The Project Controller is responsible for the accurate management of the financial accounts of all assigned projects within the Business Line. The primary function of this role is to accurately track and report project revenues, change orders, costs, overheads, actual and forecast Earned Value and projected versus actual cash flow.. Work with project managers to design and optimize best financial strategies that achieve all project contractual requirements with productive use of resources. Validation before submission to client and tracking of invoice payments against modelled cash flows. Project revenues (both invoices and WIP) and cost to be reconciled with accounts department to ensure matching values at month end closing.
Project Controller shall advise Service Line Managers and Project Managers on their individual project financial (EVA and Cash) performance. In addition to this function, the Project Controller shall assist the Business Line Directors and Service Line Managers in preparation of the required monthly financial accounts and reports.
Is responsible for controlling the project costs and updating the project cost forecast including schedule impacts on costs for one or more projects at complexity level 1, 2 and 3 by producing and maintaining monthly financial forecast and work-in-progress reports.
Primary Duties and Responsibilities
1. Financial
a) Maintain accurate actualrevenue and cost records of all medium to large projects;
b) Forecast Earned Value and Cashflow with the ability to develop optimal financial strategies with project managers before deployment/commitment of resources;
c) Reconcile project revenue and costs with accounts department
d) Setup project schedule contract invoicing and cash milestones.
e) Validate project invoices before submission to client and track client payment cashflows.
f) Track and advise project managers on individual project outstanding DRO (Days Receivable Outstanding) and DBO (Days Billing Outstanding) days
g) As