Project Cost Budget Manager

Job Description Summary:

The Project Budget Manager will be responsible for preparing the project budget, annual/quarterly/monthly planning and rolling forecasts. This role will also take accountability and support on project invoicing, tax issues, bonds, guarantees, financial accounting, and reporting.

Key Responsibilities:

• Prepare project budgets, annual/quarterly/monthly planning, and rolling forecasts.
• Take accountability and support on project invoicing, tax issues, bonds, guarantees, financial accounting, and reporting.
• Participate in opportunity/risk identification and ensure timely mitigation actions.
• Drive, coordinate, and prepare monthly project reviews with the PM/Central Controller/PSCM.
• Review and have joint responsibility for all financial aspects of the project, including estimate at completion and related cost-to-complete, forecasted revenues and cash flow, risks, and opportunities assessment.
• Promote commercial awareness in the project team and provide commercial input to the project execution plan.
• Living core values of safety and integrity, taking responsibility for your own actions while caring for your colleagues and the business.
• Coordinate with the client for approval on invoices, getting payments, and various forms for compliance purposes.
• Maintain an updated billing register capturing details of all billings till date, status on approval, payment, various deductions with categories and reasons, follow-up to collect amounts deducted.
• Stringent monitoring and control on site expenses, weekly reporting of project expenses in a specified format, and reconciliation of SAP entries with invoices.
• Analysis on actual vs. budget costs and revenue on the project, highlighting potential issues to the controller manager and project managers.
• Lead the activity of project actualisation (actua) at HO defined frequency, coordinate with the project team to get required data, discuss with the controller manager to prepare finance-related slides in actua presentation, upload the actua in SAP post approval from required people.
• Review of Kappa against the budgeted costs and highlight in case of costs exceeding the budget, check that adequate documents are attached with the Kappa.
• Sharing of project slides for monthly business review in accordance with timeline defined by the project team, keeping the controller manager in loop.
• Comprehensive check on provisions to ensure that provisions are accurate, complete for monthly closing, and in line with accounting rules and HO instructions.
• Monthly cash verification and surprise verification at least once a month, reporting results to HO team (controller manager and IFC team).
• Lead and supervise compliance on Internal Financial Controls (IFC) as defined by HO in the Risk and Control Matrix (RCM).
• Monitoring of ABG, PBG, any other guarantees, insurances to ensure timely renewal, reduction as per contractual conditions.
• Compliance with tax regulations.
• Provide required support to the execution team and being an integral part of the project team, becoming a core finance support to the team for all finance-related matters on site.
• Anticipate issues, discuss with the controller manager, and take proactive actions to resolve issues.
• Timely filling of man days for self against respective projects.
• Check that the timesheets of staff working on his project are filled timely and properly.
• Supervise the day-to-day work of site accountant, provide guidance, and support for efficient conduct of site tasks.
• Support to central controlling team on various analysis and adhoc requests.

Desirable Skills:

• Excellent interpersonal skills.
• Well-versed with Microsoft PowerPoint and Excel.
• Strong in follow-ups.
• Go-Getter approach.
• Basic knowledge of SAP.
• High sense of responsibility, commitment, and effective communicator.

Educational Qualification:

MBA Finance / CA-Inter / ICWA

Work Experience:

Total experience of 6 to 10 years.