Location: Erbil
Job Type:
Permanent
Sectors:
Accounting
Closing Date:
2026-01-02
About vacancy
mselect is looking to hire a Senior Cost Controller for an oil and gas operator in Erbil, Iraq. Candidates must have a minimum of 10 years of experience in cost control within the oil and gas industry or EPC environments. Fluency in English, Arabic and Kurdish is a must.
Job Objective
To ensure effective leadership and management of all cost control activities by maintaining accurate cost tracking, forecasting, and reporting, thereby supporting informed decision-making and enabling successful project delivery within the approved budget.
Key Responsibilities
1. Cost Management & Control:
Requirements
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.
Job Objective
To ensure effective leadership and management of all cost control activities by maintaining accurate cost tracking, forecasting, and reporting, thereby supporting informed decision-making and enabling successful project delivery within the approved budget.
Key Responsibilities
1. Cost Management & Control:
- Develop and implement cost control systems, procedures, and tools aligned with project requirements
- Establish and maintain the Cost Breakdown Structure (CBS) in alignment with the Work Breakdown Structure (WBS)
- Monitor and control project expenditures, commitments, and forecasts against approved budgets
- Track Value of Work Done (VoWD) and apply necessary techniques to assess performance
- Support the preparation of project budgets and cost estimates
- Maintain the project cost baseline and update forecasts based on actual performance and trends
- Analyse variances and recommend corrective actions
- Prepare and present periodic cost reports (weekly/monthly) to project stakeholders
- Provide input to monthly project progress reports and financial dashboards
- Liaise with planning, procurement, and the technical departments to ensure cost and schedule alignment
- Evaluate cost impacts of project changes and support the Management of Change (MoC) process
- Participate in Quantitative Risk Analysis (QRA) and contingency planning
- Maintain a change log and update forecasts accordingly
- Review and validate contractor and vendor invoices against contracts and purchase orders Prepare contractor invoice package for finance department review and payment processing
- Ensure proper cost allocation and coding in the ERP system
- Support procurement in cost-related evaluations and negotiations
- Perform contract administrator function in coordination with procurement and legal departments, including contract amendments, variations, extensions, contractor claims, contract clarifications, etc
- Mentor junior cost control staff and support their development
- Collaborate with the Business Controllers on invoicing, payment processing, and project close-out
Requirements
- Bachelor’s or Master’s degree in Engineering, Finance, or related field
- Minimum 10 years of experience in cost control, preferably in the oil and gas industry or EPC environments
- Experience with VoWD, accruals, and cash flow forecasting
- Strong knowledge of PMI and industry best practices
- Proficient in Kurdish and English, with advanced Arabic language skills
- Excellent communication and reporting skills in both written and spoken forms
- Ability to manage multiple tasks and deadlines
- Public speaking and networking abilities
- Proficiency in computer skills and MS Office tools (especially Excel)
- Proficiency in ERP systems
- Analytical and detail-oriented
- Proactive and solution-focused mindset
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.