Cost Controler in Nigeria
Nigeria Up to EUR €70.00 Per Hour Contract
I am currently representing a fantastic client based in Nigeria who are looking for a Cost Control Engineer on a 12 month renewable contract.
My clients requires a Cost Control Engineer an Establish and manage effectively a cost control system in order to support the Project Manager's decision-
making process and allow him to complete the project within the approved Budget
You will be responsible for :
During the initial phase after contract award : ensure the implementation of the Cost Control System; in particular :
Elaborate the consolidated Cost Breakdown Structure on the base of the Commercial Budget, the available feedback from similar projects, the risks profile, the needs to return data to Commercial Department;
recast the Commercial Budget in the established CBS and issue of the Control Budget as per internal procedures.
Review the procurement / accounting system adopted in each Operating Companies / Branches participating to the project, to verify the application of the CBS and the proper traceability of costs (from Purchase Requests to accounted invoices).
Identify the number / skill of cost control resources necessary to control the project.
Issue the Project Cost Control Procedure, that explains the consolidated Cost Breakdown Structure (as well as the CBS codes to be used by each Operating Companies partecipating to the project) , how / by whom the CBS shall be used in the procurement and accounting cycle, lines of communication , responsibilities and information flow required for a timely costs analysis and forecast updating.
Input the Cost Breakdown Structure in IBIS (by entity / Job number) to allow start of procurement / accounting activities.
If not developed during commercial phase, split the Commercial Budget following the intercompany scheme, to elaborate revenues / costs by entity, by currencies, by main cost accounts;
following the contract and the work schedule, to elaborate revenues and costs by month (spread forecast) and, associating the payment terms, elaborate cash-flow by currency.
Ensures, during the execution phase, the Cost Control System works effectively and cost status is soundly assessed and reported; in particular :
Monitor cost coding system is properly applied and information flow is correct and complete.
Revise promptly the Control Budget (revenues and costs) with all agreed Changes and the necessary Internal Transfers.
Monitor, for subcontracts and other significant items, progress and the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress).
Support the purchasing process for overrun prevention (budget analysis for PO's request before commitment).
Analyse committed costs and activities to-date (actual vs budget performance and productivity).
Isolate any adverse trend and warn the PM on time to take corrective actions.
Review monthly the forecasts to complete, any deviation from baselines and the effect of the corrective actions taken by PM.
Review with PCE and PM the risks / opportunities status.
Issue monthly Cost Report (consolidated) inclusive of details and written comprehensive analysis of performance, trends,deviations and assumptions.
Due to a high number of applicants for this position, if you do not receive feedback for this role within 10 working days unfortunately you have been unsuccessful.
For more information / to apply please call
Job Reference Nigeria APPLY
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