Cost Manager

SsangYong Engineering & Construction Co. Ltd; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

SsangYong Engineering & Construction Co. Ltd in Singapore is seeking an experienced Cost Control Manager to oversee cost control and financial monitoring for a major hospital development project.

You will establish cost control systems, monitor expenditure, prepare forecasts and provide timely financial information to support project management. The role requires strong analytical skills and seven years of relevant experience in cost control, budgeting and reporting, with proficiency in Excel

Qualifications

• Degree or equivalent in a relevant discipline as listed.
• Minimum 7 years of experience in construction cost control or related fields.
• Hospital/healthcare project experience preferred.
• Strong budgeting, forecasting and financial reporting skills.
• Experience with cost monitoring, budgets, variations and cash flow.

Responsibilities

• Establish and manage project cost control procedures and systems.
• Develop and maintain the project budget, cost breakdown, and control reports.
• Monitor expenditure against budgets and committed costs.
• Track commitments, procurement, subcontract costs, and variations.
• Prepare monthly cost reports, forecasts and financial performance reports.
• Identify cost overruns, savings opportunities and risks.
• Coordinate with Contract, Planning, Procurement and Project teams.
• Review subcontractor and supplier commitments and variation costs.
• Support cost control during project close-out and final reporting.

Skills

Cost control

Budgeting

Forecasting

Financial reporting

Contract awareness

Analysis & numeracy

Excel proficiency

Education

Degree in Quantity Surveying, Civil Engineering, Construction Management, Accounting, Finance or related

Tools

Microsoft Excel

ERP systems

Primavera P6

Job description

Job Description

We are seeking an experienced Cost Control Manager to oversee project cost control and financial monitoring for a major hospital development project in Singapore. The successful candidate will be responsible for establishing and maintaining effective cost control systems, monitoring project expenditure, commitments and variations, preparing cost forecasts and providing timely commercial and financial information to support project management and decision-making.

Key Responsibilities

• Establish and manage project cost control procedures and systems throughout the project lifecycle.
• Develop and maintain the project budget, cost breakdown structure and cost control reports.
• Monitor actual project expenditure against approved budgets and committed costs.
• Track project commitments, procurement costs, subcontract costs, variations and potential cost exposures.
• Prepare monthly cost reports, cost forecasts and financial performance reports for management review.
• Monitor cost movements and identify potential cost overruns, savings opportunities and financial risks.
• Maintain accurate records of approved, pending and potential variations and their cost implications.
• Coordinate with the Contract, Quantity Surveying, Procurement, Planning and Project teams on cost-related matters.
• Review subcontractor and supplier commitments, payment applications and variation costs.
• Assist in evaluating variations, claims and other commercial matters from a cost-control perspective.
• Monitor project cash flow, expenditure forecasts and projected final costs.
• Prepare and update the Estimate at Completion (EAC), Cost to Complete (CTC) and other project cost forecasts.
• Analyse cost variances and provide explanations and recommendations to the Project Director and senior management.
• Ensure that approved budgets and cost commitments are properly recorded and controlled.
• Review procurement and subcontract packages to monitor their impact on the overall project budget.
• Work closely with the Planning team to align project progress, programme status and cost performance.
• Support earned value, progress measurement and cost-to-progress analysis where applicable.
• Assist in the preparation of management reports, project forecasts and financial presentations.
• Monitor potential commercial and contractual risks that may affect project costs.
• Ensure proper documentation and audit trails are maintained for project cost information.
• Support project close-out, final cost reconciliation and preparation of final project cost reports.
• Provide guidance and support to cost control engineers, quantity surveyors and project team members.
• Perform other cost control and commercial duties assigned by the Project Director.

Requirements

• Degree in Quantity Surveying, Civil Engineering, Construction Management, Accounting, Finance or a related discipline.
• Minimum 7 years of relevant experience in construction cost control, project controls, quantity surveying or commercial management.
• Prior experience in hospital or healthcare projects is preferred.
• Strong experience in cost monitoring, budgeting, forecasting and financial reporting for large-scale construction projects.
• Experience in monitoring project budgets, commitments, variations, subcontract costs and cash flow.
• Good knowledge of construction contracts, procurement processes and subcontract administration.
• Good understanding of construction progress measurement and the relationship between project progress and cost performance.
• Experience working closely with Contract, Planning, Procurement, Quantity Surveying and Project Management teams.
• Strong analytical and numerical skills with good commercial awareness.
• Proficient in Microsoft Excel and other project cost control or ERP systems.
• Knowledge of Primavera P6 and integration of project programme and cost data will be an advantage.
• Familiarity with Singapore construction practices and standard forms of construction contracts will be an advantage.
• Strong communication, coordination, reporting and problem-solving skills.
• Able to work independently and manage multiple cost-control activities within a large-scale project environment.