Project Cost Manager

7 days ago

Vizag, Andhra Pradesh, India beBeeCostSpecialist Full time ₹ 15,00,000 - ₹ 16,00,000

Job Title:

  • Project Cost Specialist

About this role:

We are seeking a skilled Project Cost Specialist to join our team. The successful candidate will be responsible for analyzing and controlling project costs, ensuring compliance with contractual agreements and financial regulations.

Main Responsibilities:

Cost Analysis and Control

  • Monitor and analyze project costs to identify areas for cost reduction and optimize resource allocation.
  • Analyze cost variances and prepare detailed reports to stakeholders.

Progress Monitoring and Reporting

  • Collaborate with project teams to track progress and update cost forecasts.
  • Prepare regular financial reports, including budget-to-actual comparisons and variance analyses.

Contract and Cost Compliance

  • Evaluate contractual terms and conditions to ensure compliance with financial regulations.
  • Identify and mitigate potential risks related to cost overruns or savings opportunities.

Inventory and Procurement Cost Management

  • Work with procurement teams to control and analyze material and service costs.
  • Implement strategies to minimize waste and optimize inventory management.

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.

Fixed Assets Management at Project Site

  • Track, record, and monitor fixed assets (e.g., machinery, equipment) at the project site.
  • Oversee asset capitalization, depreciation calculations, and ensure compliance with relevant accounting standards.

About you:

We are looking for an experienced professional with strong analytical and communication skills. You should have a proven track record of managing project costs and driving cost optimization initiatives.

Requirements:

  • Minimum 5 years' experience in project cost management or a related field.
  • Strong understanding of financial regulations and contractual agreements.
  • Excellent analytical, communication, and problem-solving skills.

Benefits:

As a valued member of our team, you can expect a competitive salary and benefits package, including health insurance, retirement plans, and paid time off.

Others:

This is a full-time position requiring occasional travel to project sites. We offer a dynamic work environment and opportunities for professional growth and development.

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