Job Summary:

The Senior Manager / AGM – Budgeting s Cost Monitoring (Projects) will be responsible for driving the financial planning, budgeting, and cost control functions for organisation’s development projects. The incumbent will play a key role in ensuring cost efficiency, budgetary compliance, and effective resource allocation across all stages of project execution — from concept and design through construction and handover.

This position requires a qualified with a strong foundation in construction cost management, financial analysis, and project budgeting, as well as a deep understanding of real estate design, engineering, and execution practices.

Key Responsibilities:

1. Project Budgeting & Cost Planning
- Develop comprehensive project budgets based on concept designs, drawings, BOQs, and historical cost data.
- Prepare cost estimates and forecasts at various design stages (concept, schematic, GFC).
- Conduct feasibility and sensitivity analyses to assess project viability.
- Identify cost-saving opportunities through value engineering in coordination with design and project teams.
- Maintain benchmark cost databases for different project typologies and regions.

- Cost Monitoring & Control

- Implement systematic cost control processes across all active projects.
- Monitor and analyze cost performance, identifying deviations and initiating corrective actions.
- Prepare monthly cost reports, financial dashboards, and cost-to-complete analyses for management review.
- Track project commitments,



expenditures, and forecasts to ensure alignment with approved budgets.

- Procurement & Contract Support

1. - Work closely with the Contracts C Procurement teams in preparing tender documents, bid evaluations, and cost analyses.
- Validate vendor quotations, recommend commercially viable options, and support award decisions.
- Review contractor claims, variations, and change orders for accuracy and budget impact.
- Support negotiations to optimize cost outcomes and ensure transparency in financial commitments.

- Financial Governance & Reporting

- Ensure adherence to internal financial policies, project accounting standards, and cost control procedures.
- Coordinate with the Finance team for project cash flow management, capitalization, and audit compliance.
- Generate timely MIS reports, dashboards, and management summaries on project financial performance.
- Maintain accurate cost records for ongoing and completed projects for audit and benchmarking purposes.

- Strategic Support & Cross-functional Collaboration

- Collaborate with senior project leadership to align cost management practices with organizational strategy.
- Provide insights on market cost trends, inflation impacts, and material/labor escalation risks.
- Participate in post-project reviews to identify lessons learned and improve forecasting accuracy.
- Engage with external consultants, contractors, and vendors to maintain market intelligence and cost benchmarks.

📌 Senior Manager/AGM – Budgeting and Cost Monitoring - Projects (Mumbai)
🏢 Elevate Campuses
📍 Mumbai