# Senior Cost Controller at MODEC

> Open job at MODEC in Kuala Lumpur, Malaysia. Workplace: On-site.

Source: RigJobsDirect, https://rigjobsdirect.com/jobs/modec-senior-cost-controller-sgn0vz7
Posted 6 November 2026. Last checked on the employer's career site: 7 November 2026.

## Facts

- Company: [MODEC](https://rigjobsdirect.com/companies/modec)
- Location: Kuala Lumpur, Malaysia
- Workplace: On-site
- Employment type: Full-time
- Local language: Not required
- Not mentioned in the job post: pay, rotation, visa sponsorship, relocation, where you can apply from

## Job description

OFS Malaysia is a subsidiary of Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Malaysia. Being part of Modec means being the protagonist of a challenging career and being in touch with the latest deep-water production systems, knowing that your career begins in Malaysia, but your talent can take you anywhere in the world.

**If you want to be one of the greatest in the market, this is your opportunity!**

We are currently looking for talented individuals to join us for below role

Senior Cost Controller

**We are currently based at KL Eco City, Malaysia.**

**Overall Job Purpose**

To perform single or multiple specific tasks in developing and maintaining a cost control plan for a designated section of assigned project(s) or less complex assignments, and prepare relevant reporting and analysis to effectively and efficiently communicate project cost status at regular intervals.

**Responsibilities:**

- Collate and compile independently the necessary information to support timely cost data consolidation, analysis and reporting.
- Understand the requirements of the approved cost control procedures and ensure proper implementation in the course of work.
- Develop and maintain detailed cost control plans using Company tools and best industry practices.
- Set-up Cost Breakdown Structure and allocate budget, resources, and any other data required into the system.
- Derive and consolidate the commitments and actual costs for one or more portions of the scope of work.
- Review, analyze and update accurate forecasts for one or more portions of the scope work by using best industry practices.
- Track budget variances and challenge budget owners on any deviation from approved cost baseline.
- Generate and distribute internal cost report for part or the entire scope of work on a regular basis and as per Company standards.
- Reconcile project cost reporting with accounting and financial records.
- Review subcontractors’ invoices for accuracy and completeness and ensure that costs are allocated with the correct coding.
- Review Change Order requests and/or potential variations that impact project budget and forecasts, and maintain appropriate register.
- Establish appropriate coordination with other project functions to ensure compatibility with the Cost Control requirements and timely flow of the information.
- Contribute and participate to the Project Risk Management process by providing cost input and identifying potential budget and forecast impacts for risks’ occurrences.
- Perform cost risk analysis to define accurate contingency reserve by using company tools and best industry practices.
- Provide guidance and support to less experienced cost control staff as required.

**Requirements/Qualification:**

- Degree in Engineering, Science, Business Management, or Operations Management.
- AACE certification (CCT or CCP) preferred.
- 8 years of cost engineering experience in Oil & Gas industry or 12 years of cost engineering experience in other industries with understanding of technical knowledge of Oil & Gas process and FPSO projects.
- Previous working experience in a senior role is preferred.
- Experience with SAP (preferred) or different ERP system.

## How to apply

Apply on the job page, https://rigjobsdirect.com/jobs/modec-senior-cost-controller-sgn0vz7: its Apply button opens the employer's own application page.

## More jobs from MODEC

- [Engineer, Information Systems](https://rigjobsdirect.com/jobs/modec-engineer-information-systems-qiwdt0n): MODEC, Kuala Lumpur, Malaysia. On-site. Posted 22 October 2026.
- [Senior Cost Controller](https://rigjobsdirect.com/jobs/modec-senior-cost-controller-l26pibs): MODEC, Kuala Lumpur, Malaysia. On-site. Posted 22 October 2026.
- [Engineer, Information Systems](https://rigjobsdirect.com/jobs/modec-engineer-information-systems-0owcjqc): MODEC, On-site. Posted 22 October 2026.
- [Senior Environmental Engineer](https://rigjobsdirect.com/jobs/modec-senior-environmental-engineer-rs0ex71): MODEC, Kuala Lumpur, Malaysia. On-site. Posted 21 October 2026.
- [Regulatory Compliance Engineer](https://rigjobsdirect.com/jobs/modec-regulatory-compliance-engineer-wlhfi0j): MODEC, Kuala Lumpur, Malaysia. On-site. Posted 21 October 2026.