Senior Project Budget Specialist

14 hours ago

Vizag, Andhra Pradesh, India beBeeBudgeting Full time ₹ 15,00,000 - ₹ 20,00,000

Job Title:

Project Budget Specialist

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  • Job Description:

    As a seasoned project budget specialist, you will play a crucial role in ensuring the financial success of complex projects.

  • Responsibilities:

    Financial Management:

    • Develop and manage project budgets in collaboration with project managers to ensure accurate and timely reporting of financial performance.

    • Monitor and control project costs by tracking staff time allocation and related expenses to identify variances and trends.

    • Propose corrective actions proactively to minimize potential overruns and optimize financial performance.

    Resource Utilization:

    • Maintain real-time visibility of staff deployment across projects to ensure efficient resource usage.

    • Collaborate with HR and project leads to track man-hours and support project scheduling with cost-efficiency insights.

    Cost Reporting & Forecasting:

    • Prepare weekly/monthly project cost reports with variance analysis and commentary to provide cost insights to senior leadership.

    • Support project review meetings with detailed cost performance data to drive informed decision-making.

    Process & Compliance:

    • Establish cost control systems, procedures, and reporting formats to ensure compliance with internal controls and client-specific requirements.

    • Conduct cost audits and internal reviews to validate expense accuracy and promote financial discipline within project teams.

    Collaboration & Communication:

    • Act as a liaison between the finance team and project managers to facilitate effective communication and ensure seamless project execution.

    • Contribute to project review meetings with detailed cost performance data to drive informed decision-making.

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