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Cost Controller

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Thāne, Maharashtra, India beBeeCostController Full time ₹ 15,00,000 - ₹ 16,00,000
Job Title: Cost Controller

Our ideal candidate will have a proven track record in project cost control, with a strong background in accounting and finance. They will be responsible for analyzing and monitoring project costs, identifying areas of cost savings and implementing strategies to minimize waste.

  • Key Responsibilities:
  • Project Cost Analysis and Control
  • Monitor, analyze, and report on project costs for large-scale projects.
  • Track costs across engineering, procurement, and construction phases, ensuring alignment with budgets.
  • Prepare detailed variance reports, analyzing the causes of deviations between budgeted and actual costs.
  • 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 and Cost Compliance:
  • Ensure compliance with contractual agreements and project-specific financial regulations.
  • Validate costs in line with the contract terms and identify any cost overruns or savings opportunities.
  • Conduct audits to ensure all costs are allocated accurately to their respective projects and phases.

Required Skills:

  • Knowledge of Standards: Familiarity with all IFRS, particularly IFRS 15 (Revenue from Contracts with Customers), IFRS 9, IFRS 16 and IAS 16
  • Industry-Specific Knowledge: Understanding of EPC project lifecycle, cost drivers, and risks.
  • Technical Proficiency: Familiarity with project management and accounting software (SAP, Oracle).
  • Analytical Skills: Strong skills in cost analysis, budgeting, and variance analysis.
  • Communication Skills: Ability to present cost information and insights effectively to management.