Budgeting & Cost Control

3 hours ago

Noida, Uttar Pradesh, India Avaada Energy Full time ₹ 6,00,000 - ₹ 8,00,000 per year

Job Description:- Budgeting & Cost Control

Role: Cost Control and EPC Contracts Management Specialist

Location: Noida

About Avaada

Avaada Group is Indias leading integrated energy enterprise with diversified businesses across renewable energy generation, solar module manufacturing, and emerging green fuels like green ammonia. With a vision to contribute to a sustainable future, Avaada is committed to innovation, excellence, and clean energy solutions while creating value for stakeholders, employees, and society at large.

Role Overview

The role of Cost Control and EPC Contracts Management Specialist is critical in ensuring financial discipline and efficiency in project execution. The incumbent will be responsible for preparing and monitoring project budgets, implementing cost control measures, managing EPC contracts, and ensuring compliance with contractual and regulatory requirements. This role provides an opportunity to work in a dynamic environment supporting large-scale renewable energy projects, driving cost efficiency, and strengthening contractual governance.

Key Responsibilities

Cost Control

  • Budget Development: Create, monitor, and update project budgets, ensuring alignment with organizational goals.
  • Cost Tracking: Implement cost control processes to track expenditures, identify variances, and ensure alignment with budgets.
  • Forecasting: Develop financial forecasts based on project timelines and resource allocation, adjusting as necessary.
  • Reporting: Prepare detailed financial reports on cost performance and variances, with recommendations for management.
  • Risk Analysis: Identify financial risks related to project costs and propose mitigation strategies.

Contract Management

  • Contract Preparation: Draft, review, and finalize EPC contracts ensuring clarity, comprehensiveness, and value creation.
  • Compliance Monitoring: Ensure all project activities adhere to contract terms, conditions, and regulations.
  • Change Management: Manage contract modifications, assess financial impact, and secure necessary approvals.
  • Dispute Resolution: Resolve contractual disputes efficiently while maintaining positive relationships.
  • Documentation: Maintain accurate and updated records of contracts, amendments, and communications for audits.

Desired Candidate Profile

  • Strong knowledge of cost control, budgeting, and EPC contract management.
  • Prior experience in the renewable energy, construction, or engineering sectors is highly desirable.
  • Excellent analytical, negotiation, and problem-solving skills.
  • Ability to work collaboratively with cross-functional teams and manage multiple projects simultaneously.
  • Strong communication and stakeholder management skills with attention to detail.

Educational Qualification

  • Bachelor's degree in Finance, Accounting, or a related field is required.
  • Professional certifications such as CPA (Certified Public Accountant), CMA (Certified Management Accountant), or CCM (Certified Construction Manager) will be an added advantage.

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