Commercial Manager – Zone Development at Ascentech Services Limited

Role Overview

• The Commercial Manager for Zone Development will play a pivotal role in ensuring strong financial and commercial governance across multiple ongoing and upcoming infrastructure projects.
• This position requires ownership of budgeting, forecasting, cost analysis, inventory management, contractor valuation, and cost allocation processes.
• The ideal candidate will possess deep expertise in construction costing, excellent analytical capabilities, and experience working in a fast-paced, multi-project environment.

Key Responsibilities
Budgeting & Forecasting:

• Develop annual and project-specific budgets in line with strategic goals.
• Create rolling financial forecasts accounting for changes in scope, timeline, or cost.
• Collaborate with project, engineering, and finance teams to validate financial assumptions.

Cost Tracking & Analysis:

• Track project spending against approved budgets on a real-time basis.
• Conduct detailed reviews of general ledger transactions for proper cost classification.
• Prepare variance analysis reports, identifying major cost drivers and financial risks.

Cost Allocation & Internal Consumption:
Implement frameworks for accurate allocation of:

• Labor (including shared workforce)
• Store-issued materials
• Equipment (owned or rented)
• Internally produced materials (e.g., concrete, blocks, paving)
• Ensure internal consumption is properly recorded, valued, and reflected in financial reports.

Inventory & Store Management:

• Oversee inventory tracking, accounting, and material issuance.
• Coordinate quarterly inventory planning with engineering and procurement teams.
• Ensure accurate documentation, valuation, and timely updates of inventory records.
• Strengthen internal controls to prevent stock loss or inefficiencies.

Reporting & Commercial Insight:

• Deliver timely and accurate commercial reports to senior stakeholders.
• Provide data-driven recommendations to enhance project profitability and cost efficiency.
• Analyze monthly zone maintenance expenditure and provide commercial insights.

Zone Maintenance & R&M Control:

• Monitor repair and maintenance (R&M) spending across sites, ensuring budget adherence.
• Flag overspending or underutilization of budgeted lines and support operational teams with accurate forecasting.

Process Improvement & Governance:

• Design and implement standardized procedures for budgeting, cost control, and inventory tracking.
• Lead continuous improvement efforts to enhance commercial processes and reporting accuracy.

Qualifications & Experience

• Education: Bachelor’s degree in Finance, Economics, Quantity Surveying, or a related field. A Master’s degree or professional certification (e.g., CFA, ACCA) is an advantage.
• Experience: 7–10 years of relevant experience in commercial project development, with at least 5 years in the real estate or infrastructure development sector.

Key Skills & Competencies:

• High attention to detail and accuracy
• Strong analytical and financial modeling skills
• Effective communication and interdepartmental collaboration
• Excellent time and project management skills
• In-depth knowledge of construction cost management and inventory control systems
• Process-oriented with a proactive approach to governance and accountability