Cost Controller at a Multinational Oil and Gas Company - Maventeq Systems Limited

Maventeq Systems Limited - Our client, a multinational Oil and Gas company in Nigeria, is currently recruiting suitably qualified candidates to fill the position below:

Job Title: Cost Controller

Location: Lagos
Service Division: Projects, Operations and Asset Maintenance
Reports To: PPS Manager

Job Purpose

• This position shall be responsible for developing, implementing, and maintaining detailed cost management systems to ensure project execution aligns with the established budget and forecast.
• The Cost Controller shall provide critical, forward-looking analysis and data-driven insights to support proactive decision-making by company executive management.

Key Responsibilities & Duties

• Shall develop and maintain the project's Cost Breakdown Structure (CBS) and establish the official cost baseline for all company projects and operations.
• Shall create detailed cost estimates for all project phases and prepare accurate forecasts (Estimate at Completion - EAC) to predict final project costs.
• Shall conduct Earned Value Management (EVM) analysis to measure project health using key indices (CPI, SPI) and assess schedule and cost performance.
• Shall implement and manage robust ERP systems (SAP, Odoo, etc) to track all project commitments, expenditures, and accruals against the approved budget.
• Shall identify, analyze, and report on cost variances, determining root causes and recommending corrective actions to management.
• Shall quantify the financial impact of project changes and trends, ensuring all impacts are captured in the Management of Change (MoC) process and budget updates.
• Shall work with the project and operations team to quantify financial risks and opportunities, and monitor the use of contingency funds.
• Shall generate timely and clear cost reports, dashboards, and presentations to communicate financial status and projections to company management.
• Shall utilize the company's ERP (SAP, Odoo, etc) and project controls software as the primary tools for all cost management and reporting activities.
• Shall provide proactive, data-driven insights to support decision-making, offering early warnings of potential cost overruns and identifying cost-saving opportunities.

Key Performance Indicators (KPIs)

• Accuracy of cost forecasts (Variance between Forecasted EAC and Final Actual Cost).
• Accuracy and timeliness of Earned Value Management reporting.
• Effectiveness in early warning of cost overruns and identification of cost-saving opportunities.
• Quality and clarity of cost analysis and reporting.
• Adherence to project controls procedures and the ICMS framework.

Qualifications & Experience

• Education:Bachelor's degree in Engineering (Civil, Mechanical, Chemical, or similar) is required. A post-graduate qualification in Project Management or Finance is an advantage.
• Experience:Minimum of 5-7 years of experience in a cost engineering or project controls role within the Oil & Gas, Energy, or heavy construction industry.
• Technical Skills:
  • Expert knowledge of cost engineering principles, Earned Value Management (EVM), and risk-based forecasting.
  • Proficiency in using ERP systems (SAP, Odoo, etc)and advanced project controls software.
  • Advanced skills in data analysis and visualization tools (e.g., Microsoft Excel, Power BI).
  • Strong understanding of project scheduling principles and their integration with cost control.

Competencies & Behavioural Attributes:

• Strong numerical and analytical skills with the ability to interpret technical data and its financial implications.
• A forward-looking approach, constantly seeking to identify trends and potential issues before they impact the budget.
• Meticulous attention to detail and a rigorous approach to data integrity and process.
• Ability to translate complex cost data into clear, actionable insights for the project team and management.
• Effectively collaborates with project managers, engineers, planners, and procurement specialists to achieve integrated project outcomes.

Application Closing Date
27th October, 2025.

How to Apply
Interested and qualified candidates should send their CV to: careers@maventeqsystems.com using the Job Title as the subject of the email.

Note: Only candidates who meet the job requirements will be contacted.