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Cost Controller

  • Location:

    Basrah

  • Sector:

    Energy

  • Contact:

    Nima Ardalan

  • Job ref:

    4167

  • Published:

    20 days ago

  • Expiry date:

    2024-08-03

mselect is looking to hire a Cost Controller for an international energy client in Basrah, Iraq. Candidates must have a minimum of 5 to 15 years of experience with at least 5 years in oil and gas. Fluency in English and Arabic is a must.

KEY RESPONSIBILITIES
  • For senior roles: Supervise and train/ coach the cost control team where required
  • Prepare monthly and ad-hoc reports and make the necessary improvements prior to their issuance to Budget Owners
  • Ensure the variance analysis to budget is insightful to allow early remedial action by Budget owners
  • Monitor and control running Costs for affiliate or project technical departments (including Field Operations and Drilling activities)
  • Monitor Sole Costs and Company Request for Service (RFS), while ensuring a fair and equitable distribution to sole and the Joint Ventures/projects with regular engagement with Senior Management through facilitated cost review meetings
  • Manage and/or coordinate the Cost structure and allocation procedure in SAP/UNISOL: Prepare the cost breakdown structure for the Hub. Ensure that the Cost Breakdown structure is line with the work breakdown structure
  • Liaise with the finance team to ensure consistency and completeness of cost data provided for Consolidated Expenditure Statements
  • Participates in accounting monthly report with the Head of Accounting
  • Maintain a strong relationship with the Contract and Procurement (C&P) team to ensure the Cost Control team is aware of existing and upcoming supplier contracts. Ensures Cost Controllers are consulted for the creation of new contracts and purchase requisitions
  • Continuously promote good practices in Cost Control and reporting
  • Coordinate responses to audit queries related to Cost Control, and resolution of audit exceptions
  • Ensure Compliance with provisions of contracts and Delegation of Authority
  • Ensure the related Cost control activities as per deadlines: accruals, timesheets, and cost drivers allocations (for logistics, drilling, structure cost etc.), and their allocation to operating and capital expenditures
  • Co-ordinate with the Assets, projects and corporate functions to capture realistic and complete value of work done
  • Collect financial data and prepare annual budget and related forecasts in liaison with the budget holders
  • Contribute to the annual work program and budget preparation and report, Joint Venture (JV) monthly cost, and cash call reports
  • Implement and update all Cost Control related policies, procedures, and manuals in line with the Group standards
  • Develop, implement and maintain the reporting and methodology to measure cost performance and delivery of dashboards to provide cost analysis to the Directors and Budget holders
  • Participates in and promotes the implementation of financial tools recommended by Headquarters (QH)

REQUIREMENTS
  • Bachelor’s Degree in Accounting, Finance, Engineering or equivalent
  • Experience ranging from Minimum 5 to 15 years’ experience with at least 5 years in Oil and Gas
  • In depth knowledge understanding to cost control and reporting aspects related to large international projects
  • Minimum 5 years in Oil and Gas and in disciplines (Logistics, Drilling, Operations or projects, etc.)
  • Solid knowledge of finance systems, especially SAP FI/CO, BW
  • Advanced level of Excel
  • Knowledge of Hyperion Essbase a plus
  • Strong analytical, communication and interpersonal skills
  • Good knowledge of English language (speaking and writing)

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.