Cost Controller

Job Summary

The Cost Controller handles the cost accounting functions within an organization, ensuring accurate tracking, analysis, and control of costs to support effective decision-making and financial performance. They are responsible for monitoring and analyzing costs across various departments and projects, identifying areas for cost reduction, efficiency improvement, and profitability enhancement. Additionally, Cost Controllers play a key role in developing and implementing cost accounting policies, procedures, and controls to ensure compliance with accounting standards and regulatory requirements. They also collaborate with cross-functional teams, including finance, operations, and procurement, to gather relevant data and insights for cost analysis and reporting.

Job Responsibilities 1

Key accountabilities

COST TRACKING AND RECONCILIATION

• Update CBS-coded budgets, commitments, actual costs, accruals, change registers and cost forecasts.
• Reconcile project cost records with purchase orders, subcontract records and Finance/ERP data; investigate discrepancies.
• Maintain documented assumptions, source references and audit trails for monthly cost close.

REPORTING AND ANALYSIS

• Prepare cost reports, variance explanations, EAC/ETC support schedules, cash-flow inputs and management charts.
• Collect project cost submissions, verify completeness and flag cost risks, unapproved changes and data-quality gaps.
• Maintain Excel/Power BI cost dashboards and standardized reporting templates.

COORDINATION

• Coordinate with Finance, Procurement, Commercial and project teams for timely inputs.
• Support management reviews, internal audits and process improvement under the Cost Control Manager.

Job Responsibilities 2

Additional Responsibilities 3

Job Knowledge & Skills

Success measures / KPIs

• Accuracy and traceability of cost records
• Timely month-end cost submissions
• Resolution time for cost-data discrepancies
• Completeness of registers and supporting evidence

Key interfaces

Project Controls Director; project managers/directors; Engineering, Procurement, Construction, Commissioning, Commercial/Contracts and Finance teams; contractors and package suppliers as applicable.

Job Experience

• 5 years of EPC cost control or project financial reporting experience.
• Advanced Excel, ERP cost data, CBS/WBS coding, accruals, commitments and working knowledge of Power BI.
• Relevant cost-control training or certification advantageous.

Competencies

Education