(3153) Cost Controller – Power Plants & O&G Rehabilitation & Maintenance

Job Summary: The Cost Controller is responsible for monitoring, analyzing, and controlling project costs to ensure financial efficiency and compliance with budgets for Power Plants and Oil & Gas (O&G) Rehabilitation & Maintenance projects. This role involves tracking expenditures, forecasting costs, identifying variances, and implementing corrective actions to optimize project financial performance. Key Responsibilities: 1. Cost Monitoring & Control:  Develop, implement, and maintain cost control procedures for rehabilitation and maintenance projects.  Track and analyze project expenditures against approved budgets.  Identify cost variances, investigate root causes, and recommend corrective actions.  Ensure all project costs (labor, materials, subcontractors, equipment) are accurately recorded and reported. 2. Budgeting & Forecasting:  Assist in preparing project budgets and cost estimates for rehabilitation and maintenance works.  Update cost forecasts based on project progress, change orders, and market trends.  Provide monthly cost reports, including Earned Value Analysis (EVA), to management. 3. Financial Reporting & Analysis:  Prepare detailed cost reports, cash flow projections, and variance analysis.  Liaise with project managers, engineers, and procurement teams to validate costs.  Ensure compliance with company policies, accounting standards, and contractual obligations. 4. Contract & Change Order Management:  Review and validate contractor/subcontractor invoices and change orders.  Monitor contract terms to avoid cost overruns and disputes.  Support claims management and dispute resolution related to project costs. 5. Risk Management & Cost Optimization:  Identify financial risks and propose mitigation strategies.  Recommend cost-saving measures without compromising quality or safety.  Conduct cost benchmarking against industry standards. 6. Collaboration & Communication:  Work closely with project teams, finance, and procurement departments.  Present cost performance updates to senior management and stakeholders.  Ensure alignment between cost control and project scheduling. Qualifications & Skills: Education & Experience:  Bachelor’s degree in Engineering, Finance, Accounting, or Quantity Surveying.  5+ years of cost control experience in Power Plants, Oil & Gas, or Heavy Industrial Maintenance/Rehabilitation projects.  Proficiency in cost control software (SAP, Oracle, Primavera, MS Project, Excel).  Knowledge of Earned Value Management (EVM) and project accounting. Key Competencies:  Strong analytical and problem-solving skills.  Attention to detail and accuracy in financial reporting.  Excellent communication and presentation skills.  Ability to work under pressure and meet deadlines.  Familiarity with FIDIC contracts and industry best practices is a plus. Work Environment:  Office-based with occasional site visits to Power Plants/O&G facilities.  May require travel to project locations.

Proposed sallart
Field of work
Oil & Gas / Petroleum
Country
Iraq
Location
Iraq
Education level
Bachelor of Technology/Engineering
Worker Type
Long term contract
Required Skills
Bachelor’s degree in Engineering, Finance, Accounting, or Quantity Surveying.
gendre
Male