Cost Control Specialist

3 days ago

Ellore, Andhra Pradesh, India beBeeCostControl Full time ₹ 15,00,000 - ₹ 22,00,000
Cost Control Specialist

Strengthen our finance function by upholding performance and precision.

Key Responsibilities:
  • Project Budget Oversight:
    • Collaborate with project managers to develop, monitor, and control project budgets.
    • Track actual project costs versus budgets, focusing on staff time allocation and related expenses.
    • Identify variances, trends, and potential overruns; propose corrective actions proactively.
  • Resource Deployment:
    • 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 Insights & 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 Efficiency & Compliance:
    • Establish cost control systems, procedures, and reporting formats.
    • Ensure compliance with internal controls and client-specific 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.
  • Additional Responsibilities:
    • Support the Head of Finance in group-level reporting and forecasting, integrating project financials into broader business plans.
    • Contribute to international tax matters, inter-company transactions, and cross-border project flows optimization.
    • Assist with client-facing reporting requirements, including detailed cost reports and reconciliations.
    • Champion strong internal controls and promote financial discipline within project teams.
    Required Skills & Qualifications:
    • Bachelor's degree in Finance, Accounting, or related field; CMA, CA or MBA is a plus.
    • 8–10 years of experience in cost control, preferably in a project-based or consulting environment.
    • Strong understanding of project accounting, time tracking, and resource management systems.
    • Proficient in MS Excel; experience with ERP/project management tools.
    • Excellent analytical, communication, and organizational skills.
    Required Knowledge & Skills:
    • Strong 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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