Job Description

Role Overview

We are seeking an experienced Cost Manager to lead cost planning, budgeting, forecasting, and cost control activities across projects and business operations. The ideal candidate will have a robust background in project cost management, commercial controls, financial analysis, and stakeholder management, with proven experience in delivering projects within budget while maximizing value and minimizing risks.

Key Responsibilities

Cost Planning & Budget Management
Develop and manage project budgets, cost estimates, and financial forecasts.
Establish cost control procedures, standards, and reporting frameworks.
Monitor project expenditures and ensure alignment with approved budgets.
Conduct cost-advantage analyses and recommend cost optimization strategies.

Cost Control & Reporting
Track actual costs against budget and forecast variances.
Prepare periodic cost reports, dashboards, and performance metrics for senior management.
Analyze trends, risks, and opportunities impacting project costs.
Ensure timely identification and escalation of cost overruns and mitigation measures.

Contract & Commercial Management




Review contracts, change orders, claims, and commercial implications.
Evaluate contractor invoices, variations, and payment applications.
Support procurement and vendor negotiations from a cost management perspective.
Ensure compliance with contractual and financial obligations.

Forecasting & Risk Management
Lead monthly forecasting and cash flow projections.
Identify financial risks and develop mitigation plans.
Support project teams in scenario analysis and decision-making processes.
Maintain contingency planning and risk adjustment mechanisms.

Stakeholder Management
Partner with project managers, finance teams, procurement teams, and external stakeholders.
Present cost performance updates to leadership and clients.
Provide commercial guidance throughout project lifecycle phases.

Process Improvement
Drive continuous improvements in cost management methodologies and systems.
Implement best practices, automation tools, and reporting efficiencies.
Mentor and guide junior cost engineers/analysts.

📌 Cost Manager Gurugram (India)
🏢 Turner & Townsend
📍 India