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Project Finance Specialist

2 weeks ago

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Job Description

A successful project cost controller plays a pivotal role in ensuring the financial health of large-scale EPC projects.

  • Cost Management:
    • Analyze and control project costs to ensure alignment with budgets.
    • Track costs across engineering, procurement, and construction phases.
  • 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.
  • Contract Compliance:
    • Ensure compliance with contractual agreements and project-specific financial regulations.
    • Validate costs in line with contract terms and identify any cost overruns or savings opportunities.
  • 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 for project budgeting purposes.
    • Generate monthly, quarterly, and annual reports detailing variances, expected cost overruns, and other key financial metrics.