Job For Senior Cost Controller at Subsea 7

Subsea 7 is a world-leading seabed-to-surface engineering, construction and services contractor to the offshore energy industry. We provide cost-effective technical solutions to enable the delivery of complex projects in all water depths and challenging environments.

We are recruiting to fill the position below:

Job Title: Senior Cost Controller
Vacancy ref: 59123
Location: Lagos
Reporting To: Project Control Manager
Business area: Surf and Conventional
Working hours: 40 hours per week
Job type: Contract

Job Description

  • The Senior Cost Controller reports to the Project Control Manager.
  • He/she is vested with the responsibility to assist the Manager/Department in the discharge of his day to day tasks.
  • This role shall be executed within the utmost respect of Company’s procedures, Code of Business Conduct and Core Values.
  • All personnel are expected to contribute to creating a positive HSEQ culture within Subsea 7 and ensure familiarity with and adherence to local HSEQ codes and practices.
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Specific Key Responsibilities & Activities
Project Logistic Operation Reporting:

  • Manage SAP/Cobra Structure
  • Manage the phasing of Logistics costs (ACWP/ETC)
  • Periodic review of Logistics budget and justification of additional costs with Lead/PCM/POM/PM
  • Tool Update – Load Budget in COBRA (Cost Control/Budgeting software)
  • Follow-up logistic file for Nigeria and outside(Example….Gibraltar, Onne/PHC, SNI)
  • Follow-up Crew change + Accommodation + Feeding + Travel + PIT for all offshore personnel
  • Follow-up Handling + Trucking + Port Dues + Freight Forwarding
  • Follow-up on actual postings and commitments in SAP

Project Management Team Manning Reporting:

  • Update Man-hours follow-up File, with extract SAP “CADO” and re-estimate from Budget Owners (Forecast)
  • Manage SAP/Cobra Structure for Man-hours collection
  • Define ACWP (Sap actuals + Estimate missing) and ETC(update MOB/DEMOB dates)
  • Periodic review of PMT budget and justification of additional costs with Lead/PCM PM
  • Update Follow-up Travel Expenses, Environment Recharges for Expat & Missions, Personnel PIT, IT and Offices Recharge
  • Follow-up on Management Fee recharges
  • Tool Update – Load Budget in COBRA
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Project Revenue Reporting On Reimbursables:

  • Supplier Invoices collections, identification, WBS/NWA Allocation (SAP), send for approval.
  • Reimbursable Time Sheets collections
  • Follow-up on Cost Register (WBS & re-invoicing) for proper identification of reimbursable items
  • Update Contract Department on items/costs due to be reimbursed

Project Financial Accounting Reporting:

  • PFA check Accruals registered ( ACWP Estimated = Actual + Provision)
  • Matching ACWP/SAP per Currency and Company
  • Correct, if required, ACWP and/or SAP (Accrual Journal entries)
  • ACWP/SAP Variance justification(Accrual)
  • Follow-up POC monthly estimate and calculation
  • POC Variance explanation to Group
  • Participate to the preparation of the tax reporting

Other Task/Reporting:

  • Administrative/Monthly SharePoint Audit/COSA/Hard Copy Filing PMSR
  • Weekly Cost Control Meetings/Cost Control Reports
  • Prepare and Supply information to Auditors with Management authorization
  • Give feed-back to Estimating Department during Project execution and at the end when required
  • Exchange information with Countries and Departments
  • Support to reporting Department.
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Key Relationships/ Stakeholders

  • External Auditors


  • Project Team (Contract, Operations, SCM…)
  • Treasury Team
  • General Accounts
  • Global Finance

Person Specification

  • A University Graduate (B.Sc) or HND Graduate in Accounting/Finance with a minimum of 5 years’ cognate experience,
  • Enjoy building relationships in a team oriented environment,
  • Experienced multitasker, with a focus on effective prioritization,
  • Ability to utilize knowledge and previous experience to contribute and assist in meeting the Group’s objectives,
  • Good command of Pack office / SAP.
  • Cost Control prior experience in Oil and Gas industry is a must
  • Highly motivated and ability to work under pressure,
  • Excellent verbal and written communication skills,
  • Strong organization, analytical, and project management skills,

How to Apply
Interested and qualified candidates should:
Click here to apply

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