Position: Project Costing & Cost Control Executive Department: Finance Reporting To: Head of Finance Job Purpose To prepare cost estimates for furnace projects, monitor project costs against approved budgets, identify cost overruns and support Management in maintaining project profitability.

Key Responsibilities
Project Cost Estimation: Prepare project cost estimates based on BOMs, vendor quotations and inputs from Design, Purchase, Production and Project Management. Project Budgeting: Establish project-wise cost budgets after order confirmation, covering material, subcontracting, manufacturing and other applicable costs. Monthly Cost Monitoring: Track actual costs, open purchase orders, outstanding commitments and estimated costs to complete each project. Variance Analysis: Compare actual and forecast costs against approved budgets, identify deviations, analyse reasons and highlight potential cost overruns. Profitability Monitoring: Forecast total project cost and expected gross margin throughout project execution. Coordination: Work with relevant departments to obtain cost inputs, investigate variances and recommend corrective actions. Management Reporting:



Prepare monthly project cost reports highlighting budget variances, cost overruns, profitability risks and corrective actions. Project Closure: Compare estimated, budgeted and actual costs upon project completion and maintain historical costing data to improve future estimates. ERP and Process Improvement: Improve project-wise cost tracking, reporting accuracy and automation through the TCS iON ERP system. Qualifications and Experience Graduate or postgraduate qualification in Finance, Accounting or Costing; CA/CMA Inter or equivalent qualification preferred. 5–8 years of relevant experience in project costing, manufacturing costing or cost control. Experience in project-based manufacturing or engineering industries preferred. Solid Excel, ERP, analytical and communication skills. Key Performance Indicators (KPIs) Timely preparation of project cost estimates. Accuracy of cost estimates and final cost forecasts. Timely monthly cost reporting. Early identification and escalation of cost overruns. Accuracy of project profitability forecasts. Effective variance analysis and follow-up on corrective actions.

📌 Project Costing (Navi Mumbai)
🏢 Smart Moves Talent Crafters
📍 Navi Mumbai