Project Cost Specialist

2 days ago

Allahabad, Uttar Pradesh, India beBeeCost Full time ₹ 10,00,000 - ₹ 15,00,000
Project Budget Manager

About this Role:

As a key member of the finance team, you will be responsible for overseeing project budgets across multiple concurrent projects.

  • Key Responsibilities:
  • Develop and maintain accurate project budget forecasts in collaboration with project managers.
  • Track actual project costs versus budgeted amounts, focusing on staff time allocation and related expenses.
  • Identify variances, trends, and potential overruns; propose corrective actions proactively.
  • Resource Utilization:
  • 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 & Compliance:
  • Establish cost control systems, procedures, and reporting formats.
  • Ensure compliance with internal controls and client-specific budgetary 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.

Requirements:

  • Education:
  • Bachelor's degree in Finance, Accounting, or related field; CMA, CA, or MBA is highly desirable.
  • Experience:
  • 8–10 years of experience in cost control, preferably in a project-based or consulting environment.
  • Skills:
  • Strong analytical skills with attention to detail and accuracy.
  • Ability to work on multiple projects simultaneously.
  • High level of initiative and problem-solving ability.
  • Team player with effective collaboration skills.
  • Business acumen with a focus on cost efficiency.

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