Project Cost Analyst

21 hours ago


Chennai, Tamil Nadu, India beBeeCostController Full time ₹ 15,00,000 - ₹ 16,00,000

Cost Control Specialist

Job Description

We seek an experienced Cost Controller to oversee project costs, ensuring alignment with budgets.

Key Responsibilities
  • Perform comprehensive cost analysis and control for large-scale EPC projects.
  • Analyze and report on project costs to stakeholders.
  • Monitor costs across engineering, procurement, and construction phases.
  • Prepare detailed variance reports analyzing causes of deviations between budgeted and actual costs.
Progress Monitoring and Reporting
  • Collaborate with project teams to track progress and update percentage-of-completion calculations.
  • Provide insights and reports on cost performance, profit margins, and project cash flow.
Contract and Cost Compliance
  • Ensure compliance with contractual agreements and project-specific financial regulations.
  • Validate costs in line with contract terms and identify cost overruns or savings opportunities.
Inventory and Procurement Cost Management
  • Work with procurement to control and analyze material and service costs.
  • Ensure proper valuation of inventory used for EPC projects.
Risk Management and Cost Optimization
  • Identify potential risks related to project costs, including scope changes, delays, or unexpected expenses.
  • Recommend strategies for cost reduction, such as value engineering or efficiency improvements.
Financial Reporting and Forecasting
  • Prepare regular financial and cost reports analyzing project expenses and forecasting costs.
  • Generate monthly, quarterly, and annual reports detailing variances and expected cost overruns.


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