Job Summary
Responsible for developing, monitoring, and controlling project cost structures to ensure accurate cost tracking and effective financial management throughout the project lifecycle. This role involves preparing periodic cost reports, analyzing cost variances, forecasting project costs at completion, coordinating with the Accounts Department on cost allocation and invoicing, and advising project leaders on potential cost overruns. Additionally, the position supports cost estimation for change requests and proposals, maintains project cost databases and documentation, and continuously improves cost control procedures to enhance project financial performance and support future project estimations.
Key Responsibilities
Task and Responsibilities :
- Develop Generic Projects Cost Structure based on estimation budget provided by Paxocean Commercial Department.
- Record/extract Committed/Spent Cost to-date for Direct Costs for:
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- Resource cost from Mariner or other timesheet systems.
- Other direct project costs such as consultancy work, software, travel, meals etc. by receiving copies of Purchase Orders or Expense Claim Forms.
- Liaise with Accounts Department to charge company’s overheads (indirect costs) according to company’s overhead allocation system/procedures.
- Generate monthly cost reports in tabular and graphical formats for each project in Primavera/Mariner or other tools
- Revise project cost estimate at the end of every reporting period to generate ‘Forecast At Completion’.
- Facilitate and provide information to Accounts Department for accrued invoices at required frequency or predetermined project payment milestones so the invoices can be issued to the clients and maintain Invoice Register.
- Perform cost analysis and advise project leaders on cost over-runs in a timely manner so the corrective actions can be taken.
- At the time of project completion, record cost information in project database (Primavera’s Methodology Manager or any other tool, as required) using standard cost structure and utilise this cost database for future project cost estimation.
- Maintain electronic and hard copy filing for project cost reports and other cost related documents.
- Assist in preparing cost estimation, tracking and control procedure and continuously look at the ways of improving processes and revise procedure accordingly.
- Prepare Cost Estimation for Change Request/Proposal, settlement of Change Request/Proposal with clients in a timely manner.
- Any other duties that may arise from time to time which fall within the parameters of this role, for which the incumbent has the necessary skills and competences
- To follow the Safety Rules and Regulation set refer to Occupational Health & Safety Policy and Environmental Policy by the yard
Key Requirements
Preferred Competencies:
- Possess a degree or diploma Naval Architectures, Mechanical engineering, Marine engineering or its equivalent.
- Minimum 3-5 years’ experience in the marine and offshore industry for same positions.
- Able to read, comprehend and review of engineering/constructions drawings.
- Good working attitude and smart working.
- Negotiation skills, financial knowledge
- Technical knowledge of ship building process and vessel specification.
- Understanding of Commercial terms and conditions
Ability to communicate/write in English and Indonesian language.
