Lead Cost Controller

Tata Projects; Aurangabad; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Tata Projects seeks a Lead Cost Controller for the Aurangabad site to monitor, control, and optimize project costs across the lifecycle. You will ensure budget adherence, perform variance analysis, and provide forecasting and cash flow management to support timely project delivery.

The role requires expertise in budgeting, cost tracking, and reporting within EPC environments, with strong stakeholder collaboration and ERP proficiency.

Qualifications

• Postgraduate or masters degree in construction / project management or Bachelor's in Engineering, Construction Management.
• 5+ years of experience in managing EPC projects, specifically in project controls.

Responsibilities

• Monitor, control, and optimize project costs throughout the project lifecycle within approved financial limits.
• Prepare detailed budgets and cost baselines; develop WBS and allocate costs.
• Track actual costs vs budget monthly/quarterly and flag overruns or savings opportunities.
• Conduct budget vs actual variance analysis and recommend corrective actions.
• Prepare cost forecasts and update Cost to Completion (CTC); monitor cash flow projections.
• Generate periodic cost reports (CPR, MIS, dashboards) for project managers and senior management.
• Monitor vendor/subcontractor billing and payments; verify invoices against progress and terms.
• Evaluate change orders and manage financial impact, risks and contingencies.
• Coordinate with Project Managers, Planning Engineers, Procurement, and Finance for insights.

Skills

Cost control

Financial analysis

Forecasting

Stakeholder management

Project management

Education

Postgraduate or Master’s in Construction/Project Management

B.E./B.Tech in Engineering or Construction Management

Tools

SAP

MS Excel

ERP systems

MS Project

Job description

Urgent Opportunity for the role of Lead Cost Controller Aurangabad site

Position Summary

To monitor, control, and optimize project costs throughout the project lifecycle by ensuring accurate budgeting, forecasting, reporting, and variance analysis while supporting project delivery within approved financial limits.

Key Responsibilities

1. Project Cost Planning & Budgeting

Prepare detailed project budgets and cost baselines in coordination with project teams. Develop Work Breakdown Structure (WBS) and allocate costs accordingly. Assist in cost estimation inputs during tendering and project initiation phases.

2. Monitoring Cost & Control

Track actual project costs vs budget on a monthly/quarterly basis. Identify cost deviations and highlight cost overruns or savings opportunities. Ensure strict adherence to approved budget limits

3. Variance Analysis

Conduct budget vs actual variance analysis. Analyze key cost drivers like: Materials, Labor, Equipment, Subcontracting. Recommend corrective actions for adverse variances.

4. Forecasting & Cash Flow Management

Prepare cost forecasts and update Cost to Completion (CTC). Develop and monitor cash flow projections. Track project financial performance trends.

5. Cost Reporting

Generate periodic cost reports such as: Cost Performance Reports (CPR), MIS reports, Monthly cost dashboards. Present insights to project managers and senior management.

6. Contract & Billing Control

Monitor vendor/subcontractor billing and payments. Verify invoices against work progress and contract terms. Support in client billing/certification processes.

7. Change & Risk Management

Evaluate change orders / variation orders and their financial impact. Track and manage claims, risks, and contingencies. Ensure proper documentation and approvals.

8. Coordination & Stakeholder Management

Work closely with: Project Managers, Planning Engineers, Procurement teams, Finance teams. Provide financial insights for decision-making.

9. Systems & Compliance

Use ERP systems (e.g., SAP and internal Tools/systems) for cost tracking. Ensure compliance with: Company financial policies, Audit requirements, Cost control procedures

Education

• Postgraduate or masters degree in construction / project management OR Bachelor's degree in Engineering, Construction Management.

5+ years of experience in managing EPC projects specifically in the domain of project controlsRole & responsibilities

Education

• Postgraduate or masters degree in construction / project management OR Bachelor's degree in Engineering, Construction Management.

5+ years of experience in managing EPC projects specifically in the domain of project controls