Project Cost Controller
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The role is part of an integrated project controls function across multiple locations, reporting to the Project Controlling Manager and with a functional reporting line to the Head of Controlling. As Project Accountant & Controller you will play a pivotal role in ensuring efficient management and control of project costs and provide financial support, guidance, and oversight for specific business projects.
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Collaborating closely with all project functions, maintaining robust Cost Control Procedures and assisting the implementation of a comprehensive Cost Control System. The role includes generating, updating, and maintaining reports on income, expenditure, and financial transactions. Your primary focus will be on ensuring compliance with contractual and governance requirements and facilitating accurate reporting for cost control, cost forecasting, monthly cost reporting, financial reporting and enabling timely decision-making on the Project.
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Your role will support the Project Commercial Manager, developing cost control processes and procedures to work closely with Onshore/Offshore cost control and Onshore/Offshore project schedulers to ensure all progress and cost is seamlessly managed, monitored and reported in upstream and internal project and cost reporting processes.
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Snowy 2.0 is the next generation of the iconic Snowy Mountains Hydroelectric Scheme, and construction of this major pumped-hydro project is well underway. Once complete, the Scheme will provide 2000 megawatts of dispatchable, on-demand renewable power and approximately 350,000 megawatt hours of large-scale energy storage to the Australian National Electricity Market.
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1. Liaise with all project functions and accounting/administrative functions on cost control matters.
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2. Ensure that implemented systems and procedures are implemented in accordance with the requirements of the Contract and internal processes.
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3. Assist with preparing the monthly IPA process and cost reports for Onshore and Offshore.
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4. Assist with preparing the quarterly CTC process for Onshore and Offshore.
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5. Assist project stakeholders with monthly valuation and cost analysis reports, forecasting and cost to complete.
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6. Undertake regular audits and make plausibility checks of the cost control system to ensure faultless and highly accurate reporting of the project's forecasts of margin.
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7. Report to the Project Commercial Manager any errors or misuse of the cost control system that can lead to deviations to the set targets and respective impacts in the financial reports.
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8. Prepare any other analysis or report that may be required by the Project Commercial Manager to verify, clarify or highlight the project's cost-to-date, or cost/margin forecast, invoice and accounts reconciliation.
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9. Ensure that budget forecasts, progress monitoring, cost reporting, financial reporting and corrective action information systems procedures meet specific projects requirements.
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10. Work together as a team with Cost Control, Accounting, Finance staff and scheduling staff.
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11. Participate in reviewing of subcontract tenders and returnable schedules in respect of pricing and budget analysis.
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12. Be actively involved in establishing the project controls procedures, developing WBS and schedules, progress measurement systems, change management systems, risk registers etc. and project chart of accounts and financials.
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13. Support the implementation of Project Controls processes and practices including initial WBS and Cost coding structures in conjunction with Onshore/Offshore Controlling Team.
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14. Ability to supervise the creation of large complex schedules and perform reviews.
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15. Responsible for analysing project cost and schedules performance against the control plan and communicates reasons for variance and plans to mitigate to management.
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16. Provide an auditing function for projects against project control procedures and to suggest corrective action for any non-conformance or weakness detected.
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17. Actively participates to support Snowy project audits including Offshore and Onshore budgets and cost.
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18. Provide projects with financial assistance for special requirements such as claim preparation, or recovery schedule formation.
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19. Develop complex costing analysis, acceleration cost calculations and the financial impacts of schedule changes to the project.
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20. Participate in monthly cost and budget review meetings and present the results and impact in coordination with the Controlling department in Australia/Germany.
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21. Working with the Planners/Schedulers, assist to establish and report cost against weekly work plans/schedules and packages, progress curves, histograms.
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22. Establish sound cost control and cost forecasting routines and well versed in project cost management.
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23. Ensures upstream contract compliance in respect of cost claiming, reporting and recording.
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24. Thoroughly understand and advise other functions on implementation of our ITC Schedule and cost recovery avenues to ensure proper management and protection of the financial interests of the project.
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25. Ensure that all records are methodically archived in line with procedures as the project progresses.
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26. Prepare and/or coordinate reports and identify new ways of managing and visualising data to enable ease of analysis of progress and including in reporting internally and externally, as required.
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27. Manage cash flow forecasts with Onshore and Offshore teams.
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28. Assist in the preparation of progress claims and cost reporting for work completed, monitor receipt of payment and escalate issues and disputes to the Commercial Manager for decision.
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29. Work with Project Control function Onshore and Offshore to measure progress, performance and collation of data for analysis, reporting and progress claims.
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30. Develop a strong understanding of the subcontract and head contract to enable proper management of the financial interests of the project.
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31. Develop suitable tools to assist project in establishing accurate cost and financial forecasting.
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32. Advise on options to assist maximum cost recovery on the Project in line with the Contract framework.