Cost Controller - Project

Swan Corp; Mumbai; On-site; INR 3,000,000 - 4,500,000; Full time

Job summary

The Lead Cost Controller Projects at Swan Corp in Mumbai will drive end-to-end cost control across EPC/shipbuilding projects, ensuring accurate budgeting, variance analysis and robust cash-flow forecasting. You will challenge assumptions and provide objective recommendations to senior management within a strong cost governance framework.

Requirements include 10–12 years in cost control, PMP or equivalent, experience with marine cost structures, advanced Excel, and SAP (PS/MM/FICO).

Qualifications

• Bachelor's degree in Mechanical or Electrical Engineering required.
• PMP or equivalent project management certification.
• 10-12 years of experience in cost control / project controls / project finance.

Responsibilities

• Drive end-to-end cost control across assigned projects.
• Ensure accurate budgeting, variance analysis, and cash-flow forecasting.
• Challenge costs and validate figures; provide recommendations to senior management.
• Maintain robust cost governance framework for approvals.

Skills

Project cost control

Budgeting

Forecasting (EAC/ETC)

Variance analysis

Contingency management

Cash flow forecasting

Education

Bachelor's degree in Mechanical or Electrical Engineering

Masters in Finance (added advantage)

Tools

MS Excel

SAP (PS, MM, FICO)

Job description

Location:

Mumbai

Preferred Industry

EPC projects | Shipbuilding, maritime, or offshore industries | Heavy engineering or manufacturing projects

Education:

• Bachelors degree in Mechanical or Electrical Engineering
• Masters in Finance will be an added advantage

Experience:

• 10-12 years of progressive experience in cost control / project controls / project finance.
• PMP or equivalent project management certification
• Strong understanding of project risk management and contingency provisioning
• Experience with marine/shipbuilding cost structures and industry standards

Role Summary

The Lead Cost Controller Projects will drive end-to-end cost control across assigned projects, ensuring accurate budgeting, variance analysis, and reliable cost and cash-flow forecasting. The role requires a strong analytical and independent mindset to challenge assumptions, validate costs, and provide objective recommendations to senior management, enabling timely and informed budget approvals within a robust cost governance framework.

Key Role

• Need Validation & Cost Challenge
• Budget Formulations & Cost Structuring
• Cost Monitoring & Control
• Variance Analysis & Root-Cause Investigation
• Cost Approval & Recommendation Authority
• Estimate at Completion (EAC) & Forecasting
• Additional Budget & Contingency Management

Technical & Functional Knowledge

• Strong expertise in project cost control, budgeting, forecasting (EAC/ETC), variance analysis, and contingency management.
• Sound understanding of change management and claims, including cost/time impact assessment and risk-based provisioning.
• Ability to prepare, interpret, and challenge cash flow forecasts with clear CAPEX vs. OPEX/revenue treatment.
• Knowledge of shipbuilding/offshore cost structures, key cost drivers, and industry benchmarks.
• Proficiency in cost estimation methods (parametric, analogous, bottom-up) and cost baseline development and control.

Tools & Systems

• Advanced proficiency in MS Excel (forecasting, scenario modeling, dashboards)
• Strong hands‑on experience with SAP (PS, MM, FICO) or equivalent ERP systems
• Experience in developing cost reports, variance analysis, and KPI dashboards