Cost Controller

Company overview

OEG is a leading energy solutions business, providing mission-critical infrastructure assets and services to the global offshore energy industry. Through our specialist divisions - topside, marine, subsea, logistics and industrials, we are a pivotal link in the global offshore energy project chain, ensuring our customers’ projects are delivered safely, reliably and efficiently.

Core purpose

• The Cost Controller is responsible for managing all aspects of project cost control. This includes budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities.

Key responsibilities and accountabilities

• Responsible for daily project reporting from Daily Progress Reports (DRP’s) to ensure alignment between project costs and revenue.

• Conduct performance analysis by identifying and understanding variances against the As Sold and the control budget. 

• Responsible for the reconciliation of forecasted and actual expenditures and the production of project accruals. 

• Coordinate and manage all updates to the project forecast, incorporating inputs from client, project management and other project team members. 

• Support monthly financial close by determining and posting cost accruals and unbilled revenue, as well as calculating post revenue adjustments when its recognition is based upon cost progress. 

• Assist with in-depth analysis and reporting of variances monthly. 

• Prepare/compile cost and financial input to the PMSR (Project Monthly Status Report). 

• Provide accurate monthly reporting of Value of Work Done (VOWD) and long-term cash flow forecasts for the project. 

• Perform economic analysis, deviations, probability, and support project management on any accounting issues and reporting related to the project, including highlighting any concerns or risk to business.

• Prepare and deliver detailed revenue forecasts and variance reports to clients upon request, including all supporting documentation for Cost-Plus items. 

• Create Applications for Payment (AFP’s) in CSAM in accordance with the pricing schedules for each work package.

• Participate in weekly internal project meetings. 

• Liaise with the supply chain on requisitioning, hire control, and goods receipting.

• Assist with project closure, including PO reconciliation, and final margin reporting.

QHSE responsibilities

To have a general understanding of the areas of our QHSE Management System and OEG’s QHSE aims and objectives that are relevant to the role.

Comply with the requirements of OEG Energy Group Policies and the responsibilities within the wider QHSE Management System.

Promoting:

• a proactive health and safety culture focussed on the prevention of work-related injury or ill health and continual improvement in our processes / performance.

• environmental sustainability and energy efficiency whilst minimising our environmental impacts and preventing pollution.

• a quality culture that brings values to our business, our customers and other interested parties ensuring quality issues and opportunities for improvement are identified and implemented.

Skills and experiences

• Minimum of 3 years’ proven experience in cost control, forecasting, and financial reporting. 

• Advanced Excel skills, including proficiency in data analysis and reporting. 

• Working knowledge of CSAM is preferable.

• Experience in the offshore, oil and gas, or renewables industry is advantageous. 

• Strong analytical skills. 

• Strong creative problem-solving skills. 

• The ability to organise and prioritise own work, managing multiple discrete work packages simultaneously across multiple entities from within the OEG group.

Qualifications

• Business Degree required; a degree in Cost Management or Project Management is advantageous but not essential.