Cost Controller at Iteka Integrated Services Limited

Iteka Integrated Services Limited is a global provider of integrated services to the Energy, ICT, Financial and the Real Estate sectors. Services provide include – engineering, procurement and technical services (EPTS), consultancy services, ICT and related services, and financial advisory and management.

We also provide real estate development, Investment advisory and consultancy services as well as manpower supply and human capital development services. Iteka, an idea hub initiative of its founders, is headquartered in Lagos Nigeria. Ours is a fast-growing reputation with a wealth of experience and a team of resourceful professionals with combined work experience that cuts across the energy, oil and gas, finance, ICT, and real

We are recruiting to fill the position below:

Job Title: Cost Controller

Location: Nigeria

Description 

• The Cost Controller is responsible for managing and monitoring all financial aspects of projects within an organization.
• This includes developing cost-tracking systems, analyzing financial performance, preparing reports, and ensuring compliance with budgetary constraints.
• The role requires close collaboration with project managers, engineering teams, procurement, and finance departments to ensure effective cost management.

Key Responsibilities

• Responsible for controlling and monitoring project total expenditure including verifying of invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded.
• Prepare and evaluate cost estimates, forecasts, and financial plans for projects.
• Assist in the development of the overall project control strategy.
• Monitor project expenditures to ensure they align with the approved budget.
• Prepare regular cost reports and variance analyses to inform management and stakeholders.
• Analyze financial performance against budgets and provide recommendations for improvement
• Evaluate the financial impact of changes in scope, schedule, or project requirements.
• Assist in the development and management of Change Orders and negotiate terms with subcontractors and supplier.
• Collaborate with project teams to enhance understanding of financial risks related to project execution.
• Work closely with procurement teams to ensure that all materials and services are purchased within budget.
• Track procurement costs and provide insights to optimize allocation.
• Maintain accurate and organized financial records and documentation for all projects.
• Ensure timely and accurate billing processes and cost allocation.
• Collaborate with multi-disciplinary teams including contracting, engineering, and finance to support decision-making.
• Provide cost-related advice and expertise to project teams and stakeholders.

Qualifications

• Bachelor’s Degree in finance, accounting, engineering, or a related field.
• 10-15 years of work experience in an EPC Company
• Relevant professional certifications (e.g., Cost Engineer/Cost Analyst certification) are a plus
• Proven experience in cost control, project controls, or financial analysis within an EPC environment.
• Strong knowledge of project management processes and cost control techniques.
• Proficiency in cost control software and tools (e.g., SAP, Primavera P6, MS Excel).
• Excellent analytical skills and attention to detail.
• Strong communication and interpersonal skills, with the ability to work collaboratively in a team.

Application Closing Date
Not Specified.