Senior Cost Controller

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Job title

Senior Cost Controller



Type of activity


Post date

19 June 2023

Job description

The Senior Cost Controller will prepare and report the cost budgets, expenditure, in accordance with contractual requirements and BSOG's policies, procedures and standards to enable robust cost control, while reviewing, analysing, and reporting of actual and forecasted costs against the approved budget.


Business Cost Control

  • Ensure adequate monitoring and control of the execution of the expenditure budget related to cost per departments/budget lines.
  • Ensure work is performed in compliance with standard or agreed cost processes/procedures and documentation is always available for auditing purposes.
  • Ensure costs are correctly allocated to the relevant budget codes since Procurement stage up to invoice receipt/approval.
  • Assist Head of departments/Budget owners in the development of departments budget, provide actuals and make necessary updates.
  • Acts as a point of contact for all cost and budget control requests, identifies spending trends and perspectives, intervenes, and provides advice to budget owners as needed.
  • Review the standard procedures for reporting expenses.
  • Review quantities/prices of contracts and purchase orders, ensuring budget availability and correct cost allocation of the expenditure, prior to budget owner’s approval.
  • Review Contractors/Vendors’ cost reports for approval of milestones/progress.
  • Prepare deviation reports from the budget, reconcile, analyze, and submit cost and updated budget forecasts.
  • Perform daily, weekly and monthly reports for Management, ad hoc reports and analyses.
  • Prepare periodical cash flow projections based on contracts/purchase orders.
  • Collaborates with the Head of departments/Budget owners to optimize the rate of return on new investments and to carry out the agreed decisions.
  • Collaborate with Finance team to ensure proper allocation of invoices received, identification of accruals and reconciliation of expenditures.
  • Monitoring and analysis of OPEX and CAPEX expenses by comparison with the previous period, as well as with the annual budget.
  • Monitoring the financial results, preparing the necessary information for the budget and estimates during the year.
  • Monitoring, consolidation, and analysis of the monthly results of operational expenses.
  • Monitoring the investment plan for the respective year.
  • Pro-actively participate to the risk management process for identification of necessary contingencies.
  • Ensure control on budget transfers and prepare management of change.
  • Actively ensure adequate control of expenses, to establish and implementing improved processes and routines for control and reporting.
  • Researching to find opportunities to reduce expenses.


Technical knowledge

  • A minimum of 5-10 years finance/budget experience, preferably in the energy industry, Onshore & Offshore Oil and Gas industry
  • Bachelor’s degree in management, Finance, Accounting or Engineering
  • Computer literate (Microsoft Office – MS Word, Excel, Power-Point, etc.) and ERP experience
  • Knowledge of computer financial management systems
  • Fluency in English (spoken and written)
  • Cost Management
  • Earned Value Management 
  • Data analysis & benchmarking
  • Change management


  • Highly organised and able to prioritise the workload in order to meet the deadlines
  • Able to communicate effectively with variety of people
  • Ability to identify, analyse and solve problems
  • Accuracy and attention to details, methodical and rigorous
  • Process driven
  • Hands-on experience
  • Adaptability and flexibility in integrating and implementing changes in one’s own activity and/or in the organization

Terms and conditions:

  • Duration: Permanent
  • Location: Bucharest

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