Cost Control Manager at ENG Rypac Limited

ENG Rypac Limited (a member of the HY Group Company) is a wholly Nigerian-owned Company incorporated in the year 1999 with the Corporate Affairs Commission (CAC) as a dynamic vehicle for the exploitation of the potentials offered by the Nigerian oil and gas industry in direct response to the government's determination to maximize indigenous participation in the sector.

We are recruiting to fill the position below:

Job Title: Cost Control Manager

Location: Bonny Island, Rivers
Employment Type: Contract

Job Summary

• The purpose of this position is for the monitoring and managing financial expenditures within an organization.
• He will analyse costs, identify potential overruns, and implement strategies to control expenses, contributing to effective financial management.

Responsibilities
Strategic Tasks:

• Develop and implement cost planning strategies for Oil & Gas fabrication projects, including detailed estimates, budgets, and forecasts.

Operational Responsibilities:

• Oversee and manage project budgets, ensuring alignment with project plans and financial goals.
• Implement effective cost control measures to monitor, analyze, and report on project expenditures, identifying areas of variance and proposing corrective actions.
• Conduct in-depth financial analysis to assess project performance, cost trends, and potential risks, providing insights to support decision-making.
• Prepare accurate and timely financial forecasts, considering project milestones, deliverables, and potential changes in scope.
• Conduct regular variance analysis comparing actual costs against budgeted costs, providing explanations for any discrepancies.
• Assess the financial impact of changes in project scope or requirements, working closely with project managers to evaluate and approve change orders.
• Generate and present comprehensive cost reports to project stakeholders, highlighting key financial metrics, trends, and potential risks.
• Collaborate with project management, procurement, and other relevant teams to gather cost-related information and ensure alignment with project objectives.
• Ensure compliance with relevant financial regulations, company policies, and industry standards.
• Identify opportunities for process improvement in cost control and reporting methodologies, implementing best practices to enhance overall efficiency.

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Business, or a related field
• As a minimum he shall have 10 years’ experience in cost control, project finance, or related roles, with a focus on Oil & Gas fabrication projects and construction engineering in the oil and gas industry.
• Solid understanding of Oil & Gas fabrication processes and associated cost structures.
• Proficiency in financial management and project control software tools, such as SAP, Oracle, or equivalent.
• Strong analytical and problem-solving skills to interpret financial data, analyze trends, and provide actionable insights.
• Excellent communication skills to convey complex financial information to both finance and non-finance stakeholders.
• Attention to detail in financial analysis, budgeting, and reporting to ensure accuracy and reliability.
• Ability to adapt to changing project requirements and financial circumstances.
• Proven leadership skills, including the ability to lead and mentor a team of cost control professionals.
• Effective negotiation skills for managing contracts, change orders, and cost-related issues with suppliers and contractors.

Application Closing Date
4th October, 2024.