Cost Controller - Infrastructure Projects.

Job description URGENT REQUIREMENT Cost Controller - Infrastructure Projects. JOB LOCATION Parel Mumbai EXPERIENCE 5 to 10 Years. CTC Max – Best in the Industry *Role Summary: * A Cost Controller in Indian infrastructure projects is the financial guardian of project execution. They ensure projects are delivered within approved budgets through rigorous cost monitoring, forecasting, analysis, and proactive risk mitigation, while navigating the specific complexities of the Indian infrastructure landscape (regulatory, market, environmental). *Core Objective:* To achieve optimal project profitability and financial control by providing accurate cost visibility, enabling data-driven decision-making, and safeguarding against cost overruns. JOB PROFILE: 1) Budget Management: Develop, maintain, and control detailed project budgets (BOQ/Cost Breakdown Structure) aligned with the approved project estimate. 2) Cost Tracking & Reporting: Implement robust systems to capture all project costs (labor, materials, plant & machinery, subcontracts, overheads, land, R&R, statutory) accurately and timely. Generate regular (weekly/monthly) cost reports (EVM - Earned Value Management, CPI, SPI, Variance Analysis). 3) Forecasting: Prepare accurate monthly cost-to-complete (CTC) and estimate-at-completion (EAC) forecasts, highlighting potential overruns/savings proactively. 4) Variance Analysis: Investigate and report significant cost variances (vs. Budget, vs. Forecast), identify root causes (productivity, wastage, rate changes, scope creep), and recommend corrective actions. 5) Change Order Management: Track, evaluate, and report the financial impact of variations, change orders, and claims (Client & Contractor). Ensure proper documentation and approval. 6) Cash Flow Forecasting: Assist in developing and updating project cash flow projections. 7) Risk & Opportunity Register: Maintain the financial aspects of the project risk register, quantifying potential impacts and tracking mitigation costs/benefits. 8) Procurement & Contract Support: Review tender costs, evaluate bids, support contract negotiations (esp. price/variation clauses), monitor subcontractor/vendor invoices against progress/commitments. 9) Inventory & Material Control: Monitor material consumption vs. budget, track wastage, reconcile physical stock, and manage project inventory valuation. 10) Plant & Equipment Costing: Track utilization, ownership/rental costs, maintenance, and fuel consumption for major equipment. 11) Statutory Compliance: Ensure cost allocation adheres to relevant Indian accounting standards (Ind AS), GST regulations, tax implications (TDS), and project-specific statutory requirements (land acquisition costs, R&R). 12) Systems & Processes: Utilize and maintain project cost control software (e.g., Primavera, MS Project, ERP modules like SAP PS, Oracle PPM, specialized cost software) and implement standardized cost control procedures. 13) Project Closeout: Finalize project accounts, analyze actual vs. budget performance, capture lessons learned for future estimates. *Qualifications & Experience: * 1) Education: Bachelor's degree in Engineering (Civil preferred), Commerce (B.Com), or Finance (BBA Finance). ICWA/CMA is compulsory. MBA (Finance) is advantageous. 2) Experience: 5-8+ years of direct cost control/cost engineering experience, with a *minimum of 3+ years specifically in large-scale infrastructure projects* in India (Roads, Bridges, Railways, Ports, Airports, Power T&D, Water, Urban Infrastructure). *Technical Skills:* 1) Expertise in project cost control principles & techniques (EVM, CBS, Forecasting). 2) Proficiency in MS Excel (Advanced - Pivots, Lookups, Macros) and MS Office Suite. 3) Hands-on experience with project scheduling software (Primavera P6, MS Project) and ERP systems (SAP PS/CO, Oracle PPM). 4) Strong understanding of infrastructure BOQ preparation and measurement (CPWD, MORTH, State PWD standards). 5) Knowledge of Indian Contract Laws (FIDIC variants, MCA, EPC contracts) and Tendering processes. 6) Understanding