Cost Management Specialist

3 days ago

Bikaner, Rajasthan, India beBeeAccountant Full time ₹ 85,00,000 - ₹ 1,54,00,000

Job Title: Cost Management Specialist

Reports to: Head of Finance and Administration

Job Description:

  • The ideal candidate will have significant experience in financial planning, cost control, and project management.
  • We are seeking a detail-oriented and analytical professional with strong communication and organizational skills.
  • The successful candidate will be able to work effectively in a team environment and contribute to the delivery of high-quality projects.

Key Responsibilities:

  • Project Budgeting & Cost Control:
    • Develop and manage project budgets in collaboration with project managers.
    • Track actual project costs versus budgets and identify variances, trends, and potential overruns.
    • Propose corrective actions proactively to ensure timely completion of projects.
  • Resource Utilization & Scheduling:
    • 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 Improvement & Compliance:
    • Establish cost control systems, procedures, and reporting formats.
    • Ensure compliance with internal controls and relevant regulatory 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.

Required Skills & Qualifications:

  • Bachelor's degree in Finance, Accounting, or related field.
  • 8–10 years of experience in cost control and project management.
  • Strong understanding of financial planning, budgeting, and cost control principles.
  • Proficient in MS Excel and ERP/project management tools.
  • Excellent analytical, communication, and organizational skills.

Benefits:

  • Competitive salary and benefits package.
  • Ongoing training and development opportunities.
  • Chance to work on challenging projects with a dynamic team.

Other Responsibilities:

  • Support the Head of Finance in group-level reporting and forecasting.
  • Assist with international tax matters and cross-border transactions.
  • Contribute to process improvement initiatives within the finance team.

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