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Cost Controller (QFAB)

Job Requisition No.:  19858
Category:  Shipyard



Reporting Structure: 

Reports to: Finance Manager


Primary Functions:

  • Ensure timely and accurate preparation of financial reports
  • Manage all operational activities pertaining to project Control / Cost Control to ensure the compliance with applicable laws, rules and regulations


Tasks and Responsibilities:

  • Analyze operating results as they affect the financial position for cost reduction and profit improvement.
  • Control regularly to ensure the effective management of general ledger, account reconciliation, cash receipts processing, depreciation and accruals, investment accounting, A/R collections, and preliminary monthly accounting cycle closing.
  • Prepare and review audit reports in coordination with respective parties such as the internal audit function, external auditors etc.
  • Ensure accuracy of accounting records used for financial reporting and their compliance with applicable regulations and agreements, as necessary.
  • Maintain the financial accounting system (chart of accounts, classification and cost codes assignments etc.) and review computer transaction listings and other accounting control documents in order to identify and check any unusual items and to generate accurate end-of-period reports.
  • Contribute to the development of the budget, and monitor its expenditure, while ensuring the optimal utilization of all available resources.
  • Implement of sound financial and accounting practices and procedures
  • Contribute to the preparation of Balance Sheet & Profit & Loss Account
  • Comply with all accounting standards
  • Ethical and responsible decisions to be made
  • Knowledgeable in Total Cost Management Concepts & Terminologies
  • Ensure accurate allocation of the budget and establish a Cost Baseline
  • Evaluate and analyze a cost report, detect issues, and effectively communicate the project’s cost performance, issues/ concerns, & recovery plans to the project team


Other Expectations:

  • Adhere to all relevant SHEQ policies, procedures, instructions and controls so that QFAB provides a safe, world class, secure and environmentally responsible service to customers, the public and its own people.
  • Participate in developing the Finance policies, procedures and system, and ensure their proper implementation to support achieving the different set targets and plans.
  • Carry out any other duties as directed by the Finance Manager.


Qualification, Experience and Job Skills:


  • Bachelor’s degree in Finance or in a related discipline
  • A Certification from an accredited institution is a plus (IFRS)


  • 3-6 years of related experience in a similar position, preferably in the Oil & Gas industry.
  • Experience in offshore projects and fabrications

Cost Controller (QFAB)


Job Segment: Offshore Oil, QA, Quality Assurance, Energy, Technology, Quality

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