Project Cost Controller

Job Description

Who we are:

Do you want to join our Geo-data revolution? Fugro’s global reach and unique know-how will put the world at your fingertips. Our love of exploration and technical expertise helps us to provide our clients with invaluable insights. We source and make sense of the most relevant Geo-data for their needs, so they can design, build, and operate their assets more safely, sustainably, and efficiently. But we’re always looking for new talent to take the next step with us. For bright minds who enjoy meaningful work and want to push our pioneering spirit further. For individuals who can take the initiative but work well within a team.

Job Purpose:

The Project Cost Controller shall advise Service Line Managers and Project Managers on their individual project's financial performance (EVA and Cash). In addition to this function, the Project Controller shall assist the Business Line Directors and Service Line Managers in the preparation of the required monthly financial accounts and reports. He is responsible for controlling the project costs and updating the project cost forecast, including schedule impacts on costs for one or more projects at complexity levels 1, 2, and 3 by producing and maintaining monthly financial forecasts and work-in-progress reports.

The Project Cost Controller is responsible for the accurate management of the financial accounts of all assigned projects within the Business Line. The primary function of this role is to accurately track and report project revenues, change orders, costs, overheads, actual and forecast Earned Value, and projected versus actual cash flow.. Work with project managers to design and optimize the best financial strategies that achieve all project contractual requirements with efficient use of resources. Validation before submission to the client and tracking of invoice payments against modelled cash flows. Project revenues (both invoices and WIP) and costs to be reconciled with the accounts department to ensure matching values at the month-end closing.

Key Responsibilities:

Financial:

a) Maintain accurate actual revenue and cost records of all medium to large projects.
b) Forecast Earned Value and Cashflow with the ability to develop optimal financial strategies with project managers before deployment/commitment of resources.
c) Reconcile project revenue and costs with the accounts department.
d) Set up project schedule, contract invoicing, and cash milestones.
e) Validate project invoices before submission to the client and track client payment cashflows.
f) Track and advise project managers on individual project outstanding DRO (Days Receivable Outstanding) and DBO (Days Billing Outstanding) days.
g) Assist in the preparation of monthly and quarterly project reports.
h) Help prepare monthly project forecasts, revenues and margins.
i) Follow up with Clients regarding timely payment within the contractual timeframe, as well as chasing up overdue payments.

Principal Working Relationships:

The Project Accountant is required to work closely with Project Managers, Project Coordinators, and the Business Controller

Required Experience & Skills:

• 10+ years of experience in project costing, cost control, budgeting, revenues, and monitoring
• Strong communication skills, analytical mindset, and a proactive, results-driven approach.
• Takes ownership and initiative, acts with confidence, and works under own direction.

What we offer:

Fugro provides a positive work environment as well as projects that will satisfy the most curious minds. We also offer great opportunities to stretch and develop yourself. By giving you the freedom to grow faster, we think you’ll be able to do what you do best, better. Which should help us to find fresh ways to get to know the earth better. We encourage you to be yourself at Fugro. So bring your energy and enthusiasm, your keen eye, and your can-do attitude. But bring your questions and opinions too. Because to be the world’s leading Geo-data specialist, we need the strength in depth that comes from a diverse, driven team.

Our view on diversity, equity, and inclusion:

At Fugro, our people are our superpower. Their variety of viewpoints, experiences, knowledge, and talents gives us collective strength. Distinctive beliefs and diverse backgrounds are therefore welcome, but discrimination, harassment, inappropriate behavior, and unfair treatment are not. Everybody is to be well-supported and treated fairly. And everyone must be valued and have their voice heard. Crucially, we believe that getting this right brings a sense of belonging, of safety and acceptance, that makes us feel more connected to Fugro’s purpose, ‘together create a safe and livable world’ – and to each other.

HSE Responsibilities:

Responsible for ensuring the safety of self and others at the site. Prevent damage to equipment and assets. Responsible for following all safety signs/procedures/ safe working practices. Responsible for using appropriate PPE’s Responsible for participating in mock drills. Entitled to refuse to undertake any activity considered unsafe. Responsible for filling up of hazard observation card, wherever a hazard has been noticed at the site. Responsible for safe housekeeping of his workplace. To stop any operation that is deemed unsafe. To be able to operate a fire extinguisher in case of fire. To report an incident as soon as possible to the immediate supervisor and HSE manager. To complete HSE training as instructed to do so.

Disclaimer for recruitment agencies:

Fugro does not accept any unsolicited applications from recruitment agencies. Acquisition to Fugro Recruitment or any Fugro employee is not appreciated.