Senior Cost Controller - Financial Planning & Analysis

Job Overview

The Senior Cost Controller will be responsible for overseeing comprehensive cost management and financial analysis related to rig operations, ensuring precision in cost reporting, budgeting, and billing processes. This role demands collaboration with multiple departments to enhance financial planning accuracy and operational efficiency.

Operational Cost Control & Reporting

• Supervise the preparation and assessment of rig-level accounting records, operational cost statements, and financial analyses to guarantee precise cost recognition and transparent reporting.
• Track operational expenditures, allocate costs, manage accruals, and oversee rig financial activities aligning with budgets, accounting standards, and finance policies.
• Conduct detailed analysis of operational and financial performance across rigs to identify trends, risks, and possible cost-saving measures.
• Compile and present cost analyses and performance summaries to management facilitating consolidated financial decision-making.

Budgeting, Forecasting & Financial Planning

• Assist in coordinating budgeting, forecasting, and financial planning by liaising with Operations, Technical, Supply Chain, and other stakeholders.
• Evaluate budget consumption, forecast premises, and expenditure patterns to maintain financial control and precise planning.
• Perform profitability reviews and operational assessments to inform business strategies.
• Design, sustain, and refine financial models, schedules, analytical instruments, and long-term financial plans aligning with strategic aims to advance cost control and business performance monitoring.
• Review monthly rig Profit & Loss accounts, validate accruals, and ensure accurate operational cost recording promoting financial integrity.

Billing & Revenue Management

• Manage billing procedures for assigned assets through thorough review of cost data, supporting documents, and contracts ensuring billing accuracy and timeliness.
• Validate invoices and charges prior to issuance to maintain compliance with agreements.
• Collaborate with Finance, Operations, and Commercial teams to address billing disputes, cost allocation concerns, and reporting issues.

Reporting & Cross-Functional Partnership

• Analyze monthly financial outcomes, variances, operational dashboards, and management reports to spotlight key drivers, trends, risks, and improvement opportunities.
• Engage with cross-departmental teams including Operations, Technical, Supply Chain, and HR to support financial reporting and business performance initiatives.
• Provide detailed management reports with actionable insights and KPI analysis to enhance operational efficiency and cost reduction.

Compliance, Systems & Process Optimization

• Ensure adherence to accounting principles, finance protocols, reporting standards, and internal controls within all assigned functions.
• Leverage ERP and financial systems proficiently for accurate cost tracking and reporting.
• Contribute to ongoing enhancements in cost control techniques, reporting procedures, and system utilization.

Leadership & Team Guidance

• Direct and support junior cost control team members through technical guidance, quality reviews, and daily task management.
• Encourage teamwork, compliance with finance practices, and discipline within the cost control team.