Cost Controller II

TechnipFMC

Cost Controller II managing financial aspects of Subsea Oil and Gas projects at TechnipFMC. Overseeing cost management, forecasting, and budget control for project profitability.

Posted 7/5/2026full-timeKuala Lumpur • 🇲🇾 MalaysiaMid-LevelSeniorWebsite

Tech Stack

Tools & technologies

ERPOracle

About the role

Key responsibilities & impact

Establish and maintain the project cost control structure (CBS/WBS alignment) in accordance with approved project baselines.
Prepare and control project budgets, including validation of cost estimates and alignment with project scope and contractual requirements.
Ensure proper cost loading, coding, and traceability within approved TechnipFMC cost control systems.
Track project actual costs and commitments, ensuring timely, accurate, and complete cost capture.
Prepare periodic cost forecasts (EAC, ETC) using approved methodologies, incorporating performance trends, risks, and opportunities.
Analyze variances between actuals, forecasts, and budgets; identify root causes and recommend corrective actions.
Develop and deliver high-quality Project Management Report and VOWD for the Project Management Team (PMT) and management reviews.
Support monthly project reviews and management reporting cycles.
Provide clear cost performance narratives, highlighting key drivers, risks, and mitigation actions.
Support identification, quantification, and monitoring of cost risks and opportunities.
Participate in change management processes, including evaluation of variations, claims support, and cost impact assessments.
Ensure cost implications of scope changes are properly assessed, approved, and reflected in forecasts and budgets.
Ensure compliance with TechnipFMC financial policies, procedures, internal controls, and audit requirements.
Support internal and external audits by providing required documentation, analysis, and explanations.
Maintain disciplined cost control practices aligned with TechnipFMC governance standards.
Act as a key financial partner to Project Managers, Engineering, Procurement, Construction, and Finance teams.
Provide guidance and mentoring to junior cost control personnel where applicable.
Promote standardization, continuous improvement, and best practices in cost control processes.

Requirements

What you’ll need

A bachelor’s degree in engineering, Finance, Accounting, or a related discipline.
Minimum 5-8 years of proven experience in project cost control within EPC/EPCI environments, preferably on SPS, offshore or subsea.
Prior exposure to the Oil & Gas sector or manufacturing projects is highly desirable.
Strong command of professional English, with the ability to communicate effectively across multidisciplinary and multicultural teams.
Solid expertise in project cost control methodologies, including budgeting, forecasting, cost reporting, variance analysis, and change management.
Advanced analytical, numerical, and problem-solving skills, with high attention to accuracy and detail.
Intermediate proficiency in Microsoft Excel, including the use of formulas, PivotTables, and data analysis techniques to support accurate cost tracking and reporting.
Having prior experience with ERP systems such as SAP or Oracle GEOS is an added advantage.
A collaborative mindset, with the ability to build strong working relationships and contribute effectively within an integrated project team environment.

Benefits

Comp & perks

Professional development opportunities
Flexible working hours
Health insurance

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Cost ReportingCost TrackingCost LoadingCost CodingCost ForecastingAnalytical SkillsNumerical SkillsProblem-Solving SkillsAttention to DetailCost Risk Management

Soft Skills

Effective CommunicationCollaborative MindsetMentoring