Cost Controller
Role Overview
The Cost Controller monitors, analyzes, and reports the financial performance of Major Projects, ensuring alignment with budgets, forecasts, and Company financial policies.
The role supports the Project Team with accurate cost tracking, variance analysis, and timely reporting to enable informed decision-making and financial control throughout the project lifecycle.
Key Skills for This Role
Full Job Posting
Job Purpose
The Cost Controller monitors, analyzes, and reports the financial performance of Major Projects, ensuring alignment with budgets, forecasts, and Company financial policies.
The role supports the Project Team with accurate cost tracking, variance analysis, and timely reporting to enable informed decision-making and financial control throughout the project lifecycle.
Cost Planning & Budgeting
- Support development and maintenance of the Project Cost Breakdown Structure (CBS) aligned with the Work Breakdown Structure (WBS).
- Support preparation of project budgets, funding requests, and cost estimates across engineering, procurement, construction, and commissioning phases.
- Coordinate with discipline leads and discipline managers to ensure cost plans reflect scope, schedule, and resource requirements.
- Assist in establishing baseline budgets and monitor changes throughout the project lifecycle.
Cost Monitoring & Performance Analysis
- Track and report actual costs, commitments, and accruals against approved budgets.
- Analyze cost variances and trends and recommend corrective actions to mitigate overruns.
- Implement and maintain Earned Value Management (EVM) metrics such as CPI and TCPI.
- Support the Senior Cost Control Engineer in preparing and presenting monthly cost reports, forecasts, and executive summaries for project leadership and stakeholders.
Invoice & Payment Validation
- Review and validate EPCC Contractor and Subcontractor invoices against contractual terms, progress, and deliverables.
- Coordinate with Procurement, Finance, and Project Controls to ensure timely and accurate payment processing.
- Maintain auditable records of invoice approvals, payment status, and financial commitments.
Reporting & Documentation
- Prepare cost input for Project Monthly Reports, Steering Committee presentations, and internal reviews.
- Maintain centralized and auditable records of cost data, forecasts, and historical trends.
- Document and submit Lessons Learned related to cost control and financial management.
Educational Qualification & Experience
- Minimum 15 years' experience in Fertilizer or Petrochemical Major Projects Execution.
About ISS INTERNATIONAL SpA
Provides integrated engineering services for the energy industry.
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