Jobs

Project Junior Cost Controller – Qatar


ACCOUNTABILITIES

In compliance with NOC Finance & Cost Control methods, processes and deadlines:

  • To prepare and issue detailed budgets
  • To be responsible for cost control, cost reporting and invoice processing activities for the project
  • To develop and maintain the Master Control Estimate/Current Control Estimates (MCE/CCE)

ACTIVITIES

  • To promote and comply with applicable safety instruction and other Company HSE procedures in all activities
  • To carry out work in compliance with Company values and policies, relevant laws and regulations, agreed Company priorities and objectives, Company standards and procedures and good industry practices
  • To treat all information obtained during course of the work with confidentiality

Tender

  • To support in preparation of Contract documents and provide challenge to the commercial and reimbursable terms, ensure CBS is aligned with WBS
  • To liaise with VP, Project managers and B&D entity to review Cost Estimate based on benchmark data
  • To support in preparing project CAPEX for Final Investment Decision

Budget

  • To prepare for review the detailed annual budget and updates in liaison with various internal entities and in agreement with the company (Client) budget standard format provided by finance
  • To participate in the presentation and to defend the budget performance as required
  • To control budget availability for each commitment
  • To ensure budget control, highlighting current trends and to justify variances between Forecast and Budget
  • To establish register, to update, monitor and control the commitments, expenditure incurred and forecast for all contracts and purchase orders managed by Major Projects
  • To perform specific Cost Analysis
  • To provide input to the PALM system, with regard to commitments, payment schedules, invoicing, time sheets and cost control issues, as required
  • Review training Matrix for MP with Project Control and training department and ensure training are performed when needed

Closure:

  • To prepare the monthly closure and make sure accruals done in PALM system are in accordance with current project(s) progress
  • To prepare all necessary documents as necessary for compliance regarding accruals

Cost reporting:

  • To issue a detailed internal cost report (Trends, Areas of Concern, Budget Variance analysis, Commitment/Expenditure figures, Forecast at completion etc.) with comments and advise Project Management on cost over-runs in a timely manner
  • To ensure correct and auditable records of all matters with Project expenditures, contracts, budgets, cash flows, forecasts, etc.
  • To act as the interface with the company (Client) Finance entity and provide them with data for incorporation in corporate financial documents
  • To supervise the contractors and suppliers cost control activities

Invoicing:

  • To implement an efficient invoicing process between the different locations of each project
  • To monitor invoices, in liaison with company (Client) accounting department to enable timely payment of invoices 

General:

  • To promote cost consciousness within the entity
  • To ensure confidentially is being kept as per sensitive data
  • To liaise with internal and external auditors for cost justification
  • To prepare the required cost recovery related documentation 
  • To liaise actively with company (Client) Finance entity for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes)
  • To prepare commercial close out of each contract and archive all financial documentation as per NOC guidelines, for the MP costs center
  • To carry out any other duties or tasks that may be assigned by hierarchical superiors

Job Details

Posted Date: 2019-12-12
Job Location: Doha, Qatar
Job Role: Management
Company Industry: Oil & Gas
Monthly Salary: US $1,000

Preferred Candidate

Career Level: Management
Degree: Bachelor’s degree

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