Position: Costing, Budgeting & ERP Cost Control ( Real Estate Experience)
Location: Sion Mumbai
Working Days: 6 days
Years of experience - 6 to 8 years
Key Skills :- Key Skills: Construction Costing & BOQ | ERP Cost Control | Advanced Excel | Budgeting & MIS | Variance Analysis | Value Engineering.
Key Responsibilities
1. Project Budgeting & Cost Planning
- Prepare preliminary, BOQ-based, and execution-stage project budgets.
- Develop cost benchmarks and per sq. ft. cost analysis for various projects.
- Coordinate with the Design, Contracts, Procurement, and Project Execution teams to gather budget inputs.
- Establish project cost codes aligned with the ERP system.
2. Cost Control & Monitoring
- Monitor budgeted costs against actual project expenditures.
- Identify cost overruns and recommend corrective actions and cost-saving opportunities.
- Track project cash flow projections versus actual cash outflows.
- Conduct monthly cost review meetings with project stakeholders.
3. ERP-Based Cost Tracking
- Ensure accurate cost capture and coding in the ERP system.
- Monitor the complete procurement and billing cycle, including PR/SR, WO/PO, GRN, contractor bills, and payments.
- Generate real-time MIS reports and cost analysis through ERP.
- Maintain discipline in cost heads and data accuracy.
4. Contracts & Billing Coordination
- Validate BOQs, Work Orders, Purchase Orders, and Variation Orders.
- Review contractor RA bills against approved budgets and contract terms.
- Monitor variation and deviation statements to control project costs.
- Ensure contractor billing complies with approved quantities and rates.
5. MIS & Reporting
- Prepare Monthly Cost Reports (MCR).
- Develop Budget vs. Actual dashboards for management review.
- Conduct project profitability and cost performance analysis.
- Present project cost reports and recommendations to senior management.
6. Value Engineering
- Identify and recommend cost optimization opportunities without compromising quality.
- Collaborate with Design and Project Execution teams for value engineering initiatives.
- Benchmark project costs with market rates and previous projects.
7. Audit & Compliance
- Support internal and external financial and project audits.
- Ensure compliance with company cost control policies and procedures.
- Maintain complete documentation of approvals, budget revisions, and cost records.
Pay: ₹500,000.00 - ₹800,000.00 per year
Work Location: In person
