Urgent Opening for Cost Manager at Real Estate company
Principal Accountabilities:
- In-depth review of Quarterly Cost to Completion exercise of all Ongoing Projects. Ensure full control and timely monitoring of all cost elements and flag early signs of overrun.
- Support in Timely structured review and approval of new project Cost budget at different stages- CD, SD, DD, GFC etc.
- Sound Knowledge of Project Lifecycle costing and tracking quarter on quarter cost estimates against original business plan.
- Support in Internal & External benchmarking of Costs and driving cost saving initiatives with Project team.
- Analysis of major cost heads of packages being awarded and give recommendations to HoD for financial approval of Contracts.
- SAP related automations and Standardisation of overall project cost Structure (WBS), savings, escalation, contingency budgets etc.
- Support in onboarding & development support for Project Lifecycle Management tools.
- Tracking & preparing project related MIS & monitoring of Project cashflows against planned progress.
- Support to FP&A team for annual project budget and cash-flow forecast.
- Detailed review and pre-approval of all contracts on financial terms, cost and tax optimisations and budgetary control.
- Finalise adequate insurance for all projects, diligence/financial pre-qualification of vendors, tracking and timely renewal of Bank Guarantees
- Ensure CA certification of Project for quarterly RERA certification and other cost certifications related to CTO, CTE, DTPC etc.
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