To monitor, analyze, and control project costs through accurate budgeting, reporting, and forecasting while ensuring financial compliance and supporting effective decision-making.
Job Responsibilities:
Review project cost baseline with Procurement and Estimation teams.
Track actual project costs vs budget and highlight deviations.
Prepare cost reports (weekly/monthly), variance analysis, CPI, and EAC forecasts.
Identify cost trends, risks, and recommend corrective actions.
Review and validate purchase requisitions, invoices, and material requests.
Ensure no expenditure without approvals and alignment with baseline.
Evaluate financial impact of change orders and variations.
Update forecasts based on approved changes.
Monitor project cash flow and ensure financial alignment.
Maintain cost control systems and allocation of expenses.
Track petty cash and indirect costs in ERP system.
Review down payments for subcontractors and suppliers.
Job Requirements:
4-7 years experience in cost control (construction/EPC/real estate).
Ability to manage project budgets, analyze financial data, and support cost reporting.
Strong knowledge of cost control processes, WBS, and cost coding structures.
Familiarity with ERP systems (Oracle, SAP, etc.).
Proficiency in MS Office (Excel, Word, PowerPoint).
Solid understanding of Earned Value Management (EVM).
