Project Cost Controller

Gauteng, JHB - Eastern Suburbs
- neg - neg Monthly Cost To Company (Market related)

**Primary Purpose of Role**:Single point of contact for all financial issues relating to the project. Provides all required financial information about the total project, assessing early and measuring financial impact of risks and opportunities. Proactively follow and challenge the project cash flow. Co-pilot to the Project Manager to ensure focus on the achievement of the financial goals of the project.

Education/Training
- Degree in **Cost and Management Accounting / Project Management**:

- A minimum of **5 - 7 years’ experience as a Cost Controller/Cost **Technician in a multidiscipline project environment.
- Experience of working in a **project costing **environment. Percentage of Completion calculations, WIP reporting.
- Computer literacy
- Strong personal commitment to safety.
- Be fully versed with cost control principles, policies and procedures and financial systems.

**Responsibilities**:

- Ensure transparency of the project financials to the Project Core Team and the business, including history, current status and alternative go forward scenarios.
- Build up and up-date the project (forecast at completion) FAC as joint effort together with the Core Team members, ensure its reliability and support PM in FAC evolution analysis
- Project calculation (ensure that project calculations reflect current status of project FAC approved and proposed)
- Input and updating of project calculation in HFM (Hyperion) and aligned in M3
- Working out and updating Budget and Forecast figures of the project in HFM (Hyperion)
- Review and Analysis of Estimated-at-completion calculation of the project for Budget, Forecast and Actual in HFM (Hyperion)
- Review and Analysis of variances between Budget, Forecast and Actual figures and comment on them in monthly Reporting - especially Sales POC, Margin and Free Cash flow
- Review and Analysis of contract related Balance sheet items with the target of a minimization of Utilized Assets (Inventory levels, Advance Payments, Accounts Receivables)
- Invoice and payment control (Receivables)
- Cash-Flow Management (i.e., input of project figures in Cash Planner)
- Hedging activities in cooperation with Treasury (if necessary) (FX Planner)
- Track project related savings activities
- Control of Warranty Provisions to the end of the project
- Insurance cases (freight, maintenance, third party, etc.)
- Require and supervise securities by the Customer (letter of credit, bank guarantees)
- Coordinate commercial affairs of internal partners, i.e., check of inter-company Sales and Purchases (Sisco’s matching)
- Provide input parameters for Bid Approval Process and support tender activities for variation orders all costs related to headcount have to be reviewed in cooperation with HR and Core Team members controlling direct and indirect hours and the impact on the project considering project target costs
- Procurement / Engineering: Quantify impact of change orders (profitability calculation), assess impact on the different cost items in the calculation, i.e., Bill of Material and Engineering hours
- Maintain an appropriate level of contingencies
- Provide Project Non-Conformity Cost (NCC) Report, validate impact of NCC improvements (retrofits)

Leadership duties within the Project Core Team
- Lead and hold the Project Core Team members accountable in meeting and/or improving on their budgets
- Commercial Reporting - especially working out and updating finance related charts of the monthly reports (PPR charts)

Specific responsibilities to other Project Core Team roles
- To the Senior Finance Manager: Support Risk, Opportunity, and Improvement processes by quantifying/assessing project-related risks/exposures/opportunities on an ongoing basis
- To the Project Manager: collaborate with and keep Project Manager continuously updated on project financials and upcoming risks & opportunities.

Essential work skills
- Proven experience in a large ERP system (Oracle preferable)
- Demonstrated ability to work on multiple projects concurrently
- Ability to work effectively with mínimal supervision whilst consistently producing a high-quality deliverable, within budget and schedule constraints.
- Well-developed written and verbal communication skills.
- Demonstrate an ability to work autonomously and collaboratively with colleagues across all business units.
- Demonstrate the ability to work efficiently in a team and knowledge sharing environment.
- Demonstrate good interpersonal skills and a practical approach to solving problems.
- Demonstrate a commitment to continued professional development.
- Personal qualities of integrity, credibility, and commitment.

For more information please contact:

- stephane francis