Senior Principal Cost Controls / Cost Manager

Senior Principal Cost Controls / Cost Manager

Role Objective / Success Criteria / KPI

• Provide senior specialist leadership across project cost control and the wider Project Controls function.
• Proactively identify and resolve complex cost and commercial issues affecting project performance.
• Maintain accurate cost, revenue, forecast and contractual information to support timely project decisions.
• Influence project direction and resource allocation through clear analysis, forecasting and commercial insight.

Key Responsibilities

• Interpret the project contract and support the Project Director in its effective application.
• Provide cost-control input to the Project Execution Plan and ensure project controls systems are correctly established and maintained.
• Coordinate financial, contractual and administrative project matters with Project Accounting.
• Monitor project costs and revenues and prepare weekly, monthly or quarterly project reports as required.
• Lead the project Change Management process and manage Project Risk and Opportunity Management (PROM).
• Develop the monthly project Estimate at Completion (EAC).
• Oversee cost and progress personnel in the completion of their assigned activities.
• Maintain clear, accurate and auditable financial and contractual records.

Tasks

• Support Project Accounting with the compilation and review of project invoices.
• Evaluate, negotiate and agree costs and revenue with clients and subcontractors for changes to contract and subcontract work.
• Support the development of claims, including back charges against subcontractors and vendors.
• Assist with financial and contractual correspondence relating to the Project Controls function.
• Monitor key contractual dates across the main contract and associated subcontracts.
• Prepare contract supplements where this responsibility is not assigned to a Contracts Manager.
• Attend meetings covering cost, progress, technical and contractual matters.
• Support bid activities and Regional or Global Project Controls requirements as needed.
• Benchmark project-controls information and incorporate lessons learned into future schedules, estimates and contract strategies.

Deliverables

• Accurate cost, revenue, forecast and performance reports.
• Monthly project EAC and supporting analysis.
• Change-management, risk and opportunity records.
• Contractual and financial correspondence, claims support and contract supplements.
• Complete project close-out report and accurate final cost-control records.

Project Documents

• Project Execution Plan and project-controls procedures.
• Cost reports, revenue reports, forecasts and EAC documentation.
• Change registers, PROM records and claims-support documentation.
• Client, subcontractor and vendor financial or contractual correspondence.
• Project close-out report and benchmarking or lessons-learned information.

Decision Authority / Responsibility

• Lead cost-control activities and provide specialist recommendations to the Project Director and wider project leadership.
• Challenge cost, revenue and forecast information where evidence or assumptions are insufficient.
• Recommend corrective actions, commercial strategies and resource priorities to protect project performance.
• Provide oversight and direction to cost and progress personnel within a matrix project environment.

Requirements

• Degree in Engineering, Construction, Business or a related field, or an equivalent combination of technical training and experience.
• Minimum 12-15 years of relevant cost-control and project-controls experience.
• Offshore project experience is required; subsea project experience is preferred.
• Strong background within the oil and gas industry, ideally gained with an EPC or EPCIC contractor.
• Experience managing project cost, revenue, forecasting, EAC, change, claims and risk or opportunity processes.
• Supervisory or management experience within a matrix environment is preferred.
• Progressive experience working for a contractor and partnering with Project Directors, Accounting, Contracts and delivery teams.
• Familiarity with Primavera P6 and integrated project-controls processes.
• Strong commercial judgement, analytical capability and stakeholder communication skills.