Senior Project Cost Controller - London, United Kingdom - Subsea 7

Subsea 7

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Organisation

Position
Senior Project Cost Controller

Vacancy ref
81475

Based in
London - Sutton, Paris (Suresnes)

Business area
Subsea & Conventional

Working hours
37.5 hours per week

Contract type
Contract and Staff

Closing date
03/03/2023

Vacancy information

At
Subsea 7, we take pride in being recognised globally as a leader across the Energy Industry.

For 5 decades our people have delivered over 1,000 projects in all water depths across our energy hubs and we continue to do so, adapting and evolving in an ever-changing world.

Our sustainability and ongoing success are only possible through innovation, collaboration and the development and diversity of our people, assets, and technology.

By joining Subsea 7, you become part of a team of people who everyday
'Make Incredible Things Happen.
The
Senior Project Cost Controller ensures accurate, timely and value added analysis and reporting on a project or projects.

The discipline contributes to the effective running of projects and comprises responsibility for, but not limited to cost performance status reporting.

The role ensures the provision of all cost control on the project including budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities.

The role reports functionally to Cost Control Manager and directly to Project Control Manager on a specific project.

POSITION OVERVIEW

Key Responsibilities & Activities

Contribute to creating a positive HSEQ culture across Subsea
Continually strive to improve the Cost Control process and procedures, systems and best practice
Ensure the use of standard, appropriate templates for financial, performance and customer reporting
Ensure awareness of and adhesion to the Group procedures
Ensure proactive methods in sharing knowledge and experience, raising areas of difficulty and concern and assisting in improving routines
Develop a common understanding of the Tender budget through a review and analysis process with the relevant estimator and project team members
Ensure the transfer of the Tender budget to the cost management system to form the basis of future monitoring and control
Prepare and establish the Cost Breakdown Structure, and Budget Elements which describe the full structure to be used in the Cost Control System and that align into the Work Breakdown Structure, taking into consideration the interface with the Project Planning Function, where applicable
Ensure full coherence and utilisation of cost control systems for budgeting purposes and report key performance indicators throughout the project
Ensure analysis and understanding of the project contract and scope
Support the Change Management process implemented by being proactive in early identification of deviations and corrective actions
Participate on estimate of Variations Orders, prepare supporting data and documentation and implement validated VO budgets into the Cost Management System
Establish and communicate processes and routines required for effective control and reporting during the project lifecycle to team members with consideration of financial and other compliance legislation
Ensure constant monitoring of progress of work by reviewing necessary supporting material (planning and reports) and information
Ensure indepth analysis and reporting of variances on a periodic basis
Ensure all costs are allocated to the right destinations (departments, contracting entities).
Interface with budget owners on a regular basis to review commitments and challenge their forecasts
Oversee the timely coding, collection, analysis and reporting of all project expenditure, together with the budget holder(s)
Calculate and plan Estimate To Complete (ETC)
Responsible for the reconciliation of forecasted and actual expenditures and the production of project accruals
Continuously interface with the Project Financial Control department to provide accurate cash flow forecasts and profit release as well as obtain the actual cost expenditures
Review Close Out Documentation both internally and externally relevant to the function
Attend regular functional meetings and workshops within the Project Controls team