Job Title: Senior Cost Controller - Pre-Operations

Location: Kuala Lumpur, Malaysia

Job Type: Permanent

Overview:

A global offshore energy contractor is seeking an experienced Senior Cost Controller to support the cost management of complex offshore projects, particularly in the pre-operations phase. Based in Kuala Lumpur, this position plays a critical role in maintaining financial discipline across assigned scopes, ensuring budget integrity, and delivering accurate forecasting and variance analysis.

Key Responsibilities:

Cost Planning & Budgeting:

• Develop and maintain detailed cost control plans using internal tools and best industry practices
• Establish cost breakdown structures and allocate budgets, resources, and other financial data accordingly
• Monitor and update accurate forecasts using real-time project data and benchmark techniques
• Track budget deviations and proactively engage with budget owners to address potential overspend

Monitoring & Reporting:

• Consolidate, analyse, and report cost data for assigned project sections
• Produce internal cost reports aligned with corporate standards on a regular basis
• Reconcile internal cost control data with finance and accounting records
• Review and verify subcontractor invoices, ensuring proper coding and allocation
• Monitor change orders and potential variations, maintaining an accurate variation register

Risk & Analysis:

• Support project risk management by identifying cost risks and estimating their potential impact
• Perform cost risk analysis and advise on contingency reserves using industry best practices
• Support the evaluation of third-party changes that may affect cost baselines or forecasts

Coordination & Communication:

• Collaborate with cross-functional teams to ensure timely and accurate cost data flows
• Interface with planners, engineers, and procurement teams to align on financial impacts
• Provide guidance to junior cost control staff where necessary
• Participate in project reviews and senior-level reporting when required

Candidate Requirements:

• Degree in Engineering, Science, Business Management, or Operations Management
• AACE certification (CCT or CCP) is an advantage
• Minimum 8 years' cost control experience in the oil & gas sector
  • OR 12 years in other industries, with demonstrated understanding of oil & gas processes and FPSO projects
• Prior experience in a senior or lead cost engineering position preferred
• Proficiency with SAP (preferred) or other ERP systems
• Strong analytical skills, attention to detail, and ability to manage competing priorities