Chief Cost Manager

2 weeks ago

Guntur, Andhra Pradesh, India beBeeCostManagement Full time ₹ 1,00,00,000 - ₹ 1,50,00,000
Job Description:

We are seeking a seasoned Cost Management Specialist to join our team. As a key member of our finance function, you will play a critical role in ensuring the successful delivery of projects within budget.

Main Responsibilities:
  1. Budget Management:
  • Collaborate with project managers to develop and manage project budgets.
  • Monitor actual project costs versus budgets, focusing on staff time allocation and related expenses.
  • Identify variances, trends, and potential overruns; propose corrective actions proactively.
Resource Optimization:
  • Maintain real-time visibility of staff deployment across projects.
  • Work closely 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 requirements.
  • Conduct cost audits and internal reviews to validate expense accuracy.
Collaboration & Communication:
  • Serve 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 the optimization of cross-border project flows.
  • Assist with client-facing reporting requirements, including detailed cost reports and reconciliations.
  • Promote strong internal controls and financial discipline within project teams.

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