Project Cost Controller at Desicon Engineering Limited

Job Description

• Responsible for setting up Cost Control Procedures and process flow charts for assigned project
• Responsible for setting up budgets to follow the project costs for assigned projects
• Responsible for preparing Estimation of Total Forecasts, Quantity/Costs and Expected Outcomes
• Assists Project Managers in optimizing and improving their budget profits
• Liaise with Finance and other departments to effectively handle and coordinate cost-related activities
• Assist the Projects to point out the items with the most significant impact on the cost
• Preparing change orders or claims and follows up
• Prepare the monthly project cost, management report and cashflow
• Responsible for the control and monitoring of project total expenditure including verifying progress works statements and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded
• Provide cost-controlling support for all projects or designated projects which includes variation reporting monitoring of milestone progress to the preparation of customer billing processes
• Ensures effective project implementation and utilizes productive reports from the creation of Work Base Structure (WBS) with the use of project management systems to monitor the status of all purchases, invoicing and delivery up to the closure of the project
• Prepare the project budget and revise them thrice (3 times) in a year and prepare the justification for the variances with the original budget and the revised budget.
• Prepare monthly Project Status Report (PSR); Perform project costing related reporting to the team and management’s review on a monthly basis to ensure that expenditures are kept within the project budget
• Coordinate with the Planning engineer to prepare the project status reports as required
• Efficiently work as a Cost Control Engineer to effectively foresee problems before hand and mitigate the impact by appropriate timely actions.

Requirements

• Candidates should possess a Bachelor's Degree qualification with 5 - 7 years work experience.