Finance Project Manager

JOB TITLE & PURPOSE OF THE JOB

Job Title: Work Package Controller

Job Code: FI-PC-00

Purpose of the job:

In charge of Cost controlling and reports Work packages related cost. Provide clear and transparent data on cost to date and at completion and ensure the necessary conditions for achievement of the WP’s financial targets. Can supervise a team of cost controller/ analyst.

The Work Package Controller will diligently and professionally manage the financial accounts of the Project (on and/or off shore scope) in execution and until FAC or formalised handover and supporting the Project Manager (and other project functions) as the finance partner. The jobholder will also ensure effective reporting and controlling of the project under the own responsibility i.e. to ensure adequate controls and processes are in place to meet all of the Company’s requirements and that the accounting for the project is in accordance with the Company’s guidelines and instructions.

POSITION IN THE ORGANISATION

Organisation structure:  

Head Quarter / Finance (Project Control)

Reports directly to:

Site Controller

Direct reports:

Cost Controller, Financial analyst

Network & Links   

Internal

• Finance community
• Cost Manager
• WP Manager

External

• NA

ACCOUNTABILITIES & AUTHORITIES

Key accountabilities

I Cash Flow, Cost and Revenue Margin Management

• Keenly monitor and forecast cash flows arising from the project, setting control environment for the cash management in order to optimise cash flow.
• Monthly Analysis of Actual Cost incurred and compare with the Forecast and analysing the Gaps.
• Assist the Project Managers in forecasting the correct cost incurring and more importantly the timing of Cost incur.
• Co - ordination with Supply Chain department regularly to monitor the Cost progress.
• Monitor the extra Cost of the project which are subject to claim and have regular meetings with the Claims Department to follow up.
• Monitor & forecast revenue and gross margins arising from the project, setting control environment for the revenue and margin management.
•  Has the responsibility of controlling operations among which work packages and can be involved in non-industrial controlling related to site facilities and activities
• Review and validate QCD performance vs commitment for WP to be delivered by PL and provide gap analysis (scope of change, performance variance, improper costing at tender stage…)
• Contributes to the optimisation of financial performance of WP’s
• Provides transparency of financial elements consolidated in WP vs WP completion forecasts, ensure industrial and manufacturing risks are properly assessed and mitigation plans in place
• Follow financial results of action plans for costs reduction
• Identify cost saving opportunities and prevent and alert of any deviance vs budget and forecasts
• Reforecast cost to completion as appropriate and recon ciliate budget figures
• Follow up and control costs to completion
• Follow work in progress versus targets and Check costs against objectives
• Validates data accuracy and cost valuations (hours, hourly rate, purchase costs, calculation, allocation of fixed or unabsorbed cost to projects
• Propose actions to reduce costs
• Review and validate at tender stage that costing, quality and delivery assumptions of WP’s are properly backed up and that commitment is obtained from the relevant operational managers.

II Reporting and Coordination

• Provides all WP financial reporting and benchmark by products family: average cost, productivity, ratio, delivery on time ratio, CONQ evolution
• Interface with WP manager on cost evolution in coordination with cost managers and project controller and challenges 
• Works closely with Project controller, local accounting teams and central controlling teams.
• Act as an interface with Operations especially WP manager and cost managers on follow up of cost evolution related to WP, cost reduction opportunities …
• Alert of any cost drift and productivity deterioration
• Validate contract database

III Financial Administration

• Ensure that WP approval process is strictly compliant with Transport and PL rules
• Respect and apply Transport Tenders and projects processes and tools

IV Management

• Provide management with reliable financial data in order to assist in the decision-making.
• Ad-hoc reporting on project.

EXPERIENCE PREREQUISITES & REQUIRED COMPETENCES

Educational Requirements 

Mandatory:

Proven academic background with a Degree qualified either in finance or business management with financial qualification or may have engineering degree (with financial training).

Experience  

Mandatory:

• 3 years of experience in long term contracting and accounting as Work Package Controller.
• English preferred

Competencies & Skills 

• Ability to interpret business related data
• Well-developed communication skills and the ability to convince with presentations
• Affinity to finance and numbers and good knowledge in MS Excel 
• Good analytical as well as problem-solving skills