Venaenergy

Senior Associate, Cost Control

South Korea · Work style not stated · Full time

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About the role

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EmployerVenaenergy
LocationSouth Korea
Work styleWork style not stated
Employment typeFull time
Employer posted28 Jul 2026

[POSITION SUMMARY]

We are seeking a highly analytical and commercially astute senior cost controller to drive the financial performance of our large-scale offshore wind projects. The role requires a tech-savvy cost professional who will act as the central node between engineering progress and financial reality, utilizing a modern, integrated project systems architecture to provide real-time cost intelligence, accurate forecasting, and rigorous change management in a complex environment

[KEY RESPONSIBILITIES]

Budgeting, Forecasting & Phasing (Anaplan & Excel)

Lead the development and maintenance of the project Control Account budgets, establishing the Cost Baseline for major offshore packages (WTG, Foundations, Cables, Substations, and Marine Logistics).
Utilize Anaplan for dynamic financial modelling, scenario planning, and multi-year cash flow forecasting, ensuring alignment with corporate financial planning.
Leverage advanced Excel (Power Query, complex financial models) to perform deep-dive ad-hoc cost analysis, currency exposure tracking, and rate normalizations.

Show full description

Cost Tracking & ERP Management (Business Central)

Manage the day-to-day cost control cycle within Business Central, ensuring accurate tracking of Commitments, Actuals, and Value of Work Done (VOWD) accruals.
Validate milestone payments against physical offshore progress, working closely with the contract management team to ensure correct processing of EPCI contractor invoices.

Schedule Integration & Earned Value (OPC)

Interface with Planning & Risk teams via Oracle Primavera Cloud (OPC) to ensure tight alignment between the Cost Breakdown Structure (CBS) and Work Breakdown Structure (WBS).
Translate schedule delays (e.g., heavy lift vessel availability, port bottlenecks) identified in OPC into direct cost impacts (preliminaries, stand-by rates).
Establish and track Earned Value Management (EVM) metrics (CPI, SPI) to provide early warning indicators of cost overruns.

Change Management & Reporting (Power BI)

Maintain the project Trend & Variation Order (VO) register. Rigorously assess the cost impact of engineering changes and contractor claims before drawing down on project contingency.
Design, build, and maintain interactive cost dashboards in Power BI. Translate complex datasets from Business Central and Anaplan into intuitive visuals (S-curves, variance bridges, cash flow waterfalls) for Project Directors and Joint Venture Steering Committees.

[QUALIFICATIONS]

Education & Experience

Degree: Bachelor’s degree in Finance, Accounting, Quantity Surveying, Engineering, or a related field.
Experience: 7+ years of project cost control experience, with a minimum of 3+ years dedicated to Offshore Wind or major Offshore Oil & Gas marine execution projects.
Deep understanding of offshore EPCI contracting strategies, milestone payment structures, and marine warranty/logistics cost drivers.
CIMA, ACCA, or AACE CCP certification is highly advantageous.

Technical Skills & Tools

Systems Architecture: Proven hands-on expertise navigating and integrating data across Business Central (ERP), Anaplan (Planning), OPC (Schedule/EVM), and Power BI (Visualization).
Excel Mastery: Expert-level Excel skills are mandatory (Power Query, complex formulas, large dataset manipulation).
Strong understanding of Earned Value Management (EVM) principles and contingency drawdown methodologies.
Experience handling multi-currency contracts and understanding basic FX hedging impacts on project CAPEX.
Understanding of the PMBOK framework and Estimate Classification System and associated Recommended Practices is highly advantageous.

Soft Skills & Languages

High level of commercial acumen; able to confidently challenge Package Managers and engineers on their cost forecasts and "Estimate at Completion" (EAC) assumptions.
Strong communication skills, with the ability to explain complex financial variances to non-financial technical leaders.
Languages: Professional proficiency in English is required; professional proficiency in Korean is highly advantageous.

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