Cost Controller

Full-time/Direct/Staff Monaco, Monaco


Finance - Cost Controller

This Position:
  • Reports to : Cost Control Manager.
  • Supervision of : n/a.
  • Liaises internally with: PM/PCM/EPM/PPM/Planner/Contract Manager for day-to-day control of allocated projects.
Projects Treasury coordinator in respect of Cash Planning and Finance costs.
Financial Accountants for proper recording and reporting of data.
  • Liaises externally with: Foreign offices F&A supervisor in respect of sites administration and finance costs.
Internal & external Auditor for ad hoc requests.
Sister companies & JV partners.


The Cost Controller (CC) is responsible for issuing accurate and realistic cost and revenue Forecasting along with prompt Reporting, in order to provide Project Management with sound background to pilot the Project.

= Ensure Cost Control quality and compliance

+ Based on (Main) Contract terms, and in collaboration with the Contract Manager, prepares financial Project Summary, apply procedures and reporting accordingly, which includes Compensation, Taxation, majors Subcontracts, Purchase Orders and other financial related provisions dimensions.
+ Maintain an updated Forecast which is consistent with the reference Project Cost Model.
+ Ensure consistency with the latest Scope of Work on the project and latest Project Schedule through advice and guidance taken from EPCI disciplines and Project Planner respectively.

= Provide monthly input for inclusion in Management Report:

+ Prepare and issue monthly Project Financial Forecast in liaison with Project Manager/Lead Cost Manager (PM/LCM).
+ Prepare a Manpower Forecast Report in liaison with PM/LCM.
+ Drive reconciliation with Cost Engineering to book accruals and further track and analyse monthly Percentage of Completion (PoC).
+ Based on input from all Offshore Group Companies involved in the Project, issue a consolidated monthly Cash Planning Report to control consistency with PoC and feed Treasury consolidated Group Cash Flow Plan.

= Control commitments with respect to budget:

+ In liaison with PM/Procurement manager, handle budgets input in the system and, in close cooperation with the Cost Engineer, issue budget variance as necessary. 
+ Oversee Third Parties invoices management, which includes control of Purchase Requisitions, incoming Invoices against Purchase Order, Approval for Payment in accordance with Authority Matrix and effective payment.
+ Support the PM for Client’s invoices management, from issuance to payment receipt, with particular attention paid to the corresponding Accounting Records.


Education: Business School or Financial/Accounting related degree.

Experience: 2 to 5 years with a first experience in project costs control in an international environment with a strong preference in the O&G sector.

Specific competencies (knowledge or know how) which are a key factor for the position:

  • Solid accounting, reporting and cost controlling skills.
  • Proved planning & organization skills.
  • Strong IT skills – particularly Excel.
  • Communication skills.
  • Attention to detail.
  • Pro-activity.
  • Autonomous, curious, thorough and adaptable.
  • Fluency in English and French.