Project Cost Controller

Fugro; India; On-site; INR 1,800,000 - 2,800,000; Full time

Benefits offered by this job

Positive work environment

Growth opportunities

Diversity & inclusion

Job summary

Fugro is hiring a Project Cost Controller in Navi Mumbai. The role involves advising on financial performance, maintaining monthly forecasts, and ensuring accurate revenue and cost tracking across projects.

You will work with Project Managers and Service Line leaders to optimize cash flow and profitability. The ideal candidate has 6–8 years in project costing, cost control and budgeting, with experience in oil & gas, EPC, or related industries, and strong communication skills.

Qualifications

• CA Final or MBA in Finance with 6–8 years in project costing, cost control, budgeting, revenues and monitoring.
• Experience in Oil & Gas, EPC, Public Infrastructure, Environment or Industrial Automation industries.
• Strong communication skills and an analytical mindset.
• Proactive, ownership-driven, results-oriented attitude.

Responsibilities

• Maintain accurate actual revenue and cost records for medium to large projects.
• Forecast Earned Value and Cashflow; develop optimal financial strategies with project managers.
• Reconcile project revenue and costs with accounts; manage invoicing milestones.
• Set up project schedule, contract invoicing, and cash milestones.
• Validate project invoices before submission and track client payment cashflows.
• Monitor Days Receivable Outstanding (DRO) and Days Billing Outstanding (DBO).
• Assist in monthly and quarterly project reporting and forecasts.
• Follow up with clients regarding timely payments within contractual timelines.

Skills

Communication skills

Analytical mindset

Ownership and initiative

Results-driven

Education

CA Final or MBA in Finance

Job description

Location

Navi Mumbai, Mahrshtra, India

Stage

Experienced Level

Time

Full time

Type

Employee

Job Description

Who we are:

Do you want to join our Geo-data revolution Fugros global reach and unique know-how will put the world at your fingertips. Our love of exploration and technical expertise helps us to provide our clients with invaluable insights. We source and make sense of the most relevant Geo-data for their needs, so they can design, build, and operate their assets more safely, sustainably, and efficiently. But were always looking for new talent to take the next step with us. For bright minds who enjoy meaningful work and want to push our pioneering spirit further. For individuals who can take the initiative but work well within a team.

Job Purpose

The Project Cost Controller shall advise Service Line Managers and Project Managers on their individual projects financial performance (EVA and Cash). In addition to this function, the Project Controller shall assist the Business Line Directors and Service Line Managers in the preparation of the required monthly financial accounts and reports. He is responsible for controlling the project costs and updating the project cost forecast, including schedule impacts on costs for one or more projects at complexity levels 1, 2, and 3 by producing and maintaining monthly financial forecasts and work-in-progress reports.

The Project Cost Controller is responsible for the accurate management of the financial accounts of all assigned projects within the Business Line. The primary function of this role is to accurately track and report project revenues, change orders, costs, overheads, actual and forecast Earned Value, and projected versus actual cash flow Work with project managers to design and optimize the best financial strategies that achieve all project contractual requirements with efficient use of resources. Validation before submission to the client and tracking of invoice payments against modelled cash flows. Project revenues (both invoices and WIP) and costs to be reconciled with the accounts department to ensure matching values at the month-end closing.

Key Responsibilities

Financial:

• a) Maintain accurate actual revenue and cost records of all medium to large projects.
• b) Forecast Earned Value and Cashflow with the ability to develop optimal financial strategies with project managers before deployment/commitment of resources.
• c) Reconcile project revenue and costs with the accounts department.
• d) Set up project schedule, contract invoicing, and cash milestones.
• e) Validate project invoices before submission to the client and track client payment cashflows.
• f) Track and advise project managers on individual project outstanding DRO (Days Receivable Outstanding) and DBO (Days Billing Outstanding) days.
• g) Assist in the preparation of monthly and quarterly project reports.
• h) Help prepare monthly project forecasts, revenues and margins.
• i) Follow up with Clients regarding timely payment within the contractual timeframe, as well as chasing up overdue payments.

Principal Working Relationships

The Project Accountant is required to work closely with Project Managers, Project Coordinators, and the Business Controller

Required Experience & Skills

• CA Final or BCom/ MBA in Finance, having 6-8 years of experience in project costing, cost control, budgeting, revenues, and monitoring
• Candidates from Oil and Gas, EPC Companies, Public Infrastructure, Environment, Project Consulting, Industrial Automation Industries.
• Strong communication skills, analytical mindset, and a proactive, results-driven approach.
• Takes ownership and initiative, acts with confidence, and works under own direction.

What we offer

• Fugro provides a positive work environment as well as projects that will satisfy the most curious minds.
• We also offer great opportunities to stretch and develop yourself. By giving you the freedom to grow faster, we think youll be able to do what you do best, better. Which should help us to find fresh ways to get to know the earth better.
• We encourage you to be yourself at Fugro. So bring your energy and enthusiasm, your keen eye, and your can-do attitude. But bring your questions and opinions too. Because to be the worlds leading Geo-data specialist, we need the strength in depth that comes from a diverse, driven team.

Our view on diversity, equity, and inclusion

At Fugro, our people are our superpower. Their variety of viewpoints, experiences, knowledge, and talents gives us collective strength. Distinctive beliefs and diverse backgrounds are therefore welcome, but discrimination, harassment, inappropriate behavior, and unfair treatment are not. Everybody is to be well-supported and treated fairly. And everyone must be valued and have their voice heard. Crucially, we believe that getting this right brings a sense of belonging, of safety and acceptance, that makes us feel more connected to Fugros