Assistant Cost Manager

POSITION : Assistant Cost Manager

DEPARTMENT: Cost Management

REPORTING TO: Cost Manager

DIRECT REPORTS: Cost Manager

LOCATION: New Delhi

Our goal at LAMBSROCK is to provide unparalleled service to every client, setting the benchmark within our industry. This pivotal role combines strategic leadership, hands-on project oversight, and client relationship management to ensure the successful execution of projects from inception to completion. If you're passionate about driving impactful change, fostering client satisfaction, and leading high-performing teams, this role offers an exciting opportunity to make a significant impact in the world of cost management consultancy. Your leadership will be pivotal in establishing LAMBSROCK as an industry frontrunner, committed to delivering unparalleled service and value to our clients, while fostering a culture of continuous growth and innovation throughout the organization.

Position Purpose

The Assistant Cost Manager supports the cost management team in overseeing and managing project costs to ensure financial objectives are met. This role involves assisting with cost estimation, budgeting, cost control, and financial reporting. The Assistant Cost Manager works closely with senior cost managers and project teams to deliver accurate and timely cost information and to help maintain financial control over projects.

Qualifications and Experience :

- Education:

• Bachelor s degree in BTech/BE Civil

- Experience:

• 6-8 years of experience in cost management, finance, or a related field.

- Skills:

• Strong analytical and numerical skills.
• Proficiency in Microsoft Office Suite, particularly Excel.
• Familiarity with cost management software (e.g., CostX, Sage) is an advantage.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Detail-oriented with strong organizational skills.

- Other Requirements:

• Willingness to learn and develop in the field of cost management.
• Ability to handle multiple tasks and meet deadlines.
• A proactive and problem-solving mindset.

Duties & Responsibilities:

- Cost Estimation:

Assist in preparing detailed cost estimates for various project stages.

Analyse project specifications and requirements to develop accurate cost estimates.

Conduct market research to obtain current cost data for materials, labour, and equipment.

- Budgeting and Cost Control:

Develop and maintain project budgets and forecasts.

Monitor project costs against the budget and report any variances.

Implement cost control measures to ensure project costs remain within budget.

Review and analyse cost reports and provide insights on cost performance.

- Financial Reporting:

Prepare financial reports, including cost reports, cash flow projections, and budget updates.

Maintain accurate records of project financial transactions.

Provide data and insights for regular financial reviews and audits.

- Procurement Support:

Prepare procurement documents, including requests for proposals (RFPs) and contracts.

Evaluate bids and proposals to ensure cost-effectiveness.

Maintain relationships with suppliers and contractors to ensure competitive pricing.

- Project Support:

Collaborate with project teams to understand project objectives, schedules, and requirements.

Attend project meetings and provide cost-related insights and recommendations.

Support the resolution of cost-related issues and disputes.

Assist in the preparation of cost-related documentation and presentations for project stakeholders.

- Data Management:

Maintain and update cost databases and records.

Develop and maintain cost management tools and software.

Ensure data accuracy and integrity in all cost management activities.

What We Offer:

- Competitive salary and benefits package

- Opportunities for professional growth and career advancement

- A collaborative and dynamic work environment

- Involvement in high-profile and diverse projects

- Ongoing training and development programs

LAMBSROCK is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees