Chief Financial Officer

3 days ago

Mysore, Karnataka, India beBeeCostControl Full time ₹ 15,00,000 - ₹ 16,00,000
Job Description

This role involves managing project costs, tracking expenses and analyzing financial data to ensure alignment with budget targets. You will be responsible for identifying potential risks related to project costs and recommending strategies for cost reduction.

Key Responsibilities:
  • Monitor, analyze and report on project costs for large-scale EPC projects.
  • Track costs across engineering, procurement, and construction phases, ensuring accuracy and completeness of financial records.
  • Prepare detailed variance reports, analyzing the causes of deviations between budgeted and actual costs.
Required Skills and Qualifications:

The ideal candidate should have strong analytical and problem-solving skills, with experience in project cost management and financial analysis. They should also possess excellent communication and interpersonal skills, with the ability to work effectively with project teams and stakeholders.

Benefits:

As a Cost Controller, you will have the opportunity to work on challenging projects and develop your skills and expertise in financial management. You will also have access to training and development programs to enhance your performance and career prospects.

Progress Monitoring and Reporting:

Collaborate with project teams to track progress and update percentage-of-completion calculations as per IFRS 15. Provide insights and reports on cost performance, profit margins, and project cash flow on a regular basis.

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, manpower management, material management, reducing idle time.

Financial Reporting and Forecasting:

Prepare regular financial and cost reports, analyzing project expenses, and forecasting costs for project budgeting purposes. Generate monthly, quarterly, and annual reports for COO, Project managers, detailing variances, expected cost overruns, and other key financial metrics.

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