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Cost Controller

Job Requisition No.:  14949
Category:  Shipyard
Reporting structure

Reports to:

Finance Manager

Job Summary and Purpose

Track and report projects’ costs, commitments and forecasts against budget, as well as prepare and present monthly and quarterly financial reports on an accurate and timely basis, and in compliance with applicable laws, rules and regulations.

  1. Deploy and perform an effective cost control process for projects.


  1. Handle the implementation of the cost management programs that reflects accurate project performance in terms of cost reduction and profit improvement.


  1. Track and report projects’ costs and cost centers including commitments, actuals, accruals and forecasts.


  1. Maintain a current overall project forecast to completion, with monthly cost and revenue recognition.


  1. Maintain project cost coding structure and monitor cost movement and variances on WBS level.


  1. Report and investigate the committed costs and activities to-date, actual vs budget, performance and productivity.
Accountabilities - 2

7. Identify and recommend improvement initiatives to enhance the cost control process.


8. Collect and analyze cost data to support performance measurements, projects’ benchmarking and communicate project’s’ performance, issues and deviation to the concern project team.

9. Coordinate with the various departments for their annual budgets and gather their individual budgets into the yearly master budget.

10. Contribute to the consolidation of the yearly Master Budget and its accurate allocation.

11. Prepare yearly audit reports in coordination with respective parties such as the internal audit function, external auditors etc.

Accountabilities - 3

12. Prepare the monthly MIS reports, including but not limited to the P&L, balance sheet and cash flow.

13. Participate in developing the Finance policies, procedures and system, and ensure their proper implementation to support achieving the Company business plan.

14. Ensure compliance with all relevant SHEQ policies, procedures, instructions and controls so that NKOM provides a safe, world class, secure and environmentally responsible service to customers, the public and its own people.

15. Carry out other duties as directed by the Finance Manager.

Achievement Oriented
Collaboration & Teamwork
Customer Centricity
Drive Vision
Empower & Nurture Talent
Interactive Communication
Solution Oriented
Key Result Areas
  • Accurate and timely delivery of monthly MIS and financial reports.
  • Alignment of cost centers and GLs with the reporting and cost control requirements,
  • Extract cost data and assign deviations to their causes.
  • Accurate and timely tracking of all main cost elements at projects and overheads levels.
Interactions and Working Relations


  • N-KOM Operations Department – For projects cost control
  • N-KOM different functions – For budget preparation and consolidation.

Internal Auditors – To conduct required audits and respond to auditors’ requirements. .


  • External Auditors - to provide financial performance overview of operations and other relevant financial material for audit purposes.
Financial Authorities
Qualifications, Experience and Job Skills


  • Bachelor’s degree in Finance, accounting or any other related discipline.


  • 5 years of related experience in projects cost control.

Job Specific Skills:

  • Cost and variances analysis.
  • SAP PS module and excel spreadsheet modeling.
  • MIS reporting
  • International financial reporting standards basic knowledge.

Cost Controller

Department:  Finance

Job Segment: ERP, SAP, QA, Quality Assurance, Technology, Quality