Lead Cost Controller

Vacancy number • 01E1A21D47B4D2F481A6E905B44F61BC

Lead Cost Controller

  • Singapore
  • Closes 25 June
  • 0 hours

Start the next chapter of your career

About this job

  • Branch:
  • Area of Expertise: Embedded Software
  • Location: Singapore

What is required?

  • hours per week: 0
  • Education level:
  • Closing date: Tuesday, 25 June 2024

About this role

To lead a team of cost controllers to efficiently perform the cost control process for the assigned project(s), including regular project cost status reviews, cost variance analysis, and reporting to relevant stakeholders.

Core Responsibilities

  • Coordinate all efforts to collate and compile the necessary information to support timely cost data consolidation, analysis, and reporting.
  • Develop project cost control procedures in accordance with project requirements and corporate standards, ensuring proper implementation throughout the work.
  • Develop and maintain detailed cost control plans using company tools and best industry practices; organize and maintain the integrity of collected cost information.
  • Set up Cost Breakdown Structure and allocate budget, resources, and other required data into the system.
  • Lead the derivation and consolidation of commitments and actual costs by ensuring proper data collection from various systems and offices (e.g., ERP system, timesheet system, construction yards database).
  • Review, analyze, and update accurate forecasts of the assigned project(s) using company standards and best industry practices.
  • Conduct cost performance analysis, including variance, productivity, and Earned Value analysis.
  • Ensure regular reporting is produced and distributed to relevant stakeholders as per company and project requirements, providing details on control budget, commitments, actuals, forecasts, reasons for deviations, and suggested mitigation actions.
  • Lead the reconciliation with the accounting system and accruals derivation; manage the interfaces between Cost Control (cost controllers and/or cost engineers) and Finance (cost accountants) by defining responsibilities, timing, and interface documentation or information.
  • Provide information for currency hedging to Finance.
  • Review and analyze Change Order requests and/or potential variations that impact project budget and forecasts, and maintain an appropriate register.
  • Establish appropriate coordination with other project functions to ensure compatibility with Cost Control requirements and timely information flow.
  • Contribute to and participate in the Project Risk Management process by providing cost input and identifying potential budget and forecast impacts for risk occurrences.
  • Perform cost risk quantitative analysis to define accurate contingency reserves using company tools and best industry practices.
  • Mentor, train, and develop cost control staff as required.
  • Assist in setting goals and reviewing the performance of assigned project cost control team members.
  • Collate and submit lessons learned and historical data to relevant stakeholders.
  • Report to Project Controls Department Manager or Cost Control Section Lead when not assigned to a specific project.
  • Report to Project Controls Manager or another Project Controls position based on project complexity and relevant organogram (e.g., Cost Control Manager, Cost Control Supervisor).
  • Deal extensively with internal stakeholders such as Finance, Engineering, Planning, Document Control, Project Management, Procurement, Construction, Contracts, Quality, Operations, etc.
  • Frequently interact with yards and engineering subcontractors on all aspects related to cost control and invoicing.
  • Occasionally interact with the client’s cost control representative if required by the project and delegated by the direct report.

Educational Qualification

Degree in Engineering, Science, Business Management, or Operations Management.

AACE certification (CCT or CCP) will be advantageous.

Relevant Experience

  • 10 years of cost engineering experience in the Oil & Gas industry specific to FPSO projects or
  • 15 years with other industries with an understanding of the technical knowledge of Oil & Gas processes
  • Previous working experience in a lead role is preferred.

About Brunel

Brunel is a leading provider of recruitment and workforce solutions throughout Asia and around the world. We excel at connecting specialist jobseekers with employment opportunities across conventional and renewable energy, life sciences, mining and manufacturing.

Our extensive network is comprised of 20 offices throughout Asia, including Brunel’s regional headquarters in Singapore and satellite offices across China, Japan, Malaysia, Indonesia, Thailand, Vietnam, South Korea and Taiwan + a further 100 locations worldwide.

Empowering people is our business. Our specialist recruiters strive to connect talented individuals with opportunities that align not only with your immediate expectations, but your long-term career trajectory as well. Brunel has built a reputation for working with some of the world’s largest and most innovative businesses. Talk to us about how we can help you to reach your goals.

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Brunel connects the most talented and experienced specialists with both present-day and pioneering projects. With 120+ offices and more than 12,000 specialists around the world, we deliver people and workforce services that transform global projects in Engineering & Construction, Oil & Gas, Renewable Energy, Mining, Infrastructure and Life Sciences.

Brunel locations throughout the world

Brunel is passionate about ensuring we are a business with a conscience. Not only does Brunel have a defined global Environmental, Social and Governance (ESG) strategy, but we also have our own dedicated Brunel Foundation which has been working to ensure that we are contributing to a better future for both our people and planet for over 10 years.

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Start the next chapter of your career

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Do you have questions?

If you have questions or would like to discuss the details of this role, please contact Singapore quoting publication number: 01E1A21D47B4D2F481A6E905B44F61BC