Cost Controller

Job Purpose:

The Senior Cost Controller is responsible for managing financial performance analysis, including cost attribution, budgeting, forecasting, accruals, cash flow monitoring, and payments processing. This role ensures cost control and reporting are compliant and efficient throughout the project lifecycle.

Key Responsibilities:

Cost Management:

• Develop detailed cost breakdowns for projects (labor, materials, equipment).
• Track and monitor actual costs against the approved budget.
• Prepare monthly cost reports, analyze budget variances, and provide project progress insights.
• Proactively reduce project costs and collaborate with project teams for cost efficiency.
• Evaluate bids and subcontractor proposals to ensure cost-effectiveness.
• Perform cost-benefit analyses and provide financial feasibility recommendations.

Project Support:

• Align cost strategies with project goals and schedules.
• Assist in procurement strategies for specialized equipment and services.

System and Process Management:

• Implement and maintain cost control systems to track budgets, commitments, and forecasts.
• Develop Cost Breakdown Structures (CBS) and integrate them with Work Breakdown Structures (WBS).

Required Competencies:

Educational Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.

Experience:

• 5-10 years in project controls with intermediate to senior-level experience in planning, scheduling, and costing.