Cost Control Officer at Anglogold Ashanti
Job Description
The purpose of the role is to assist the Project Services & Business Improvement department with respect to project cost control/management function, specifically assisting in updating the Sustaining Capital Detailed Time-Phased Cost Model. The role holder will also be responsible for tracking, analysing, and monitoring costs on projects to ensure that: • Cost control estimates and related contingencies are reasonable and adequate. • An accurate forecast is always maintained. • The detailed project cost model is always up-to-date and used as a reference point for performance measurements. • Costs are contained within control estimates and spending progress is maintained to plan. • Commitments and actuals are tracked weekly KEY ACCOUNTABILITIES: • Understand all contract documents, agreements, procedures, instructions, and other requirements relevant to project costing • Assist in establishing, maintaining, and managing project budgets, actual and committed costs, invoicing, forecasts and cost estimates, cash flow, and the SOX auditing process. • Generate and report regular project financial data such as spend profiles, budgeted, and earned values, forecasts, completion costs, etc. • Provide expenditure forecasts identifying variances against the budget. • Analyse all project cost data to proactively identify potential issues and where required develop and propose alternative solutions to bring the project back within budget. • Monitor project activities and progress against the plan to identify change events that may adversely impact the costs of projects Report any defective controls, breaches, or non-compliance for correction. • Create purchase requisitions for approval • Identify and utilize appropriate information from the contractors’ project cost systems to ensure the project cost progress reports are aligned with agreed contract terms and conditions. • Review and recommend approval for payment for contractor progress claims and invoicing. • Assist in developing and implementing processes for monitoring and reporting potential disputes related to contract costing between Contractors and AGAG • Conduct reviews, observations, and other monitoring techniques to monitor, track, and validate project costs. • Support weekly, monthly, quarterly, and ad hoc project reporting including cash flow forecast, variance analysis, and cost value reporting. • Demonstrate strong SHE leadership and assist in promoting a strong SHE culture within the PSBI department and across site..
Requirement(s)
Bachelor’s degree in Finance, Economics, Engineering, Construction Management, or related qualification Experience • Must have a minimum of 2 years of work experience in a similar role, preferably in a mining environment. • Basic knowledge of Project Controls/Management – WBS (scope control), Earned Value Management, Cost Reporting and Analysis, SAP PS System • Contracts and subcontract pre- and post-award management experience • Knowledge of cost baseline development Other Competencies • Able to multitask, prioritize, and manage time efficiently. • Proficient computer skills, Microsoft Office Suite (Word, PowerPoint, Outlook, and Excel) • Ability to build and maintain effective cross-functional working relationships
