1 week ago
Job title : Cost Control Manager
Job Location : Rivers
Deadline : October 04, 2024
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Job Summary
- The purpose of this position is for the monitoring and managing financial expenditures within an organization.
- He will analyse costs, identify potential overruns, and implement strategies to control expenses, contributing to effective financial management.
Responsibilities
Strategic Tasks:
- Develop and implement cost planning strategies for Oil & Gas fabrication projects, including detailed estimates, budgets, and forecasts.
Operational Responsibilities:
- Oversee and manage project budgets, ensuring alignment with project plans and financial goals.
- Implement effective cost control measures to monitor, analyze, and report on project expenditures, identifying areas of variance and proposing corrective actions.
- Conduct in-depth financial analysis to assess project performance, cost trends, and potential risks, providing insights to support decision-making.
- Prepare accurate and timely financial forecasts, considering project milestones, deliverables, and potential changes in scope.
- Conduct regular variance analysis comparing actual costs against budgeted costs, providing explanations for any discrepancies.
- Assess the financial impact of changes in project scope or requirements, working closely with project managers to evaluate and approve change orders.
- Generate and present comprehensive cost reports to project stakeholders, highlighting key financial metrics, trends, and potential risks.
- Collaborate with project management, procurement, and other relevant teams to gather cost-related information and ensure alignment with project objectives.
- Ensure compliance with relevant financial regulations, company policies, and industry standards.
- Identify opportunities for process improvement in cost control and reporting methodologies, implementing best practices to enhance overall efficiency.
Qualifications & Experience
- Bachelor’s degree in Finance, Accounting, Business, or a related field
- As a minimum he shall have 10 years’ experience in cost control, project finance, or related roles, with a focus on Oil & Gas fabrication projects and construction engineering in the oil and gas industry.
- Solid understanding of Oil & Gas fabrication processes and associated cost structures.
- Proficiency in financial management and project control software tools, such as SAP, Oracle, or equivalent.
- Strong analytical and problem-solving skills to interpret financial data, analyze trends, and provide actionable insights.
- Excellent communication skills to convey complex financial information to both finance and non-finance stakeholders.
- Attention to detail in financial analysis, budgeting, and reporting to ensure accuracy and reliability.
- Ability to adapt to changing project requirements and financial circumstances.
- Proven leadership skills, including the ability to lead and mentor a team of cost control professionals.
- Effective negotiation skills for managing contracts, change orders, and cost-related issues with suppliers and contractors.
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now
- Accounting / Financial Services jobs