The Project Controller will be responsible for accurately summarizing and forecasting project costs on an ongoing basis, with regular updates of percentage completion and fee schedules, along with monitoring each phase of project to ensure the project remains within financial guidelines The role will interface regularly with corporate accounting and the Project Management Team; as well as contractors, vendors, consultants, partners, lenders, and other parties involved.
Duties and Responsibilities
Understand and report on the cash flow position of the project
Track, Analyze and Report: project budgets, commitments, value of work done, actuals, forecasts, variances and project change management on a monthly, quarterly and annual basis.
Collect, review and assess project cost commitment and expenditure information for each scope of the project to ensure accuracy and consistency.
Liaison with project team members and other departments to review and analyze cost data. Ensure accuracy and consistency of data for the purpose of project cost tracking and forecasting.
Evaluate existing cost control methods. Make recommendations for improving procedures, systems and tools. Implement improvements as appropriate.
Produce regular cost reports and advise management of any forecast cost overruns. Provide variance explanations and possible recovery plan actions
Review and advise on proper coding of all project invoices, proactively work to resolve discrepancies.
Assist with the preparation, processing and tracking of contract Change Orders
Coordinate payments to vendors and subcontractors
Process expense reimbursement
Track internal and external invoicing and reconciliation of cash receipts and retention.
Track subcontractor invoicing, payments and reconciliations
Review and approve Purchase Order Requisitions in alignment with budget and track P.O.s in system
Monitor the financial 'health' of the project and raise the 'red flag' when a negative impact or condition arises
Qualified candidates for this role will have the following:
Bachelor"s Degree in Accounting, Finance or Construction Management or related field is preferred.
Minimum of ten (10) years of professional experience as a cost controller/analyst in a construction or engineering environment preferably in Refineries, Terminal, Chemical Plant, Pipeline or similar field in the energy, utility or construction sectors.
Large Cap project experience ($500mm+)
Must possess in depth knowledge of all accounting processes involved in construction and development projects; with a primary focus on budgeting, billing, payment, cost control, cost tracking, and cost forecasting; along with projections, accruals, and billing of fees, audit requests, and financial project closeout.
Familiarity with construction and consultant contracts.
Ability to communicate well with others in verbal and written communication and can express financial information in a format that the team can understand
Knowledge of Job Cost/Project financial tracking software preferred.
Ability to work under tight monthly financial reporting deadlines.