Senior Cost Controller

Position: Senior Cost Controller

Location: Reko Diq SITE - Balochistan

Qualification:

• Bachelors degree in Accounting, Finance, or a related field; a masters degree is preferred.
• Professional management accounting certification (ACCA / CA/ICMA) is highly preferred.

Experience:

7+ years of experience in cost control, budgeting, or financial analysis, ideally in the construction or Oil & Gas or mining industry.

Requirements:

• Extensive experience with ERP systems and financial software (SAP, Oracle, etc.).
• Construction and Oil & Gas experience will be a strong advantage.
• Expert skills in Microsoft Excel, with advanced abilities in data management and analysis.
• Exceptional analytical skills and meticulous attention to detail.
• Strong communication skills, with experience presenting financial data to senior leadership.

Responsibilities:

• Lead efforts to monitor and control project costs, ensuring strict alignment with budgetary guidelines.
• Develop, review, and present detailed monthly and quarterly cost reports to senior management.
• Analyze significant variances between actual costs and budgeted figures, providing strategic recommendations for corrective actions.
• Design and implement advanced cost control systems, including robust budget tracking and forecasting.
• Oversee the invoice review process, ensuring compliance with contracts and budgeted rates.
• Collaborate closely with project management and finance teams to optimize budgetary control across departments.
• Work closely with external stakeholders and EPCM to get project updates and spending forecasts.
• Closely work with the project controls team to ensure any significant issues are identified at an early stage.
• Contribute to long-term project forecasts and financial reports for executive-level review.
• Ensure costs are correct in the accounting system and aligned with the budgeted and approved Authorization for expenditure (AFEs)
• Early identification if there is a possible overrun on a specific AFE
• Track and report on AFEs including any variations, and scope changes and ensure the accounting system is updated accordingly.
• Track and report on budget consumption, communicating potential overruns to senior stakeholders proactively.
• Maintain comprehensive documentation for cost controls, budget adjustments, and financial approvals.
• Drive compliance with internal controls, financial policies, and international accounting standards.
• Complete ad-hoc projects as required.