Cost Controller

Role Overview

Cost Controller at Samsung E&A. This is a project-based role supporting engineering and construction cost control activities within a specialized EPC company operating globally across Oil and Gas, Refinery, Petrochemical, Energy Transition, Environmental, Industrial and BIO sectors.

Company Overview

Samsung E&A is a specialized EPC company providing comprehensive solutions across the plant industry. With 50 years of pioneering experience in the Korean plant industry, the company has successfully delivered numerous projects worldwide and grown into a globally competitive engineering firm. Services span feasibility studies, engineering, procurement, construction, commissioning and operations and maintenance across Oil and Gas processing, Refinery, Petrochemical, Energy Transition, Environmental, Industrial and BIO areas.

Role Purpose

The Cost Controller plays a key role in engineering and construction project cost control. The position requires understanding of diverse field concepts, practices and procedures, and strict compliance with applicable law. The role ensures accurate cost tracking, financial reporting, and cost control program implementation across all project phases.

Key Responsibilities

Cost Control & Planning

• Perform or supervise project and construction cost control activities.
• Develop cost control programs and coordinate integrated cost control activities under standard procedure and system.
• Perform basic project and construction cost control activities in accordance with approved procedure.
• Collect manpower, work volume and schedule to estimate cost effectively.
• Analyze committed costs and activities to-date, comparing actual versus budget performance and productivity.
• Review monthly forecasts to complete, any deviation from baselines and the effect of corrective actions taken by PM/CM.
• Monitor subcontracts and other significant items for progress and value of work done.

Financial Reporting & Documentation

• Produce routine project and construction cost and financial reports for submission to field control manager and construction manager.
• Assist to produce cost report.
• Prepare Construction 3 months cash flow forecast.
• Prepare client invoice.

Invoicing & Payment Processing

• Support customer payment application and invoicing process by preparing payment applications accurately and on time.
• Receive and check subcontractors' invoices.
• Receive and check Materials, Services, Rental Manpower and Equipment invoices.
• Review monthly the Progress Payment Certificate of the Subcontractors in accordance with Subcontract BOQ (Bill of Quantity and Rates).

Cost Analysis & Change Management

• Calculate and record cost impact caused by change order.
• Estimate and record the cost of back charge to subcontractors.
• Organize change order history to analyze cost impact.
• Review Sub-contract Agreement, Purchase Order, Change and Work Orders, especially price and unit rate.

Procurement & Vendor Management

• Review whether vendor's estimation is reasonable and meet SENA's requirements.
• Receive vendor's estimation.
• Research material price and cost of subcontractor tendency.

Systems & Data Management

• Operate SAP including V/O, P/R, P/O Creation, Invoice Posting, Bond Registration.
• Operate Cube MDG for Vendor Registration.
• Interface with accounting, procurement, engineering and other groups where necessary for the implementation of common cost coding and work breakdown structure across the project.

Contract & Stakeholder Management

• Develop the contractual requirements relating to cost control and estimation, invoicing of payment and variations to be stipulated in the agreements.
• Verify bottleneck of collecting money and set up resolution.
• Liaise with EPC and Installation functions to maintain awareness of project and construction activities and their impact on project and construction budget, schedule and cost forecast.

Qualifications & Experience

• Cost control experience.
• Project-based cost control experience gained within the Oil and Gas industry or Petrochemical industry.

Skills & Competencies

• SAP system operation and data structure knowledge.
• Intermediate-to-advanced Microsoft Office skills, especially Microsoft Excel.
• Comprehensive knowledge on overall cost control.
• Knowledge in Contract and Subcontracting.
• Knowledge in Correspondence such as letters.
• Analytical thinking with demonstrated talent for planning, initializing and implementing operational procedures and streamlining complex work procedures.
• Technical strength in project cost planning, scheduling, calculation and reporting.
• Planning and Scheduling.
• Cost Management.
• Resource Management.
• Quality and Safety Management.
• Progress Management.
• Client Management.
• Inter-department Coordination.
• Document Control.
• Risk Management.
• Team lead and collaborator in any task to be assigned.

Additional Information

Benefits

• Accommodation.
• Transportation.
• Flight Tickets.
• Medical Insurance.

Samsung E&A follows fair and merit-based recruitment practices. The company does not charge any fees during the recruitment process.