Senior Cost Controller

  • Location:

    South London, London

  • Sector:

    Energy & Natural Resources

  • Job type:


  • Salary:

    £55000 - £65000 per annum + Excellent Benefits

  • Contact:

    Chris Brannigan

  • Job ref:


  • Published:

    6 months ago

  • Expiry date:


  • Start date:


  • Consultant:

    Chris Brannigan

A market leading Oil Services business are seeking the addition of a Senior Cost Controller owing to some new major projects coming online in 2020.

The Senior Cost Controller ensures accurate, timely and value-added analysis and reporting on a project or projects. The discipline contributes to the effective running of projects and comprises responsibility for, but not limited to cost performance status reporting.

The role ensures the provision of all cost control functionality on the project including budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities. The role reports functionally to Cost Control Manager and directly to Lead cost controller on a specific project.


Key Responsibilities & Activities

  • Continually strive to improve the Cost Control process and procedures, systems and best practice
  • Ensure the use of 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
  • Develop a common understanding of the Tender budget through a review and analysis process with the relevant estimator and project team members, jointly with Lead cost controller
  • 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, under lead cost controller supervision
  • 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
  • Provide support to estimate of Variations Orders, when applicable
  • 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)
  • Provide support to Lead controller to the Project Monthly Status Report Preparation.
  • Responsible for the reconciliation of forecasted and actual expenditures and the production of project accruals
  • Provide support for issuance of accurate cash flow forecasts and profit release as well as obtain the actual cost expenditures
  • Review Close Out Documentation both internally and externally relevant to the function


Preferred Experience and Education

  • Professional qualifications - Degree qualified ideally in Cost Management, Project Management, Finance or Engineering. Membership to a relevant Professional body is desirable
  • Broad experience of delivering Cost Control and various types and size of project.
  • Relevant previous experience at an appropriate level in the subsea or offshore environment


  • Technical knowledge and application of Cost Control and associated systems
  • Strong communication
  • Cultural awareness and sensitivity
  • Working knowledge of SAP desirable


  • Understanding of the Offshore Oil and Gas industry

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