Senior Cost Control Specialist

20 hours ago

Rajkot, Gujarat, India beBeeCost Full time ₹ 1,02,90,000 - ₹ 1,62,10,000

Job Title: Cost Optimization Specialist

We are seeking a seasoned Cost Optimization Specialist to strengthen our finance function and uphold our commitment to performance and precision. The ideal candidate will have significant experience in cost accounting, timesheet and rate management, budgeting, and exposure to international taxation and cross-border transactions.

Key Responsibilities:
  • Project Budget Management:
    • Develop, monitor, and control project budgets in collaboration with project managers.
    • Track actual project costs versus budgets, particularly staff time allocation and related expenses.
    • Identify variances, trends, and potential overruns; propose corrective actions proactively.
  • Resource Utilization:
    • Maintain real-time visibility of staff deployment across projects.
    • Collaborate with HR and project leads to track man-hours and ensure efficient resource usage.
    • Support project scheduling with cost-efficiency insights.
  • Cost Reporting & Forecasting:
    • Prepare weekly/monthly project cost reports with variance analysis and commentary.
    • Provide cost insights to senior leadership for resource planning and profitability analysis.
  • Process & Compliance:
    • Establish cost control systems, procedures, and reporting formats.
    • Ensure compliance with internal controls and client-specific requirements.
    • Conduct cost audits and internal reviews to validate expense accuracy.
  • Collaboration & Communication:
    • Act as a liaison between the finance team and project managers.
    • Contribute to project review meetings with detailed cost performance data.
    Additional Responsibilities:
    • Support the Head of Finance in group-level reporting and forecasting, integrating project financials into broader business plans.
    • Contribute to international tax matters, inter-company transactions, and the optimization of cross-border project flows.
    • Assist with client-facing reporting requirements, including detailed cost reports and reconciliations.
    • Champion strong internal controls and promote financial discipline within project teams.

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