BUDGETING AND COST CONTROL ENGINEER 56 views

Duties and Responsibilities:-

• Prepare and update reports of budgeting, cost control, estimating, and loss for the Project manager for planning.
• Analyzing project specifications and blueprints to prepare detailed cost estimates.
• Conducting regular audits of financial records and procedures to identify and resolve discrepancies.
• Reviewing and approving purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits.

Required Skills:-

•  Expertise in developing, preparing, and managing project budgets.
• Proficient in cost estimation techniques and tools to assess project expenses accurately.
• Strong analytical skills to interpret financial data and provide insights for decision-making.
• Knowledge of cost control methodologies and practices to monitor expenditures and ensure adherence to budgets.
• Ability to conduct variance analysis to identify discrepancies between budgeted and actual costs.
• Proficient in creating detailed financial reports and presentations for stakeholders and management.
• Understanding of project management principles to align budgeting processes with project timelines and objectives.
• Skills in identifying financial risks and developing mitigation strategies.
• Experience in financial forecasting to predict future costs and resource needs.
• Familiarity with contract terms and conditions to manage costs effectively.
• Strong verbal and written communication skills to convey financial information clearly.
•  Meticulous attention to detail to ensure accuracy in budgeting and cost documentation.
• Proficiency in financial software and tools (e.g., Excel, ERP systems) for budget tracking and reporting.
• Ability to work collaboratively with project teams, finance departments, and external stakeholders.
• Strong problem-solving abilities to address budgetary challenges and optimize costs.