Responsibilties
Cost Planning & Budgeting:
Support the development of project budgets, cost estimates, and financial plans.
Establish cost breakdown structures (CBS) aligned with project scope.
Assist in preparing annual budgets and cost forecasts.
Cost Monitoring & Control:
Track actual costs against approved budgets and commitments.
Monitor expenditures, accruals, and cost commitments.
Identify cost deviations and flag potential overruns early.
Financial Reporting:
Prepare daily, weekly, and monthly cost reports.
Provide detailed variance analysis (budget vs. actual vs. forecast).
Generate cost performance indicators for management review.
Forecasting & Analysis:
Develop and update cost forecasts (Estimate at Completion - EAC).
Analyze trends and recommend corrective actions.
Support cash flow forecasting and financial planning.
Project & Contract Support:
Work closely with project managers, engineers, and procurement teams.
Review contractor invoices and verify against progress and contract terms.
Monitor contract performance and cost implications.
Change Management:
Track and evaluate cost impact of change orders and variations.
Ensure proper documentation and approval of all cost changes.
Maintain change logs and update budgets accordingly.
Systems & Data Management:
Utilize financial and project control systems (e.g., SAP, Oracle, Primavera).
Maintain accurate cost data, records, and documentation.
Ensure data integrity and audit readiness.
Compliance & Governance:
Ensure compliance with company financial policies and procedures.
Support internal and external audits.
Adhere to industry standards and reporting requirements.
Qualification
Interested candidates should possess a Bachelor's Degree in any relevant field.