Cost Control Coordinator

İşin təsviri

Cost Control Coordinator

Work Location: Base Office (30 km away from the city centre)

Education: Technical education, Diploma in Business Administration, Economic Sciences, Finance, Internal Audit and Cost Control;
 
Work Experience:
 
- Minimum 10 years of experience in Cost Control in oil and gas Offshore Engineering, Procurement and Construction industry;
- Minimum 8 years of international experience as Cost Control on medium- to large-scale and complex projects;
 
Knowledge of Languages: English (fluent), Azerbaijani (fluent)             

Other Skills/Certificates Required:

 Capability to ensure economic control of complex multicompany activities/projects at a consolidated level;
 Capability to establish the requirements and coordinate the implementation of tools and applications necessary to support project control activities;
 Capability to establish the overall project Breakdown Structure and relevant coding system to meet all control requirements.

Responsibilities: 

 Establish and manage a cost control system in order to support the Project Manager decision-making process and allow him/her to complete the project within the approved budget;
 Ensure any deviation from budget is promptly spotted and analysed, final impact is estimated and the effect of corrective actions taken is monitored;
 Create a cost awareness atmosphere among project team;
 Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfaces;

At project initial phase:

 After contract award, ensure the implementation of the Cost Control System, elaborating the consolidated Cost Breakdown Structure according to the relevant procedure, reviewing the procurement/accounting system adopted in each Operating Companies/Branches involved into the project, and verifying the application of the CBS and the cost traceability;
 Issue the Project Cost Control Procedure, Cost Coding Manual and Risk Management Plan, for the Project Control Manager verification, according to standards and contract specification and configure the Cost Breakdown Structure to monitor procurement and accounting activities;
 If not provided during the commercial phase, split the Commercial Budget according to the intercompany scheme, contract and work schedule, in order to report revenues/costs by entity, currencies, and main cost accounts and prepare the cash flow by currency;
 Coordinate the risk management activities start up organizing the first brainstorming and the qualitative / quantitative assessment of the identified risks and opportunities;
 Carry out the Monte Carlo Analysis.

During the project execution phase:

 Ensure the Cost Control System works effectively and cost status is soundly assessed and reported;
 Monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress);
 Support the Project during the contract changes/claims process providing the cost impact analysis, and keep updated the cost/revenues forecast relevant to intercompany services;
 Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from baselines or adverse trend and warn the PM on time to take corrective actions in order to prevent overruns;
 Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback;
 Issue the project and company reporting.

At project closure:

 Support the Project Control Manager in the preparation of the Project close-out Report and the costfeed-back data to Project Control and Commercial Departments.

 Fully adhere, at all times and irrespective of the work place, to Company Health, Safety, Environmental and Quality (HSEQ) policies, procedures and requirements;
 Perform other related duties as assigned by Superior.

Interested Candidates please send your CV noting your minimum salary expectation to [email protected] indicating the title of position in the subject line of your message.
Otherwise your candidacy will not be considered.

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