Cost Controller

Location

Oldmeldrum, Aberdeenshire | United Kingdom

Job description

About the Role

Cost Controller
Oldmeldrum, Aberdeen
Permanent position

The Company:
James Fisher Decommissioning is a trusted global service provider for the decommissioning of offshore assets, specialising in the removal of subsea infrastructure, structure and jacket removal, well severance and subsea well abandonment.
We deliver full decommissioning support for offshore projects by combining knowledge, innovation and experience with engineering solutions and equipment provision.

The Role:
Management of all project specific cost and commercial controls throughout the project lifecycle. Working with Project Manager(s) to ensure accurate reporting of project performance on a weekly / monthly basis to aid delivery of safe, timely and in-budget operations. Maintain interface between Project Accountant(s), Accounts Payable, Commercial, Supply Chain as required.
Accurate and timely reporting on a weekly / monthly basis and variance analysis of actual vs. control budget.
Timely issuing of invoices in accordance with Contract payment milestones and monitoring of all receivables.

Key Duties & Responsibilities:

• Cost monitoring, control and reporting of all project specific costs utilising Product Line Finance and Procurement system(s) and internal White Book Rates (WBR) register.
• Preparation and population of project specific forecasting and cost tracker model.
• Work with the Project Manager to define a Control Budget for all new projects. Any variance from the original As-Sold model to be highlighted, justified and approved, with Lessons Learned fed back to Tendering Department.
• Preparation of periodic Project Status Reports with a detailed analysis of costs, contingency, risks and opportunities. To be reviewed with Project Manager(s). Forecast Revenues to be validated by the Project Accountant.
• Cost management of assigned internal capital investment projects, alert the project manager of any deviation from the capex control budget.
• Alert Project Manager of any commercial project concerns as soon as they become apparent.
• Liaise with key stakeholders in order to prepare, forecast, monitor and report project costs against budget as required by Project Manager and when applicable Contract requirements.
• Liaise with the Project Manager / Planner on all schedule, management of change, progress and Work Breakdown Structure and value of work done issues.
• Revise the Project Control Budget and Forecast Revenue in line with approved Variation Orders, as appropriate.
• Review the cost / revenue implications of the the project VO Register including all VO’s which are pending approval.
• Contribute to the review and tracking of projects Risk & Opportunity Registers.
• Liaise with Supply Chain on all matters relating to requisitioning, manifesting, hire control and good receipting.
• Escalate any instances of budget exceedance. The project manager shall work with the P&L accountable Product Line Management to present over budget events and to seek approval as to whether contingency shall be used, or project margin eroded per instance.
• Liaise with Finance department to ensure timely raising of accurate Invoices in line with Contract stipulated timelines.
• Facilitate efficient project cashflow management and verify accuracy of the invoice and payment registers with the Project Accountant(s) for assigned projects.
• Liaise with Shared Services and the Product Line finance department to monitor debtor days and alert the project manager of late payments.
• Assist with Preparation of Project Estimates/CTRs for budgetary purposes as required
• Liaise with Finance department on all financial aspects of the project.
• Liaise with Commercial department in support of tender bids, white book rates and benchmark projects, as required.
• Provide support with the monitoring, tracking and reporting of all cost of non-quality events and lessons learned throughout the project life cycle
• Support the timely closure of the project including reconciliation of all PO’s and issuance of the final Project Status Report confirming the gross margin outcome and cash collection for review and approval by the Project Manager.

Skills & Experience:
Degree qualified or equivalent, a lesser qualification may be accepted where it is supported by relevant experience.
Ideally with CIMA, ACCA, ACA qualified and practical understanding of offshore work and project activities is preferred (i.e. Subsea operations, OFTO Management or vessel operations).
Relevant experience within a project environment involving cost engineering related duties and responsibilities.
You will also need good interpersonal, organisational and multi-tasking skills.

Due to the volume of applications that we receive for our vacancies, on occasion applications may close before the deadline, so please apply early to avoid disappointment.

James Fisher and Sons are committed to taking positive action on diversity and strongly encourage applications for candidates from all backgrounds.We are proud to be a Disability Confident employer and recognise that our success depends on our talented and diverse workforce.

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Salary