Senior Manager – Costing & Budgeting – Residential Construction

People Equations; Mumbai; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

A leading real estate firm in Mumbai is seeking a Sr. Manager in Costing and Budgeting to develop comprehensive cost estimates and budgets for projects. The ideal candidate will have over 10 years of experience in real estate and strong skills in financial analysis and vendor management. Responsibilities include risk management, compliance, and team leadership within a collaborative environment. This role offers competitive compensation in a dynamic work setting.

Qualifications

• 10 years experience in real estate development.
• Strong financial analysis and risk management skills.
• Mentoring ability for junior team members.

Responsibilities

• Develop comprehensive cost estimates for projects.
• Prepare detailed project budgets.
• Conduct thorough financial analysis for project feasibility.
• Collaborate with vendors for pricing and contracts.
• Implement cost control measures to prevent budget overruns.
• Prepare regular financial reports for stakeholders.
• Identify and mitigate financial risks in projects.
• Ensure compliance with relevant regulations.
• Provide leadership and mentorship to the team.

Skills

Excellent oral and written communication skills

Organizational skills

Proactivity

Flexibility and adaptability

Knowledge of AutoCAD

Leadership

Team player

Education

Bachelor’s degree in civil engineering/M.Com, B.Com/ICWA

Tools

AutoCAD

Excel

Job description

Overview

Our client in Real estate development domain is looking at hiring a Sr. Manager Costing and Budgeting.

Education & Experience

Education: Bachelor’s degree in civil engineering/M.Com, B.Com/ICWA

Work Experience: 10 years above in Real Estate

Role and Responsibilities

• Cost Estimation: Develop comprehensive cost estimates for real estate development projects, including construction, materials, labor, permits, and other associated expenses.
• Budget Preparation: Prepare detailed project budgets based on cost estimates, financial Projections, and market analysis. Ensure alignment with project objectives and investor expectations.
• Financial Analysis: Conduct thorough financial analysis to assess project feasibility, identify potential risks, and recommend mitigation strategies. Monitor project financial performance throughout the development lifecycle.
• Vendor Management: Collaborate with vendors, contractors, and suppliers to negotiate pricing, terms, and contracts. Evaluate vendor proposals and select partners that offer the best value and quality.
• Cost Control: Implement robust cost control measures to monitor project expenses and prevent budget overruns. Identify opportunities for cost savings and efficiency improvements without compromising project integrity.
• Reporting: Prepare regular reports on project financials, including budget variance analysis, cash flow projections, and financial forecasts. Communicate key findings and recommendations to senior management and stakeholders.
• Risk Management: Identify, assess, and mitigate financial risks associated with real estate development projects. Develop contingency plans to address unforeseen challenges and ensure project success.
• Compliance: Ensure compliance with relevant regulations, codes, and industry standards related to costing, budgeting, and financial reporting. Stay updated on changes in financial regulations and best practices.
• Team Leadership: Provide guidance and mentorship to junior team members involved in costing, budgeting, and financial analysis activities. Foster a collaborative and high-performance work culture within the team.

Requirements

• Excellent oral and written communication skills.
• Organizational skills and the ability to multitask.
• The ability to be proactive and take initiative.
• Flexibility and adaptability.
• Technical skills:
  • Good Communication Skills.
  • Knowledge of AutoCAD latest version, excel.
  • Leadership, assumes overall accountability and responsibility.
  • Team player, adaptive to cultural differences, ability to motivate a cross-functional team to strive for a common target (and to implement it).