Job Description
Key Responsibilities:
1. Project Budgeting & Cost Planning:
- Preparation of detailed project cost sheets
- Assist in feasibility study & cost estimation
- Prepare BOQ-based budget tracking
- Develop project cash flow forecasts
- Monitor budget utilization project-wise
2. Cost Monitoring & Variance Analysis:
- Track actual vs budget on a monthly basis
- Identify cost overruns and recommend corrective action
- Analyze RCC, MEP, finishing, liaisoning, and marketing costs
- Department-wise overhead allocation
3. Contract & Vendor Cost Control:
- Review work orders and contracts
- Validate RA bills & contractor claims
- Certification coordination with Project Team
- Monitor change orders and additional work cost impact
- Control usage of miscellaneous expense heads
4. WIP & Inventory Control:
- Monitor Work-in-Progress (WIP)
- Ensure proper capitalization of project costs
- Cost allocation between inventory & expense
- Revenue recognition coordination with accounts
5. Cash Flow & Fund Control:
- Track project inflows vs outflows
- Align cost planning with funding availability
- Monitor finance cost capitalization
- Support loan drawdown planning
6. ERP & Cost Systems:
- Ensure correct cost booking in ERP
- Validate cost center & project coding
- Assist in setting up budget controls in ERP
- Maintain cost control MIS
7. MIS & Reporting:
- Monthly Project Cost Report
- Budget variance report
- Department-wise overhead analysis
- Project margin tracking
- Management presentation support
Desired Skills:
- Strong understanding of construction costing and BOQ analysis
- Real estate accounting knowledge
- Advanced Excel skills (Pivot, MIS, Costing)
- ERP knowledge (Construction ERP preferred)
- Analytical and commercial mindset
Qualification:
- CMA / MBA Finance / Civil Engineer with Costing Experience
- 5–8 years experience in Real Estate / Construction