Summary
International Maritime Industries (IMI) is hiring a Cost Controller for MRO-related project cost control. The role covers budgets, expenditure, invoices, project changes, cost performance reporting, commercial risks, and cost estimation tools. It also involves coordinating with project stakeholders and conducting site visits onboard rigs or vessels as required. Applicants need a bachelor’s degree or equivalent and relevant cost control or quantity surveying experience in fabrication or construction; CCP or PMP certification is preferred.
The posting
As published on imi-ksa.com. Pulled from the employer's site and shown as they wrote it.
JOB PURPOSE / OBJECTIVE:
Ensure that all Project Cost Control related activities are carried out in accordance with Company policies and Procedures. Analyze existing budgets and making improvements, verification, reviewing plans, and preparing quantity estimates, negotiating with Clients/Contractors, as well as building relationships with Clients and other stakeholders.
KEY ACCOUNTABILITIES:
• Develop systems and procedures for Cost Control Function (including interface with ERP team during establishment / troubleshooting phase) and monitor project total expenditure including verification and checking of invoices, claims from Suppliers, Vendors and Subcontractors to ensure that all project expenditures are captured and properly recorded.
• Scrutinize workforce and material cost, as well as contracts to ensure cost efficiency.
• Keep track of project manhours (PMT, Production, AMCP, Engineering, TMS, FMSS and other relevant stakeholders) and materials, consumables, equipment usage, general expenses etc.,
• Manage any changes in project SOW, received variations from Clients and revised project budgets. Coordinate with the project stake holders on the same.
• Prepare project invoices and follow up on the related payments, upload all relevant project cost and expenses data in the designated project management software with clear schedules of when the expenses are likely to be incurred, and Update Project budget, margin & invoices while comparing them with the baseline budgeted cost.
• Negotiate price of change orders and manage the amended contract.
• Identify, analyze, and develop responses to commercial risks.
• Support and provide all the project’s outstanding cost for monthly accrual with supporting documents and ensure that all the project manhours are captured and approved on time.
• Follow up closely with all the relevant stakeholders to ensure that all the project outstanding costs are converted to actual costs on time.
• Monitor cost performance and generate variance / exceptions reports as and when required. Present the same to the Project Manager and obtain approval to distribute further as per matrix and Participate in the project review meetings and provide any cost related data as and when required by the project stake holders.
• Oversee maintenance activities and practices in assets of the company is an advantage and perform any other duties and responsibilities as and when directed by head of department.
• Support the development of cost estimation tools and benchmarking databases to improve forecasting accuracy.
• Contribute to the continuous improvement of cost control practices and promote cost awareness across project teams.
• Conduct site visits onboard rigs or vessels as required to inspect physical progress, validate scope changes, and support the preparation of accurate change orders and cost assessments. Perform random checks to ensure alignment between reported progress and actual work completed.
Requirements
QUALIFICATIONS & EXPERIENCE:
• Bachelor’s Degree in any field (or equivalent)
• Minimum 3-6 years’ experience in relevant industry performing the Cost Control and Quantity Survey role with at least 5 years exposure at Senior level role.
• Offshore or Onshore project fabrication/ construction experience (Rig / Lift boat/ Ship Building / MRO).
• CCP / PMP Certificate preferable (but not essential)