Job Description
Job Purpose
Job Description
Job Description
1. Cost Planning & Budget Control
· Establish and maintain the project cost control structure (CBS/WBS alignment) in accordance with approved project baselines.
· Prepare and control project budgets, including validation of cost estimates and alignment with project scope and contractual requirements.
· Ensure proper cost loading, coding, and traceability within approved TechnipFMC cost control systems.
2. Cost Monitoring & Forecasting
· Track project actual costs and commitments, ensuring timely, accurate, and complete cost capture.
· Prepare periodic cost forecasts (EAC, ETC) using approved methodologies, incorporating performance trends, risks, and opportunities.
· Analyze variances between actuals, forecasts, and budgets; identify root causes and recommend corrective actions.
3. Performance Analysis & Reporting
· Develop and deliver high-quality Project Management Report and VOWD for the Project Management Team (PMT) and management reviews.
· Support monthly project reviews and management reporting cycles.
· Provide clear cost performance narratives, highlighting key drivers, risks, and mitigation actions
4. Risk, Opportunity & Change Management
· Support identification, quantification, and monitoring of cost risks and opportunities.
· Participate in change management processes, including evaluation of variations, claims support, and cost impact assessments.
· Ensure cost implications of scope changes are properly assessed, approved, and reflected in forecasts and budgets
5. Governance & Compliance
· Ensure compliance with TechnipFMC financial policies, procedures, internal controls, and audit requirements.
· Support internal and external audits by providing required documentation, analysis, and explanations.
· Maintain disciplined cost control practices aligned with TechnipFMC governance standards.
6. Collaboration & Stakeholder Interface
· Act as a key financial partner to Project Managers, Engineering, Procurement, Construction, and Finance teams.
· Provide guidance and mentoring to junior cost control personnel where applicable.
· Promote standardization, continuous improvement, and best practices in cost control processes.
You are meant for this job if:
· A bachelor’s degree in engineering, Finance, Accounting, or a related discipline.
· Minimum 5-8 years of proven experience in project cost control within EPC/EPCI environments, preferably on SPS, offshore or subsea.
· Prior exposure to the Oil & Gas sector or manufacturing projects is highly desirable.
· Strong command of professional English, with the ability to communicate effectively across multidisciplinary and multicultural teams.
· Solid expertise in project cost control methodologies, including budgeting, forecasting, cost reporting, variance analysis, and change management.
· Advanced analytical, numerical, and problem-solving skills, with high attention to accuracy and detail.
· Intermediate proficiency in Microsoft Excel, including the use of formulas, PivotTables, and data analysis techniques to support accurate cost tracking and reporting.
· Having prior experience with ERP systems such as SAP or Oracle GEOS is an added advantage
· A collaborative mindset, with the ability to build strong working relationships and contribute effectively within an integrated project team environment.