Project Cost Controller
1 week ago
The Project Cost Controller is responsible for accurate financial management of all assigned projects within the Business Line. This role involves tracking and reporting project revenues, change orders, costs, overheads, Earned Value (EVA), and cash flow forecasts. You will collaborate with Project Managers to design optimized financial strategies, validate invoices, track payments, and reconcile revenues and costs with accounts. You will also advise Service Line Managers and assist Business Line Directors in preparing monthly financial reports.
Primary Duties and Responsibilities:
Financial Management
- Maintain accurate records of actual revenues and costs for medium to large projects.
- Forecast Earned Value and cash flow, working closely with project managers to optimize financial strategies before resource deployment.
- Reconcile project revenue and costs with the accounts department.
- Set up project schedules, contract invoicing, and cash milestones.
- Validate invoices before submission to clients and track payment cash flows.
- Monitor and advise on Days Receivable Outstanding (DRO) and Days Billing Outstanding (DBO) for individual projects.
- Assist in preparation of monthly and quarterly project financial reports.
- Prepare monthly revenue and margin forecasts for projects.
- Follow up with clients for timely payments and pursue overdue accounts as per contract terms.
Principal Working Relationships
- Collaborate with Project Managers, Project Coordinators, Business Controllers, and other stakeholders to ensure financial control and reporting.
Qualifications:
- Bachelors degree in Commerce (B.Com), CA Intermediate, or MBA with Finance specialization.
- 2 to 5 years of experience in project cost control or financial project management.
- Fluent in English (written and spoken).
Role-Specific Behavioral Competencies:
- Problem-solving / Judgment: Use data and analysis to critically solve problems.
- Teamwork: Ability to work effectively and collaboratively in a team setting.
- Information & Communication: Convey and receive information clearly and timely using appropriate communication tools.
- Client Focus: Ability to generate satisfaction and maintain long-term client relationships.
- Planning & Organizing: Prioritize tasks, manage resources, and monitor timely delivery to achieve goals.
- Agility: Adapt and respond positively to change, showing initiative in uncertain situations.
HSE Responsibilities:
- Ensure personal and others' safety on site.
- Follow all safety procedures and use appropriate PPE.
- Participate in safety drills and report hazards promptly.
- Maintain safe housekeeping in the workplace.
- Be empowered to stop unsafe operations and handle fire extinguishers if needed.
- Report incidents to supervisors and HSE managers immediately.
- Complete mandatory HSE training sessions.
What We Offer:
At Fugro, we provide a positive, inclusive work environment and exciting projects that challenge curious minds. We encourage personal growth and give you the freedom to innovate and excel. Join us to explore the earth and help create a safer, more sustainable world.
Diversity, Equity & Inclusion:
Our strength lies in the diversity of our people and their unique perspectives. We foster an inclusive environment where everyone is respected, valued, and heard. We stand firmly against discrimination and unfair treatment.
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