COST CONTROL LEAD - Port Harcourt

Job Title:COST CONTROL LEAD

Sector: Oil & Gas Servicing (EPC)

Workmode: Fulltime (Onsite)

Location: Port Harcourt

Job Purpose:

Cost controller is responsible for overseeing and managing the project cost of enterprise overheads, ensuring that it stays within budget. This job requires a strong understanding of finance and accounting principles, as well as the ability to analyse data and identify areas where costs can be reduced or optimized.

Job Duties:

• Collection of Project wise cost information from various accounting records
• Information to be complied with cost center and sub-cost center wise for the projects.
• Collection of overhead details
• Monitor overhead absorption rates are in line with budget and report for under/over absorption.
• Monthly MIS preparation includes preparation of actual costs for each project under different heads for the period and project inception to date, forecast/estimation of cost to completion in consultation with project team.
• Comparison of the above with budget and analyze reasons for the variance with operations team.
• Identifying variance due to price changes, quantity and scope changes
• Project profitability report for the period, inception to date and forecast to completion.
• Preparation Project Profitability Report (PPR) and also to date PPR for the financial year.
• Presentation of milestones achieved and deviations from the budget with reasons.
• Active participation in budgeting exercise and preparation of budgets
• Preparation of Cash flow forecasts in coordination with operations team
• Actively coordinate with head office accounting team, ensure project cost and sub-cost details are captured and recorded properly.
• Provide necessary information to auditors during audit
• Compile and provide necessary information to external agencies.

Job Requirement:

• BSc in Accounting, Finance or relevant degree
• Additional Accounting certification is a plus
• Minimum of 5 years' Work experience as an Accountant
• Advanced knowledge and experience with spreadsheets