Project Cost Controller
SBM Offshore - Houston, TX

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External Job Description:
SBM Atlantia is one of a group of multinational companies, known as SBM Offshore N.V., which sells Floating Systems, Drilling Systems, Terminals and Fluid Transfer Systems and services to the global oil and gas industry. We provide mooring technology, process engineering, project management, after-sales services, design and supply of deepwater production systems, and the design and supply of deepwater semisubmersible drilling units. Our engineering, procurement, construction and installation services are offered primarily to customers with deepwater operations in the Gulf of Mexico, and off the coasts of Africa, South America and in the Middle East.

SBM Atlantia is currently recruiting for a Project Cost Controller. The Cost Controller will be responsible for Project Cost Accounting, Cost Reporting and the financial aspects of projects to ensure integrity and consistency throughout the project life cycle. The candidate should have a fundamental accounting knowledge of the matching principle, including cost accruals, revenue recognition and be able to analyze standard contractual terms and conditions.
This position will interact heavily with the Finance, Operations, Project Controls and Procurement teams. Candidate should exhibit good communication skills and be able to adapt quickly to change.
The Project Cost Controller will be involved throughout the life of a project, participating in the initial set-up of a project to its finalization and close-out. The position' s primary deliverables include a Monthly Project Financial Forecast, which is presented to the Senior Management Team. A Monthly Project Cash Plan, encompassing the project's cash flow and foreign currency hedging requirements is also required. Critical analyses of related to physical project progress, revenue recognition calculations based on percentage of completion and accurate explanations for changes in the forecast over time, phasing of Cost to Complete, identification of project risks, opportunities and mitigation measures are also required. Other reports will be required as necessary upon client or management request.
During the project, daily work will entail: verification of purchase requisitions (amounts & cost codes) before approval; issuing budget variances, checking supplier invoices against PO's and contracts; coding and review of invoices; maintaining the financial registers; analyzing contracts after handover; preparation of variance summaries; organizing budget breakdown and project setup in Company's Financial Forecasting software.
Other activities include monitoring project costs, weekly commitments and man hours; preparing and validating change orders and budget transfers; preparing client invoices according to contractual terms and following up on payments from clients as necessary. The position reports to the Cost Control Manager, who reports to the Chief Financial Officer.
Qualified candidates should possess a Bachelor's Degree of Finance, Accounting, Business or related degree with preference given to candidates possessing an MBA. In addition to education, qualified candidates should possess at least 7 years of cost control experience preferably with a mixture of reimbursable and lump sum projects, and an in-depth understanding of the project life cycle. Certifications such as PMI, CCC, CPA or CMA are a plus. Specific competencies which are a key factor for the position also include accounting and financial skills, good organizational skills, accuracy and attention to detail. Good interpersonal and communication skills, team spirit and flexibility as well as good IT literacy.
Candidates should also have exposure to or direct experience with implementing and maintaining internal controls and should be experienced with the flow of data from a database to reporting software.
The position is based in Houston and candidates should be able to travel occasionally in this role, and will be expected to work overtime as required during peak periods.
SBM Atlantia is headquartered in West Houston, offers excellent benefits, tremendous opportunities for qualified professionals, which includes a competitive salary and benefits package** (10 holidays, 401(k) Plan, 4-1/2 Day Work week, AD&D, Bonus Plan, Education Reimbursement Program, Flexible Spending Accounts, Paid Time Off, Medical and Dental Plans, Short & Long Term Disability Insurance and Employee Stock Purchase Plan).
**subject to employment status
The SBM Offshore Group is proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

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