Urgent Chance for the role of Lead Cost Controller Aurangabad site

Position Summary

To monitor, control, and optimize project costs throughout the project lifecycle by ensuring accurate budgeting, forecasting, reporting, and variance analysis while supporting project delivery within approved financial limits.

Key Responsibilities

1. Project Cost Planning & Budgeting

Prepare detailed project budgets and cost baselines in coordination with project teams. Develop Work Breakdown Structure (WBS) and allocate costs accordingly. Assist in cost estimation inputs during tendering and project initiation phases.

2. Monitoring Cost & Control

Track actual project costs vs budget on a monthly/quarterly basis. Identify cost deviations and highlight cost overruns or savings opportunities. Ensure strict adherence to approved budget limits

3. Variance Analysis

Conduct budget vs actual variance analysis. Analyze key cost drivers like: Materials, Labor, Equipment, Subcontracting. Recommend corrective actions for adverse variances.

4. Forecasting & Cash Flow Management

Prepare cost forecasts and update Cost to Completion (CTC). Develop and monitor cash flow projections. Track project financial performance trends.

5. Cost Reporting

Generate periodic cost reports such as:



Cost Performance Reports (CPR), MIS reports, Monthly cost dashboards. Present insights to project managers and senior management.

6. Contract & Billing Control

Monitor vendor/subcontractor billing and payments. Verify invoices against work progress and contract terms. Support in client billing/certification processes.

7. Change & Risk Management

Evaluate change orders / variation orders and their financial impact. Track and manage claims, risks, and contingencies. Ensure proper documentation and approvals.

8. Coordination & Stakeholder Management

Work closely with: Project Managers, Planning Engineers, Procurement teams, Finance teams. Provide financial insights for decision-making.

9. Systems & Compliance

Use ERP systems (e.g., SAP and internal Tools/systems) for cost tracking. Ensure compliance with: Company financial policies, Audit requirements, Cost control procedures

Education:

- Postgraduate or masters degree in construction / project management OR Bachelor's degree in Engineering, Construction Management.

5+ years of experience in managing EPC projects specifically in the domain of project controls

📌 Lead Cost Controller (Gujarat)
🏢 Tata Projects
📍 Gujarat