Cost Controller
Posted Today by ALOIS UK
Negotiable
Undetermined
Undetermined
Stafford, England, United Kingdom
Summary: The Cost Controller role involves maintaining project budgets, supporting forecast estimations, and ensuring accurate cost tracking for large and complex infrastructure projects. The position requires collaboration with project teams and budget holders to communicate cost status and mitigate risks effectively. The ideal candidate will have extensive experience in cost controlling and project finance, along with a strong understanding of ERP systems. Educational qualifications include a degree in finance or engineering with financial training.
Key Responsibilities:
- Maintains project cost to complete budgets in alignment with as sold position and in coordination with budget holders.
- Supports forecast estimation and verifies the accuracy of actual to date costs (material, labor, manufactured costs, suppliers’ invoices, timesheets, travel expenses).
- Aligns with project team and time schedule to ensure forecasted cost risks are accurately captured and costs time phased.
- Checks and controls cost movements, compares with current scope and progress as well as with previous forecasts.
- Compares with productivity factors and validates accuracy of estimates.
- Communicates cost status/forecasts/risk to budget holders and drives/supports risk mitigation and cost out.
- Presents all financial data in a transparent way, attends project and management review to present cost status, budget deviations, and root causes.
- Aligns with Finance Controller to ensure reconciliation takes place between approved project financial data and books.
- Aligns with planner to ensure costs and schedule are aligned, providing time phased cost forecasts for sales pacing.
- Reports on cost movement root causes impacting sales targets.
Key Skills:
- Degree qualified in finance or engineering (with financial training).
- Extensive experience of cost controlling of turnkey projects.
- Demonstrable experience of leading on large & complex infrastructure projects.
- Deep understanding of project finance with expert knowledge of ERP systems (SAP preferred).
- Experience managing small teams within a large project.
- Understanding of risk management processes and tools.
- Project planning experience with good P6 planning software understanding an advantage.
Salary (Rate): undetermined
City: Stafford
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
Responsabilities Maintains project cost to complete budgets in alignment with as sold position and in coordination with budget holders Supports forecast estimation and verifies the accuracy of the actual to date cost (material, labor, manufactured costs, suppliers’ invoices, timesheets, travel expenses.) Aligns with project team and time schedule to ensure forecasted cost risks are accurately captured and costs time phased Checks and controls cost movements, compares with current scope and progress as well as with previous forecast. Also Compares with productivity factors and validates accuracy of estimates Communicates cost status/forecasts/risk to budget holders and drives/supports risk mitigation and cost out Presents all financial data in a transparent way, attends project and management review to present cost status, budget deviations and root causes Aligns with Finance Controller to ensure reconciliation takes place between approved project financial data and books. Aligns with planner to ensure costs and schedule are aligned, providing time phased cost forecasts for sales pacing. Reports on cost movement root causes impacting sales targets. Educational Requirements Degree qualified either in finance or may have engineering degree (with financial training) Desired Knowledge & Experience Extensive experience of cost controlling of turnkey projects Demonstrable experience of leading on large & complex infrastructure projects Project finance deep understanding with expert knowledge of ERP systems (SAP preferred) Experience managing small teams within a large project Risk management processes and tools understanding Project planning experience/good P6 planning software understanding an advantage