Cost Control Assistant Manager

Key Responsibilities:

1)       Budget Development:

·       Assist in the preparation and development of projects budgets in collaboration with department heads and project managers in all destinations of the company.

·       Work closely with the line manager to ensure alignment of budgets with organizational goals and objectives.

2)       Cost Control, Monitoring and Analysis:

·       Assist in the development and implementation of cost monitoring systems.

·       Regularly analyze project budgets, expenditures, and forecasts to identify trends and potential cost overruns.

·       Collaborate with project teams to understand cost implications and provide insights for decision-making.

3)       Budget Management:

·       Support the preparation of project budgets by gathering and analyzing relevant cost data.

·       Work closely with the line manager to ensure accurate budget allocations and adjustments as needed.

·       Monitor budget performance and recommend corrective actions to mitigate variances.

4)       Budget Monitoring and Reporting:

·       Monitor budget performance regularly and prepare comprehensive reports highlighting key performance indicators and areas of concern.

·       Present budget status updates to management and recommend strategies for achieving financial targets.

5)       Reporting and Documentation:

·       Prepare and present regular cost control reports to management, highlighting key cost drivers and deviations from budget.

6)       Vendor and Contract Management:

·       Collaborate with procurement teams to evaluate vendor proposals and contracts from a cost perspective.

·       Monitor contractor performance and compliance with agreed-upon cost terms.

7)       Forecasting and Predictive Analysis:

·       Utilize historical cost data and industry benchmarks to develop accurate cost forecasts for upcoming projects.

·       Work with project teams to identify potential risks and uncertainties that may impact project costs.

8)       Process Improvement:

·       Identify areas for process improvement within the cost control function and collaborate with the team to implement enhancements.

·       Stay abreast of industry best practices and emerging tools for cost control and recommend their adoption as appropriate.

Deliverables:

1)       Monthly Cost Reports:

·       Timely and accurate reports detailing project cost performance, budget variances, and forecasted outcomes.

2)       Budget Proposals:

·       Well-prepared budget proposals that align with project requirements and financial goals.

3)       Budget Movement:

·       Timely updates on budget status, highlighting achievements and areas requiring attention.

4)       Cost Forecasts:

·       Reliable and data-driven cost forecasts for upcoming projects, facilitating proactive decision-making.

5)       Documentation:

·       Organized and comprehensive documentation of cost-related activities for audit purposes.

6)       Process Improvement Recommendations:

·       Proposals for process improvements within the cost control function, demonstrating a commitment to continuous enhancement.

Requirements

• Bachelor's degree in Civil Engineering, Construction Management, or a related field.
• Preferably 5–8 years of experience in cost control, project budgeting, or project controls.
• Experience in real estate development or construction projects is highly preferred.