Senior Project Cost Manager

1 day ago

Mumbai, Maharashtra, India beBeeCostController Full time ₹ 15,000 - ₹ 16,000
Cost Controller

We are seeking a highly skilled Cost Controller to join our team. The successful candidate will be responsible for analyzing and managing project costs, ensuring accurate financial reporting and forecasting.

Key Responsibilities:
  • Cost Analysis and Control:
  • Monitor and analyze project costs, identifying areas for improvement and implementing cost-saving strategies.
  • Analyze and report on project expenses, preparing detailed variance reports and providing insights to management.
  • Progress Monitoring and Reporting:
  • Collaborate with project teams to track progress and update percentage-of-completion calculations as per IFRS 15.
  • Provide regular financial and cost reports, analyzing project expenses and forecasting costs for budgeting purposes.
  • Contract and Cost Compliance:
  • Ensure compliance with contractual agreements and project-specific financial regulations.
  • Validate costs in line with the contract terms, identifying any cost overruns or savings opportunities.
  • Inventory and Procurement Cost Management:
  • Work with procurement to control and analyze material and service costs.
  • Implement strategies to minimize waste and optimize inventory levels.
  • 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.
  • Financial Reporting and Forecasting:
  • Prepare regular financial and cost reports, analyzing project expenses and forecasting costs for budgeting purposes.
  • Collaborate with the finance department to support overall financial reporting.
Required Skills:
  • Familiarity with IFRS, particularly IFRS 15, IFRS 9, IFRS 16, and IAS 16.
  • Understanding of EPC project lifecycle, cost drivers, and risks.
  • Familiarity with project management and accounting software (SAP, Oracle).
  • Strong skills in cost analysis, budgeting, and variance analysis.
  • Ability to present cost information and insights effectively to management.

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