Lead – Cost Controller – Real Estate Right Resource Technologies

The Corporate Institute; Mumbai; On-site; INR 400,000 - 800,000; Full time

Job summary

The Corporate Institute in Mumbai invites applications for Lead – Cost Controller to oversee project costing, budgeting, and variance analysis for real estate ventures. The role demands deep experience in quantity surveying and cost benchmarking to ensure accurate estimates and efficient financial control across multiple projects.

Responsibilities cover rate analysis, cost reporting, supplier negotiations, and decommissioning optimization.

Qualifications

• BE (Civil) degree is required.
• Minimum 15+ years of experience in Real Estate projects.
• 10 years in execution and remaining in Costing and Budgeting.

Responsibilities

• Quantity Surveying: determine material and labor requirements.
• Rate Analysis: compute material and labor costs.
• Cost Management: oversee costs for financial efficiency.
• Budget Planning and Forecasting: plan, monitor, and report budgets.
• Cost Reporting and Forecasting: produce cost reports and forecasts.
• Process Cost Information: maintain cost information systems.
• Cost Reconciliation: reconcile standard vs actual costs.
• Resource Evaluation: assess financial and human resources needs.
• Decommissioning: optimise procedures to minimise losses.
• Variance Analysis: analyze budgeting vs reality.
• Loss Investigation: explore unprofitable variances.
• Solution Development: develop cost-saving changes.
• Supplier Communication: negotiate material costs.
• Retail Monitoring: visit outlets to assess wastage.

Skills

Quantity Surveying

Rate Analysis

Construction cost benchmarking

cost coefficients

cost escalation

cost forecasting

Education

BE (Civil)

Job description

Role Overview:

With one of our reputed Real Estate clients, we are looking for a Lead – Cost Controller. The role holder will be responsible for fulfilling the need for a costing executive who is conversant with prevailing labor and material rates to ensure the preparation of accurate cost estimates for proposed construction projects and to independently monitor the budgets for ongoing projects.

Responsibilities:

• Quantity Surveying: Conducting detailed quantity surveys to determine material and labor requirements.
• Rate Analysis: Performing comprehensive rate analysis for materials and labor.
• Cost Management: Overseeing cost management processes to ensure financial efficiency.
• Budget Planning and Forecasting: Planning and forecasting project budgets, monitoring progress, and reporting on budget status.
• Cost Reporting and Forecasting: Producing regular cost reports and making accurate cost forecasts.
• Process Cost Information: Setting up and maintaining accurate process cost information systems.
• Cost Reconciliation: Reconciling standard costs to actual costs to identify variances.
• Resource Evaluation: Evaluating project requirements to provide vital resources, including financial and human resources.
• Decommissioning: Optimising decommissioning procedures to minimise losses.
• Variance Analysis: Calculating the variance between the budgeting plan and reality.
• Loss Investigation: Investigating unprofitable variances and losses.
• Solution Development: Developing cost-efficient solutions to implement changes.
• Supplier Communication: Communicating with suppliers to negotiate material costs.
• Retail Monitoring: Visiting and monitoring retail outlets to assess wastage and efficiency.

Qualifications & Experience:

• Education: BE (Civil).
• Technical Skills: Quantity Surveying, Rate Analysis, Construction cost benchmarking, cost coefficients, cost escalation and cost forecasting.
• Experience: Minimum 15+ years out of which 10 years should be in execution of projects and remaining in Costing and Budgeting from Real Estate Sector.