AGM Commercial (Matunga)

Lodha; Mumbai Suburban; Presencial; INR 1.500.000 - 2.100.000; Tempo integral

Resumo da vaga

Lodha is seeking a cost control and budgeting leader to manage the project’s financial planning, cost monitoring, and contract administration in Mumbai. The role supports management with accurate analysis and forecasting to safeguard profitability.

The incumbent will collaborate with Procurement, Planning, and Finance teams to ensure timely vendor payments, budget adherence, and compliance with company policies. This position requires on-site presence at the project site in Mumbai Suburban.

Qualificações

• Experience in cost control and budgeting for large construction projects.
• Ability to analyze financial data and forecast project profitability.
• Manage contracts and vendor payments in line with company policies.

Responsabilidades

• Prepare and finalize detailed Project Cost to Complete (CTC) based on design, specifications, and construction methodology.
• Establish cost monitoring systems and track project expenditure against approved budgets.
• Monitor CM discretionary spend within organizational norms.
• Support management in cash flow planning, cost forecasting, and AOP finalizations.
• Ensure timely certification and closure of vendor bills, minimizing hold-ups and disputes.
• Implement cost control mechanisms to track site-level expenses, consumables, and petty cash usage.
• Work with Procurement for preparation and finalization of work orders and amendments.
• Issue contract amendments for approved extra items, deviations and variations.
• Scrutinize and validate extra item proposals, rate analyses, and change orders.
• Maintain a contract register and track deliverables, milestones, and financial commitments.
• Document approvals and budget adjustments for variations and scope changes.
• Maintain updated records of all commercial deviations for audits and reporting.
• Support adherence to policies and approval protocols.
• Coordinate with Project Execution, Planning, Finance, and Design teams for smooth processes and timely vendor payment.
• Mentor team members and build capability in cost planning and contract management.

Conhecimentos

Cost control

Budgeting

Contract management

Financial analysis

Forecasting

Vendor management

Descrição da vaga

Job Profile:

To lead and manage the cost control, budgeting, and commercial functions of the project, ensuring effective financial planning, cost monitoring, contract management, and adherence to company policies. The role is responsible for maintaining project profitability, ensuring cost discipline, and supporting management in decision‑making through accurate cost analysis and forecasting.

Key Responsibilities:

• Prepare and finalize detailed Project Cost to Complete (CTC) based on design, specifications, and construction methodology. Coordinating the finalization process along with the DCO team.
• Establish cost monitoring systems and track project expenditure against approved budgets.
• Monitoring CM Discretional Spent to be within Organizational norms.
• Support management in cash flow planning, cost forecasting, and AOP finalizations.
• Ensure timely certification and closure of vendor bills, minimizing hold‑ups and disputes.
• Implement cost control mechanisms to track site‑level expenses, consumables, and petty cash usage.
• Work closely with the Procurement team for preparation and finalization of work orders, service orders, and amendments.
• Ensure timely issuance of contract amendments for approved extra items, deviations, and variations.
• Scrutinize and validate extra item proposals, rate analyses, and change orders.
• Maintain a comprehensive contract register and track deliverables, milestones, and financial commitments.
• Ensure proper documentation, approvals, and budget adjustments for variations and scope changes.
• Maintain updated records of all commercial deviations for audit and management reporting.
• Drive adherence to companys commercial policies and approval protocols.
• Highlight potential risks or savings opportunities through analytical cost insights.
• Support internal and external audit requirements by maintaining transparent documentation.
• Foster close coordination with Project Execution, Planning, Finance, and Design teams for seamless process flow & timely vendor payment.
• Mentor team members and build capability in cost planning and contract management.