Cost Controller

Naiknavare Developers; Pune District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Naiknavare Developers invites applications for a Project Cost Controller to manage comprehensive cost control across multiple construction projects in Pune. The role focuses on budgeting, cost sheets, and variance analysis, ensuring alignment with contracts, RA bills, and funding availability.

The candidate should be proficient in advanced Excel, have real estate accounting knowledge, and be comfortable working with Construction ERP systems to support accurate MIS and project reporting.

Qualifications

• Experience in project costing and BOQ analysis.
• Proficient in Excel for MIS and costing.
• Familiarity with ERP systems in construction.

Responsibilities

• Prepare detailed project cost sheets and budgets.
• Monitor budget utilization and variance analysis.
• Review contracts and RA bills for cost validity.
• Track WIP, inventory costs, and revenue recognition coordination.
• Support cash flow forecasts and funding alignment.
• Maintain cost controls in ERP and cost center coding.
• Produce monthly project cost reports and overhead analysis.

Skills

Construction cost understanding

Real estate accounting

Advanced Excel

ERP knowledge

Analytical mindset

Tools

Construction ERP

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