Cost Control Services

We are looking for Cost Control Services for one of our clients with the following details:

Location: Paris, France (with missions to Hamburg, Germany)

Planned Start Date: 01 April 2024

Contract Duration: 12 months

Qualification and Experience Required:

• Bachelor's degree in business management or similar, or corresponding professional experience.
• Advanced expertise in offshore project Cost control.
• Project developments knowledge and experience, with partners, and reporting interfaces.
• Knowledgeable and expertise with cost engineering principles and methods including budgeting and forecasting, change management, management systems/procedures, Cost and Work Breakdown Structures, Earned Value Systems and contingency management.
• Requires team spirit with ability to work closely with various stakeholders including but not limited to diverse international teams, Finance, accounting, vendors & subcontractors, affiliates, HQ, etc.
• Experience with Cost Control tools: MBC, EcoSys, Excel, PowerBI, and any other commercial project cost control tools.
• Experience of Industry and/or company Cost Control, Contingency rules/procedures
• Ability to take ownership of projects and tasks, work independently and follow through on assignments with minimal direction.

Activities

• The service provider will primarily be responsible for supporting the Cost Control Lead on cost administration (approval, invoice processing), cost control processes, implementation of Budget & Cost Management tool, integration of cost data, reporting (i.e. cost reporting, forecasts, commitments, budgets, VOWD, variance analysis, contingencies, period close & reconciliation, earned value progress, trend analysis, invoices processing, etc.) by working with project stakeholders (i.e. project team, HQ, Finance & JVA, vendors & subcontractors, partners, etc.):

The Service Provider shall:

• Manage the invoicing process, check and approvals with suppliers and the Finance and Accounting support teams in accordance with the Cost Control processes and procedures as required by the project.
• Liaise actively with Finance Department for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes...) and to ensure strict confidentiality of all the Budget and Cost documentation.
• Participate to the implementation of a new Cost Management tool and data migration.
• Support to establish Cost Control procedures as per internal and international standards.
• Support contracts and procurements for bidding, tendering, contract selection, and change management as required.
• Participate to the review, monitoring and analysing of committed, expended, earned values, and forecasted costs for package against approved budget and approved changes.
• Support in the preparation of the monthly cost reports and interfaces with the ERP (Microsoft Business Central)
• Ensure variances, incurred, committed, budgets, and forecasted costs are properly explained and communicated to the project team, including preparation of related s-curves.
• Participate to the implementation of the Management of Contingency process, including management reserve, and approved changes to project budget.
• Analyse, track, and report project (or contract specific) financial KPIs, and communicate their status to the project team
• Prepare Monthly Cost report summarizing past month main cost activities and cost status at month closure (supported with commitments, VOWD, Invoicing, variance analysis and contingencies spent analysis)
• Perform other tasks and take on additional duties as reasonably assigned by Cost Control Lead, Project Control Manager and/or project management team.
• Service provider will be responsible to provide Cost Control feedback to relative departments in the interest of continuous improvements.
• Service provider shall demonstrate an exemplary behavior with regard to HSSE rules & requirements, with regards to the Company Ethics and "Code of Conduct" policy and for implementing and controlling these rules and requirements within the said area of responsibility.

If Interested Kindly apply.