Cost Controller (Project Accountant)

Full-time/Direct/Staff Houston, Texas


Cost Controller

Have you ever wanted to work for a world leader in their industry?

SBM Offshore is an integrated EPCI provider of floating production solutions for the deepwater oil and gas industry. SBM Offshore owns and operates the world’s largest fleet of FPSOs which recently achieved more than 1 million barrels of oil per day throughput. SBM Off shore’s global footprint includes worldwide Execution Centers.

We are proud of our technological innovation, and are a market leader in R&D and technology development. Some of SBM Off shore’s products include CALM Buoy’s, Floating Production Storage and Offloading Units, Semisubmersibles, Tension Leg Platforms and Turret Mooring Systems.

Careers at SBM Offshore offer our employees:

Unique opportunities to participate in the full life-cycle of projects and operations from engineering through construction and installation and throughout production operations

Experience with a leader in Deepwater floating production and mooring systems, in production operations and in terminals and services

Opportunities for roles in Execution Centers, in our construction yards and with our specialized offshore installation vessels 

A company philosophy of exposing talented individuals to all parts of the business which provides opportunities to expand their personal tool kits.

SBM Offshore is currently recruiting for a Cost Controller (occasionally referred to as Project Accountant.)

The Cost Controller will be responsible for Cost Accounting, Cost Reporting, Contract Administration and the financial aspects to ensure integrity and consistency throughout the operation life cycle. Candidates should have fundamental accounting knowledge of the matching principle, including cost accruals, revenue recognition and be able to analyze standard contractual terms and conditions.

The Cost Controller will be involved throughout the life of the operation, participating in the initial set-up to its finalization and close-out.  The position’s primary deliverables include a Monthly Project Financial Forecast, which is presented to the Senior Management Team. A 3-year budget and revenue recognition calculations based on percentage of production and accurate explanations for changes in the forecast over time, phasing of Cost to Complete, identification of project risks, opportunities and mitigation measures are also required.  Other reports will be required as necessary upon client or management request.

Daily work will entail: verification of purchase requisitions (amounts & cost codes) before approval; issuing budget variances, checking supplier invoices against PO's and contracts; coding and review of invoices; maintaining the financial and production registers; analyzing contracts after handover; preparation of variance summaries; organizing budget breakdown and production, analyzing production trends and setup in Company's Financial Forecasting software.  

Other activities include monitoring costs,  preparing and validating change orders and budget transfers; preparing client invoices according to contractual terms and following up on payments from clients as necessary and developing ad hoc reporting including commercial analysis and future outlooks to support business and development needs.


The Cost Controller acts as a business partner for the assigned operations, accountable to your stakeholders to achieve business objectives in operational effectiveness and efficiency, reliable financial reporting and compliance with laws, regulations and standards.

You are to give expert advice, offering insights, ideas and recommendations on topics that impact the business, whilst ensuring that the key messages of your expertise area are understood and followed.

You align your work to SBM’s strategy, by proactively planning and completing activities, with accuracy and on-time deliverables.

You ensure a strong focus on and alignment with SBM’s Values. You design, interpret, apply and uphold SBM’s policies and procedures with a high degree of customer focus and confidentiality.



  1. In order to facilitate the improvement of the organization’s processes and ensure they are in line with SBM standards, you are to:


1.1    Execute the processes and utilize best practices necessary to accomplish your work in accordance with the business strategy of the Company


1.2  Adhere to the established plan/cycle

1.3  Ensure internal control compliance with the regulations and policies


1.4  Efficiently and effectively liaise with both internal and external stakeholders


The measures of your effectiveness in this will be:

  • Maintain an understanding of the regulatory requirements and SBM standards
  • Provide efficient, accurate and timely transactional processing and reporting
  • Provide thorough data / information through interfaces with relevant parties (internal / external)



  1. In order to achieve the quality, accuracy and timeliness of the financial data, you are to:


2.1. Challenge financial information to ensure that all viable options have been considered


2.2. Establish a dedicated and reliable platform (tool / solution) used in the compilation of data


2.3. Establish a framework that will be applied to all relevant parties in order to meet the business objectives


The measures of your effectiveness in this will be:

  • Provide valuable recommendations which support business decision making
  • Adhere to agreed deadlines and due dates
  • Improvements to systems and processes are actively sought and discussed with relevant parties as required



  1. In order to have effective interfaces within the Finance Job Family/ your department and with other relevant stakeholders, you are to:


3.1  Maintain effective working relationships with others, both within and outside the team


3.2  Set clear expectations and have constant communication and offer timely responses to internal and external stakeholders


3.3. (When applicable) Provide accurate and detailed information when escalating to the next level.


3.4. Pro-actively approach involved colleagues to get feedback and updates in order to accurately inform the applicable end-user of the progress made and status.


The measure of your effectiveness in this may be:

  • Demonstrated effective interfaces within and across disciplines
  • Feedback from internal and external stakeholders
  • Meeting deadlines


Qualified candidates should possess a Bachelor's Degree of Finance, Accounting, Business or related degree with preference given to candidates possessing an MBA. In addition to education, qualified candidates should possess 8-10 years of cost control experience in an international environment preferably with a mixture of reimbursable and lump sum projects, and an in-depth understanding of the operations life cycle. Certifications such as PMI, CCC, CPA or CMA are a plus. Specific competencies which are a key factor for the position also include accounting and financial skills, good organizational skills, accuracy and attention to detail. Good interpersonal and communication skills, team spirit and flexibility as well as good IT literacy. This position will interact heavily with the Finance, Project Controls and Procurement teams.

Candidate should exhibit good communication skills and be able to adapt quickly to change.
Candidates should also have exposure to or direct experience with implementing and maintaining internal controls and should be experienced with the flow of data from a database to reporting software.
The position is based in Houston and candidates should be able to travel occasionally in this role, and will be expected to work overtime as required during peak periods.


Headquartered in West Houston’s Energy Corridor, the Houston Execution Center of SBM Offshore offers excellent benefits, tremendous opportunities for qualified professionals, and competitive salary and benefits packages** (Paid Time Off (PTO), 10 paid holidays, 401(k) Plan, 4-1/2 Day Work week, AD&D, Bonus Plan, Education Reimbursement Program, Flexible Spending Accounts, Medical and Dental Plans, Short & Long Term Disability Insurance and Employee Stock Purchase Plan). **subject to employment status

The SBM Offshore Group is proud to be an EEO/AA employer M/F/D/V.

We maintain a drug-free workplace and perform pre-employment substance abuse testing.