Pavas
full-time
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Modec Offshore Production Systems (Singapore) Pte Ltd is a leading provider of solutions to the Floating Offshore Oil & Gas market for more than 50 years. Being part of Modec means being the protagonist of a challenging career and being in touch with the latest deep-water production systems, knowing that your career begins in Singapore, but your talent can take you anywhere in the world.
If you want to be one of the greatest in the market, this is your opportunity!
We are currently looking for talented individuals to join us for below role
Lead Cost ControllerWe are currently based at Metropolis, Buona Vista, Singapore.
Overall Job Purpose
To lead a team of cost controllers to efficiently perform the cost control process for the assigned project(s), including regular project cost status reviews, cost variance analysis and reporting to relevant stakeholders.
Core Responsibilities
Coordinate all efforts to collate and compile the necessary information to support timely cost data consolidation, analysis and reporting.
Develop the project cost control procedures in accordance with project requirements and corporate standards, and ensure proper implementation in the course of work.
Develop and maintain detailed cost control plans using Company tools and best industry practices; organize and maintain the integrity of cost information being collected.
Set-up Cost Breakdown Structure and allocate budget, resources, and any other data required into the system.
Lead the derivation and consolidation of commitments and actual costs by ensuring proper data collection from various systems and offices, i.e.: ERP system, timesheet system, construction yards database, etc.
Review, analyze and update accurate forecasts of the assigned project(s) by using company standards and best industry practices.
Conduct cost performance analysis, including variance, productivity and Earned Value analysis
Ensure regular reporting is produced and distributed to relevant stakeholders as per company and projects requirements, providing details on control budget, commitments, actuals, forecasts, reasons for deviations, and suggested mitigation actions.
Lead the reconciliation with accounting system and accruals derivation; manage the interfaces between Cost Control (cost controllers and/or cost engineers) and Finance (cost accountants) by defining responsibilities, timing and interface document or information.
Provide information for currency hedging to Finance.
Review and analyze Change Order requests and/or potential variations that impact project budget and forecasts, and maintain appropriate register.
Establish appropriate coordination with other project functions to ensure compatibility with the Cost Control requirements and timely flow of the information.
Contribute and participate to the Project Risk Management process by providing cost input and identifying potential budget and forecast impacts for risks’ occurrences.
Perform cost risk quantitative analysis to define accurate contingency reserve by using company tools and best industry practices.
Mentor, train and develop cost control staff as required.
Assist in goals setting and performance review of assigned project cost control team members.
Collate and submit lessons learnt and historical data to relevant stakeholders.
Part of the MODEC Group, MODEC in Singapore provides engineering design and consultancy services to support oil and gas extraction and offshore exploration activities. The Engineering, Procurement, Construction and Installation (EPCI) of Floating Production Storage and Offloading (FPSO) vessels and other floating production systems is handled by MODEC Offshore Production Systems (Singapore) and Offshore Frontier Solutions, the latter a joint venture company formed by MODEC Inc. and Toyo Engineering Corporation in 2022.
A new execution center has been opened in Kuala Lumpur, Malaysia, as part of the company’s expansion plan to continue extending our capabilities and services to support our clients. OFS has also partnered with Toyo India to establish OFS India in Bengaluru, India. OFS India will execute Front End Engineering & Design (FEED) and detailed engineering, and provide procurement support for the topsides of FPSO projects, among its primary business activities.
We aim to safely deliver and operate high-quality, innovative and environmentally friendly floating solutions for the Oil & Energy sector through excellence in execution and cutting-edge technology.
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