Cost Controller

Description

• Perform cost control and reporting for the entitys assets, ensuring comprehensive and accurate reporting to management.
• Collect data and information for the annual budget/AFE in collaboration with technical leads and budget owners.
• Monitor ongoing technical costs, propose revised forecasts based on the latest work scope, and provide variance analyses as needed.
• Conduct ad hoc budget reviews and variance analysis for management and HQ.

Invoice Verification and Budget Updates

• Verify invoices to ensure timely payments, including PO/Contract alignment, request for services, tariff adherence, and service realization.
• Update budgets to reflect accurate financial data.
• Prepare all required documentation for month-end closure (e.g., accruals, SKF).

Monthly Reporting

• Compile monthly cost reports with variance analysis to support technical managers in managing budgets and costs.
• Prepare monthly management reports in collaboration with HQ.
• Collaborate with the stock control/logistics team to integrate stock movements (received, transferred, or returned) into accounting records for accurate well cost reporting.

Commitment Review and Reconciliation

• Review commitments to ensure the accuracy of cost objects, contract amounts, currency splits, and other financial data.
• Maintain records and processes to track advance payments to contractors and vendors.
• Perform reconciliations with accounting and exploration reporting systems.

Collaboration and Process Improvement

• Work closely with technical teams (e.g., Drilling, Logistics, Exploration, Operations) to understand and follow up on allocated costs and cost re-invoicing.
• Implement control processes and tools, providing recommendations to improve financial reporting efficiency and quality.
• Leverage SAP and BW systems to automate and integrate reports and controls.

Additional Responsibilities

• Maintain strict confidentiality in all financial and operational matters.
• Participate in HSE trainings, adhere to internal policies, and report any anomalies.
• Perform other duties as delegated.

Accountabilities

• Ensure cost control is performed in compliance with group standards and requirements.
• Deliver reliable, high-quality cost control and reporting.

Requirements

• 58 years of experience in a costing role, preferably in the oil and gas industry.
• Diploma/Certificate in Accounting or Finance is an advantage.
• Proficiency in Microsoft Excel.
• Knowledge of SAP is an advantage.
• Strong ethics, reliability, and analytical skills.
• Excellent active listening and presentation skills.

Closing date - 21 January 2025