Lead/Senior Cost Controller at Hanwha Ocean Co., Ltd

Singapore, Singapore, Singapore -

Full Time

Start Date

Immediate

Expiry Date

05 Jan, 26

Salary

0.0

Posted On

07 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Control, Project Management, Budgeting, Forecasting, Cost Reporting, EPCI Projects, Communication, Problem Solving, Collaboration, Risk Management, Excel, Leadership, Oil and Gas Industry, Offshore Projects, Change Management, Procurement

Industry

Shipbuilding

Description

Hanwha Ocean is undergoing a transformative journey, evolving from a traditional shipbuilder into a comprehensive Engineering, Procurement, Construction, Installation, and Operation (EPCI(O)) solutions provider, offering products such as FPSO, FLNG, Offshore Renewables and other Floating Production Units. The Offshore Business Division is proud to announce the establishment of new Global Business Centers marking a significant milestone in our journey toward becoming a project-centric and client-driven organization. This strategic expansion enhances our ability to deliver exceptional project execution and knowledge-driven operational models by seamlessly integrating the upstream cultures of Asia, Europe, and America. Explore opportunities to be part of our dynamic team and contribute to groundbreaking projects that redefine the offshore industry.Offshore Business embarks on a journey to transition from a traditional shipbuilder to an Engineering, Procurement, Installation, and Operation (EPCI(O)) solution provider, offering products such as FPSO, FLNG, Offshore Renewables and Floating Production Units. Also, Hanwha Oceans’ Offshore Business Division recently expanded its global footprint by establishing new Global Business in North America and Europe with the intention of becoming a project-centric and client-driven business organization. This transformation aims to offer enhanced project execution and knowledge-driven operational models by bridging the upstream culture of three across Asia, Europe, and America. Together with talented people and through leadership, Offshore Business continues to deliver outstanding performance for our partners, and shareholders by moving into its next phase of growth and success. Explore opportunities to be part of our dynamic team in Asia, Hanwha Offshore Solutions Singapore and contribute to groundbreaking projects that redefine the offshore industry. Resposibilities Leads the organization of cost control rules and procedures specific to initiatives, ensuring overall project consolidation (cost management procedures, booking structure, and rules). Manages cost reporting (budget, actuals, forecast) for projects and analyzing the results. Coordinates with the Cost Control team in central and regional offices, and providing support for budget estimation for new initiatives. Ensures the setup of Project Cost Control for Project Execution Excellence initiatives, aligning with Head Office (HO) Internal standards and project/contractual requirements. Coordinates the cost control efforts for all projects, including studies, bids and proposal, pre-FEEDs, EPCI projects. Works with each discipline leads to obtains and update cost reports showing cost impacts to budgets and forecasts. Gathers project manhours and equivalent manpower histograms and report actual against planned and forecasts. Works closely with finance and accounting ensuring all costs and expenditures are appropriately reported in the cost report. Supports the change management process ensuring changes and variations are reported in the cost report. Supports Project Controls Manager in the development and reporting of business units / department budgets. Reviews cost reports from vendors and subcontractors and update and report cost impacts to project budgets and forecasts. Works with Procurement / Supply Chain in reporting of purchasing budgets and commitments and cost changes on equipment packages. Responsible for the development of CTR’s in support of projects and bid proposals. Works closely with estimating and commercial to gather cost estimates for translation into pricing templates. Works closely with Risk Manager to understand risk threats, opportunities, and its cost consequences and confirm validity of project build-up of contingencies. Works closely with project managers, discipline leads to prepare and update weekly, bi-weekly, monthly, quarterly, yearly project status/progress reports. Supports Project Controls Manager, Risk Manager, Estimating Manager in the development of OBU specifications, policies, and procedures. Performs other duties as requested by Management Requirements Technical/Tertiary education at Bachelor’s Degree level; Master’s Degree is added advantage. Minimum 10 to 15+ years of experience in the oil and gas industry within the Cost Controls function, with a proven track record in leadership roles. Extensive experience in major offshore project execution, demonstrating expertise in overseeing and managing project cost control functions. Strong background in the FPSO/FSO/FLNG sector is highly desirable. Experience in Cost Control management for EPCI projects, including work at the yard, ensuring cost efficiency throughout the project lifecycle. Advanced proficiency in MS Excel and other common computer applications, with the ability to develop and manage complex cost control tools and reports. Exceptional communication skills, both verbal and written, with proficiency in English for report writing, presentations, and effective diplomacy and assertiveness when interacting with stakeholders. Proven ability to independently prioritize and manage multiple tasks in a fast-paced environment, while maintaining attention to detail and meeting deadlines. Strong proactive approach to problem-solving, with the ability to work collaboratively with all team members, departments, and clients to achieve successful project outcomes.

Responsibilities

The Lead/Senior Cost Controller will lead the organization of cost control rules and procedures for projects, ensuring effective cost management and reporting. They will coordinate with various teams to support budget estimation and ensure compliance with internal standards and project requirements.