Cost Control Manager

1 month ago

new york city, United States Taylor Hopkinson | Powered by Brunel Full time

Opportunity to join an offshore wind developer as a Cost Control Manager.

The Cost Control Manager will play an essential role in ensuring the project budgets are well forecasted and managed and that the project team is kept fully aware of the state of project budgets.

What You Will Bring:
* Bachelor's degree in business management or similar, or corresponding
professional experience
* Min of 10 years' experience in complex offshore project Cost control
* Excellent written and verbal communication skills
* Strong time management skills and ability to multi-task and prioritize work
* Proficient in Microsoft Office suite
* Major Energy project developments knowledge and experience, with Partner
reporting interfaces
* Excellent organizational ability and commitment to meeting deadlines
* Requires team spirit with ability to work closely with various stakeholders
including but not limited to diverse international teams, vendors &
subcontractors, affiliates, HQ, etc.
* Strong communication and proficient presentation skills
* Knowledgeable and experienced with cost engineering principles and methods
including budgeting and forecasting, change management, management
systems/procedures, Cost and Work Breakdown Structures, Earned Value
Systems and contingency management.
* Budget and Cost Control tools: SAP, Excel, PowerBI, and any other commercial
project cost control tools
Activities
Key Responsibilities:

* Manage overall cost control activities for the project, including cost reporting,
forecasts, commitments, budgets, VOWD, variance analysis, contingencies, period
close & reconciliation, earned value progress, trend analysis, and invoice
processing.
* Interface with project stakeholders such as project management & leads, HQ,
Finance & JVA, vendors & subcontractors, and partners.
* Liaise actively with Project Management and related Package and Line Managers
for the performance of the assigned duties.

Specific duties of cost control team:
* Review, monitor and analyze committed, expended, earned values, and
forecasted costs for package against approved budget and approved changes.
* Coordinate with Package Team Leads to review data to ensure commitments,
schedule requirements, and risk items are accurately represented in the project
forecast.
* Establish a suitable Budget and Cost coding structure - complying with
Governing Agreements (LLCA/PSA), GRP, PJC, the Group's and Project
Management reporting requirements and rules for all phases of the Project.
* Have prepare / coordinate / consolidate and review the various Project budgets
and updates (internal and external / Annual and Multiyear) with inputs from the
members of the Project Team and provide "ad hoc" economics support as
required.
* Prepare cost reports; ensure variances, incurred, committed, budgets, and
forecasted costs are properly explained and communicated to the project team.
* Track use of contingency, management reserve, and approved changes to project
budget
* Analyze, track, and report project (or contract specific) financial KPIs and
communicate their status to the project team.
* Participate in project meetings when required; gather, prepare, and analyze data
for Risk Assessments; ensure risk information is incorporated into the project
forecast.
* Support contracts and procurements for bidding, tendering, contract selection,
and change management as required.
* Document processes and procedures as required by project, JV or HQ directives.
* Identify opportunities for improvement to forecasting and other project cost
control methodologies and document as lessons learned.
* Promote a culture of safety, health, and environment.* Participate in project digitalization to promote efficiencies, synergies, and
simplification.
* To provide the necessary checks, approval functions for invoices submitted, in
accordance with Contracts, Project & Company procedures, Sarbanes & Oxley
requirements and DoA
* Participate and coordinate cost control tasks involved in the monthly closure
exercise.
* Provide input regarding payment schedules (cash calls)
* Liaise actively with Finance Department for all matters related to cost and
accounting as required (Commitments, invoice processing and payment, accruals,
payment claims and disputes...) and to ensure strict confidentiality of all the
Budget and Cost documentation.
* The job holder is also accountable for demonstrating an exemplary behavior with
regards to HSSE rules & requirements, with regards to the Company Ethics and
"Code of Conduct" policy and for implementing and controlling these rules and
requirements within the said area of responsibility. This includes coordinating all
SOX controls related to Cost Control.

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