Cost Controller

Financeroles; Gurugram District; On-site; INR 1,500,000 - 2,600,000; Full time

Benefits offered by this job

Flexible work environment

Long term career development

Think globally, work local

Top employer

Job summary

Hatch in Gurugram, India, invites a highly motivated Cost Controller to join our Project Delivery Group (PDG). You will manage cost estimating, budgeting, forecasting, reporting and cost risk analysis for multidisciplinary projects in mining, infrastructure, and energy sectors.

The role requires a strong background in cost control principles, safety commitment and excellent communication. Work is in office, Monday to Friday, with a focus on delivering world-class project outcomes.

Qualifications

• Tertiary qualification in engineering or related discipline; appropriate project related experience.
• A minimum of 8-10 years’ experience as a Cost Controller/Cost Technician in a multidiscipline project environment.
• Computer literacy; strong personal commitment to safety.
• Good analytical, oral and written communication skills.
• Be fully versed with cost control principles, policies and procedures and financial systems.

Responsibilities

• Maintain a healthy project within the project budget and ensure compliance to project governance.
• Designs and formulates the financial control for a project and develop and execute the Cost Management Plan.
• Finalize coding of all detailed estimate line items using baselined project control budget to establish package budgets.
• Monitor planning and progress against milestones and generate data/curves for cost profiles.
• Participate in tender process budgeting and procurement package budgeting and reconciliation.
• Review payment applications in compliance with contract agreements and approve certificates.
• Record and maintain commitments based on contracts and revisions.
• Attend periodic reviews and maintain forecasts for all packages based on EPCM status and changes.
• Forecast contingency requirements, escalation, forex, currencies etc.
• Import cost data into cost system and produce baseline cost reports by package.
• Contribute to trend/change management and incorporate approved trends into estimates.
• Update budget and forecasts for monthly reports.
• Obtain EPCM cost and progress data for status reports.
• Attend reviews and maintain forecasts for all packages.

Skills

Cost control

Budgeting

Forecasting

Financial reporting

Data analysis

Communication skills

Safety awareness

Education

Engineering degree or related discipline

Experience in cost control environment

Tools

Financial systems

Cost management software

Job description

Requisition ID:98375

Job Category:Engineering

Location:Gurugram,Haryana,India

Join a company that is passionately committed to the pursuit of a better world through positive change. With more than 70 years of business and technical expertise in mining, energy, and infrastructure,our 10,000 colleagues in 150 countries tirelessly work toward bettering the industries in which we operate. With practical solutions that are safe, innovative and sustainable, we think globally while acting locally.

Join our Project Delivery Group (PDG), a dynamic team of professionals passionately committed to world-class project deliveryacross the globe.With expertise in sustainable studies, asset building and operations, and industry-leading efficiencies, our best-in-class team leverages methodologies, governance and systems that are unparalleled in the engineeringspace. Are you looking for an opportunity to join a diverse group of professionals who are committed to remaining exceptional? We look forward to hearing from you.

Position: Cost Controller

Work Location: Cyber City, Gurugram

Work Mode: In Office (Monday to Friday)

Looking to take the next step in your career? Hatch is currently seeking a highly motivated Cost Controller to join our Project Delivery Group (PDG) in Gurugram, India.

PDG helps clients reach their business goals through a range of strong technical capabilities. We ensure world-class project delivery through the skills of our people, methodologies, governance, and systems. Our engineering and project management and construction disciplines ensure safe, efficient, and sustainable delivery of projects globally across the metals and mining, infrastructure, and energy sectors.

We manage our clients entire project lifecycle from studies to building assets, operating the assets, and developing efficiencies. Join our team and become part of a community that strives for positive change providing the best solutions for our clients’ toughest challenges!

The Cost Controller will be responsible for Cost Control Services including but not limited to those of cost estimating, budget control, cost forecasting, cost reporting and cost risk analysis.

As a successful candidate, you will :

• Maintain a healthy project within the project budget and ensure compliance to project governance
• Designs and formulates the financial control for a project and should be able to develop and execute the Cost Management Plan and provide the Project Manager with accurate and up to date cost information to facilitate sound project decision making.
• Finalize coding of all detailed estimate line items using baselined project control budget in order to establish package/control budgets.
• Monitors planning and project / progress achievements of milestones and using the project schedule to generate data and curves for each cost profile.
• Takes part in the financial aspects of the tender process. Assign budget for procurement packages, perform budget reconciliation or scope and pricing and produce reconciliation statement to support recommendations for award.
• Reviews payment applications in compliance with contract agreements and approves payment certificates.
• Record and maintain commitments based on procurement contracts, contract amendments, contract change notices, PO revisions
• Attend periodic reviews and establish and maintain forecasts for all packages and ensure full coding, based on EPCM status report, expenditures (ex Project Accountant) and project changes/trends (e.g. Trend and Change Coordinator)
• Forecast project contingency requirements, escalation, forex, currencies etc.
• Import detailed actual cost and commitment data into cost system and run complete detailed baseline cost report by package
• Participate in the trending and change management process and incorporate approved trends into the project estimate at completion.
• Update and maintain budget with approved PCNs
• Produce cost reports and analyze variances
• Generate data and curves for each cost profile (baselines and periodic updates)
• Update budget, commitment, forecast, payment and cost statement for monthly report.
• Obtain EPCM cost and progress info and update EPCM status report
• Attend periodic reviews and establish and maintain forecasts for all packages

You bring to the role

Qualifications and Experience

• Tertiary qualification in engineering or related discipline or appropriate project related experience
• A minimum of 8-10 years’ experience as a Cost Controller/Cost Technician in a multidiscipline project environment.
• Computer literacy
• Strong personal commitment to safety
• Good analytical, oral and written communication skills
• Be fully versed with cost control principles, policies and procedures and financial systems

Preferred

• Good knowledge of project management principles
• Presentation skills

Why join us?

• Work with great people to make a difference
• Collaborate on exciting projects to develop innovative solutions
• Top employer

What we offer you?

• Flexible work environment
• Long term career development
• Think globally, work local

Don't meet every single requirement? You don't need to. At Hatch, we are building a diverse, inclusive workplace that fosters innovation. If you're interested in this role, we encourage you to apply even if your past experiences don't perfectly align with the skills we've listed.

We're committed to fostering a workforce that reflects the diversity of the communities in which we operate and serve. Hatch is an Equal Opportunity Employer that considers applicants without regard to age, race, color, national origin, citizenship, religion, creed, gender, sexual orientation, marital status, disability, veteran, or any other protected status. If you have any accommodation requirements, please let us know. We'll do our best to meet your needs in accordance with applicable local legislation.