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Cost Controller

  • Job reference: 925823
  • Location: Invergordon, Highlands
  • Salary: Negotiable
  • Job type: Permanent
  • Sector: Oil & Gas, Project Controls
  • Date posted: 04/06/2019

Job Title - Cost Controller

Job Overview

* Ensures budget adherence in projects

* Assists and develops all procedures in World Class project controlling (time and money) to create solid platform for financial reporting (WIP) for Finance UK

* Day to day financial control of assigned projects


* Timely Invoicing according to Contracts

* Timely reporting of WIP and Margin Slippage

* Timely closing off of Projects



* Cost Controller for Client

* Submission of Subcontractor Timesheets to Agencies on a weekly basis

* Approval and reconciliation of Supplier Invoices

* Weekly meetings with management, updating them on the financial part of the project.

* Evaluation ETC and EAC

* Controlling the cash flow, making sure the costumer pays on time

* Leads and plans the monthly Estimate at Completion process and ensures correct update of IFS weekly

* Maintain VOR register

* Maintain client / customer cost reporting requirements, in conjunction with the Project Manager, ensuring that the data produced complies with company internal policies & procedures

* Approves all Orders Received of Projects in IFS and changes to EAC in IFS

* Correct recording of hours and costs in the Work Breakdown Structure

* Ownership & maintenance of the internal Project Schedule and EAC tracking system for each project

* Maintain the Project Milestone Payment Schedule and proper invoicing as per project progress plan

* Challenge the project organisation to improve performance on project execution, IFS usage, customer payments etc.

* Prepare EAC forecasts for each project and multiple work scopes (in conjunction with PM)

* Track & report on all financial aspects of agreed VOR

* Prepare daily, weekly & monthly cost report content for internal and customer needs as required

* Prepare Senior Management cost summaries for each Project in conjunction with PM

* Ensure all costs data is validated before submission of internal & external reports

* Status meeting with client/ customer representatives

* Status meeting with project team, Finance Manager UK.

* Liaise with suppliers & sub-contractors on financial control matters

* Liaise with colleagues in other global offices

* Work independently with a structured and targeted approach to all work tasks

* Continuous focus on process and reporting improvements

* Drive WIP process and monthly meetings and adjust where necessary. Highlight problem areas and discuss in detail with Project Managers / Finance Manager and UK Directors

* Work alongside JRE's in UK and give financial assistance where required

* Project Invoicing

* Work alongside Buyers and JRE's to ensure projects are closed in a timely manner

* Achieve tight deadlines and produce high quality work

* Assist in other divisions where required

* Ad-hoc Duties for Finance


* Preparation and distribution of WIP reports Operations Manager of Divisions

* Ensures the integrity and validity of the Order Book at sales value and GM (opening balance, orders received, revenue and closing balance)

* High quality in all phases of the Estimate to Complete process

* High quality reporting of projects to Management team


* WIP meetings with JRE, Mid-Month and JRE, Finance Manager and UK Directors - End of Month

Required skills and experience

* Must demonstrate a strong capability within the use of ERP systems and, also in the use of all Microsoft Office programs, in particular Excel.

* Willingness to travel in the UK and Abroad when required

* In addition, personal attributes will include

o Structured and targeted approach to all work tasks

o Ability to work independently

o Service minded and committed

o Used to working to tight deadlines and producing high quality work

o Extrovert and good at communication

Our role in supporting diversity and inclusion
As an international workforce business, we are committed to sourcing personnel that reflects the diversity and values of our client base but also that of Orion Group. We welcome the wide range of experiences and viewpoints that potential workers bring to our business and our clients, including those based on nationality, gender, culture, educational and professional backgrounds, race, ethnicity, sexual orientation, gender identity and expression, disability, and age differences, job classification and religion. In our inclusive workplace, regardless of your employment status as staff or contract, everyone is assured the right of equitable, fair and respectful treatment.

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