Job Description
A Cost Controller manages a project’s or organization’s budget by monitoring expenditures, analyzing financial data, and implementing cost-saving measures to ensure profitability. They work with teams to estimate, track, and report on project costs, including labor and materials, to prevent overruns.
Requirements
• Develop, manage, and monitor project budgets, ensuring accurate financial forecasting and reporting.
• Conduct variance analysis to identify and explain deviations from budgeted amounts, recommending corrective actions as needed.
• Ensure adherence to financial policies, procedures, and compliance standards throughout the project lifecycle.
• Establish and maintain key performance indicators (KPIs) to assess project progress and success including Labor Performance.
• Prepare detailed status reports and executive summaries.
• Facilitate regular project review meetings, providing data-driven insights to inform decision-making
• Identify potential project risks and issues, developing strategies for mitigation and contingency planning
• Collaborate with the Project manager to implement risk management practices, ensuring proactive responses to challenges.
• Serve as a primary point of contact for project-related financial inquiries and reporting.
• Communicate effectively with cross-functional teams, ensuring alignment and transparency regarding project status and financial health.
• Analyze project management and financial processes to identify areas for improvement and efficiency gains.
• Implement best practices for project control and reporting, fostering a culture of continuous improvement.
• Ensure all project documentation is accurate, complete, and readily accessible for audits and reviews.
• Prepare and issue progress billing invoices in alignment with project milestones and contractual requirements.
• Responsible for managing and overseeing Change Order Management processes to ensure compliance, accuracy, and efficiency.