Project Cost Controller
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Posted: November 14, 2024
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Quick Summary
Project Cost Controller is responsible for monitoring and controlling project costs, ensuring efficient project execution within budget, and reporting on the progress.
Required Skills
Job Description
 Project Cost Controller (Reports to Group Financial Controller):
 
·       Job Description: 
Monitors and controls project costs, ensuring efficient project execution within budget, reports on the progress. 
 
·       Responsibilities:
o   Works collaboratively with Head of Projects, Head of Operations, Project Managers during the Budgeting Process for each Project, and Any Variation Orders to produce the Budget for approval.
o   Monitors Project Expenditures against the Approved Budget and Identifies and Reports Variances.
o  Checks that time is properly accounted for in projects.
o  Produces the Percentage of Completion Sheets for all the projects of each company and discusses them with the Projects and Operations Department then reports them to the Accounting on a monthly basis to account for it.
o   Analyzes Cost Variances and Provides Insights for Corrective Actions.
o   Prepares with the Projects Department and Operations Department the Project Cost Reports and Monthly Forecasts (Income, Cost, and Cash Flow).
o   Participates in Project Reviews and Provides Financial Updates to Project Stakeholders.
o  Records the minutes of the cost control and the PMO meetings.
o   Ensures Adherence to Cost Control Procedures for all Projects.
o   Reports to Group Financial Controller on How Project Managers and the Operations Department has Achieved its KPIs.
o  Monitors the suppliers costs in relation with the P.O. issued and received invoices.
o  Helps in the Monthly and Quarterly closings and production of reports. 
 
·       Authorities: Approves project budget and amendments within set limits and flags (and significant cost deviations requiring management intervention) to be sent for final Approval by the Group Financial Controller.
 
 
• Degree Qualification or equivalent in Quantity Surveying
• 10+ years experience of project cost controlling, change control and reporting in life science/pharma construction projects
• Understanding and experience in forecasting, budget movements, commitments, EFC and cash flows
• Ability to work with other multifunctional stakeholders i.e schedulers/planners, finance, risk
• Good working knowledge of Excel essential, experience with SAP would be advantageous
All your information will be kept confidential according to EEO guidelines.