Senior Project Financial Specialist

2 days ago

bangalore, India beBeeConstructionManager Full time

As a key member of our construction project team, the Construction Cost Manager plays a vital role in overseeing all financial and contractual aspects of projects.The position is responsible for managing costs, preparing detailed cost estimates and budgets, administering contracts, and ensuring compliance with contractual terms.This includes coordinating with project teams to effectively manage costs and ensure accurate financial reporting.Key Responsibilities:Cost Estimation: Prepare detailed cost estimates and budgets for projects.Tender Management: Prepare tender and contract documents, including bills of quantities.Contract Administration: Manage and review contracts to ensure compliance with terms and conditions.Cost Control: Monitor project expenditures and identify variances to implement cost-saving measures.Valuation: Conduct regular site visits and valuations to ensure work aligns with contract terms.Reporting: Prepare and present detailed cost reports, forecasts, and financial statements.Risk Management: Identify and manage potential risks and mitigate them effectively.Liaison: Communicate with clients, contractors, and project teams to ensure smooth operations and resolve any financial or contractual issues.Regulatory Compliance: Ensure all work complies with relevant laws and regulations.Billing: Prepare detailed bills of quantities based on project specifications and drawings.Verification: Verify and validate bills submitted by contractors and subcontractors.Measurement: Measure and quantify materials and labor required for projects.Cost Analysis: Analyze and compare costs for various project elements.Documentation: Maintain comprehensive records of all financial transactions related to the project.Invoicing: Prepare and process project invoices, ensuring accuracy and compliance with contract terms.Coordination: Coordinate with project managers, site engineers, and procurement teams to gather necessary information for billing.Reporting: Generate regular financial reports and updates for project stakeholders.Compliance: Ensure all billing processes comply with company policies and relevant regulations.

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