Cost Controller

Position : Cost Controller

Contract Duration : 1 year

Industry : Oil & Gas

Location : KL Office

Scope of Works:

• Cost Surveillance & Reporting
  • Maintain daily cost report (DCR) and cost books (IDS) to support rig and WIS ops estimates.
  • Lead weekly cost review with rig site engineer and onshore engineers to ensure cost tracking accuracy.
  • Communicate with offshore teams to ensure accurate cost registers.
  • Support Sr. Planner by ensuring timely and accurately of cost reporting.
  • Conduct checks and resolve discrepancies in cost data.
  • Conduct variance analysis to explain differences between budgeted, forecasted, and actual costs.
  • Update weekly dashboards and cost tracking reports
  • Prepare well reconciliations for AFE close-out.
  • Prepare weekly and monthly operating expenditure reconciliations and utilization.
  • Collaborate with C&P and SCM to align cost forecasts with contract commitments and pricing.
  • Support preparation of AAR cost reports.
  • Assist in preparing joint venture partner cost reports and responding to partner audit requests.
• Inventory Tracking and Inventory Charging
  • Maintain and monitor inventory related to D&C and WIS operations.
  • Allocates, back charges and aligns with Supply Base SAP on inventory utilization (AFE and OPEX).
  • Track long-lead equipment and major service commitments to ensure budget alignment.
  • Reconcile physical inventory counts with accounting system records.
  • Prepare monthly inventory cost reports, highlighting variances and discrepancies.
  • Coordinate with warehouse and logistics teams to ensure accurate material issuance and returns (IW32)
• Service Order (SO) Management
  • Prepare Network Orders and convert to Service Orders within 7 days of approval.
  • Coordinate with vendors to ensure timely and accurate billing.
  • Monitor and close SOs, including ACV returns.
  • Finalize PRs and Network Orders post-SO lifecycle.
• Invoice Processing & Pro-Forma Invoice (PFI) Review
  • Act as the first gatekeeper for the PFI process.
  • Ensure vendor submit PFI timely and complete with supporting documents.
  • Route PFIs for approval via Adobe and monitor turnaround.
  • Perform Service Entry (SE) in SAP and return approved PFIs to vendors.
  • Ensure invoice processing is completed within the 14-day commitment.

Requirement(s):

• Degree in Economics or Finance
• 5–10 years experience in upstream Oil & Gas industry
• Minimum 2 years experience in Drilling & Completion (D&C) operations
• Strong experience in cost control, SAP, and invoice processing
• Familiar with drilling operations cost tracking and reporting