Project Cost controller
2 days ago
Paris
Job Title: Project Cost controller Job Location : Paris 16eme Start date: ASAP Permanent position / CDI Project Type: Offshore T&I/EPCI – Cable Lay THE CLIENT : This opportunity is with an internationally active subsea solutions provider specializing in offshore cable installation and burial operations. Headquartered in Europe, the company is renowned for its technical excellence, agile project delivery, and commitment to innovation within the marine infrastructure sector. With a track record of supporting major offshore energy developments—from renewables to interconnector projects—the client offers a high-impact environment for professionals with niche expertise. ROLE PURPOSE To ensure good control and understanding of cost and revenues within a project, as well as forecast of financial status of a Project.. Key Areas of Responsibilities & Activities Continually strive to improve the Cost Control process and procedures, systems and best practice • Develop 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, • Support junior cost controllers development by reviewing & explaining specific cost control process and requirement of the budgets they follow, • 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 pro-active 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 in-depth 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), • Supervise and monitor the activities of the project cost control team, • Prepare the Project Monthly Status Report in association with the Package Manager and Project service manager., • 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 audit reports and other audit information as required by internal & external audit teams, • Review Close Out Documentation both internally and externally relevant to the function, • Attend regular functional meetings and workshops within the Project Controls team, • Appraisal of contractual risk, • In conjunction with the Head of Finance and the Projects Director review the existing cost reporting and forecasting framework, • Ensure a proactive approach to communication with all internal departments, • Delivery of all financial forecasting required for performance monitoring including supplementary reporting required by the Senior Management Team, • Identify and implement improvements with the forecasting and modelling processes, • Member of Departmental Management Team KEY TASKS • Collect information from project stakeholders to ensure accuracy of EAC, • Liaise with internal departments to ensure Enshores project and forecasting procedures are followed at all times, • Ensure a fluid communication line is in place between the Commercial, Finance and Operational teams, • Establish project As Sold at project start, • Monitor all project changes and cost impact, • Develop and manage forecasting models as required, maintaining project EAC at all time, • Develop project sensitivity and impact on project EAC, • Develop and maintain multicurrecy Cash Flow reporting, • Maintain asset rate/costing schedules, • Identify areas for improvement and develop solutions for links between the models and the accounts system, • Provision of information as required to wider stakeholders, • To ensure development of a process of evaluation of bid PROFILE • Education &Training (Diploma in Engineering, Project Management, Business, Administration(Bac +4 or more/equivalent ), • 7 years of more experience in similar role, • Reginal level in Africa, • French & English speaking Note: Only shortlisted candidates will be contacted for an interview. Thank you for your interest.
