Cost Controller
4 weeks ago
Myonex is seeking a highly skilled Cost Controller to join our team. As a Cost Controller, you will be responsible for ensuring the development, implementation, and execution of project cost control, cost reporting, and invoicing objectives within contracted work scopes.
Key Responsibilities- Monitor and advise project managers, commercial managers, and financial controllers on critical path, milestone, and slipping and overdue tasks, and other issues and changes that may give rise to over-budget tasks.
- Manage and monitor project budgets, developing and adjusting project budgets as needed.
- Assist the financial accountant and commercial manager in developing project cash flow analysis.
- Liaise with project managers and the project management team daily, providing briefing, feedback, and highlighting areas of concern to enable tracking of costs against baseline and highlighting significant deviations.
- Manage and monitor project costs, assisting with forecasting future project costs.
- Accurately track and reconcile project equipment and resources.
- Manage, monitor, and analyze all project-related costs, liaising with project managers to review incorrectly allocated costs and creating journal corrections to move costs to correct codes where required.
- Manage all client PO expenditure checks and liaise with clients and project managers directly to ensure they are aware of any PO uplifts in advance of project completion.
- Write reports and present information to key stakeholders.
- Understand and comply with contract notification and reporting procedures.
- Manage invoicing requirements and close-out reporting at project completion.
- Develop financial reporting procedures and systems.
- Calculate variances between budgets and actuals.
- Investigate unprofitable variances and losses.
- Develop cost-efficient solutions to implement changes.
- Previous experience working in cost control in the engineering, marine, and subsea construction industry.
- Experience with accountancy software platforms such as Navision/Sage/SAP/ORACLE or similar.
- Ability to communicate effectively with peers and project stakeholders at all levels.
- Ability to plan, organize, and prioritize work, balancing resources, skills, priorities, and timescales to achieve objectives.
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