Cost Controller - Project

Location: Mumbai
**Preferred Industry -**EPC projects |Shipbuilding, maritime, or offshore industries |Heavy engineering or manufacturing projects

Education:

• Bachelors degree in Mechanical or Electrical Engineering
• Masters in Finance will be an added advantage

Experience:

• 10-12 years of progressive experience in cost control / project controls / project finance.
• PMP or equivalent project management certification
• Strong understanding of project risk management and contingency provisioning
• Experience with marine/shipbuilding cost structures and industry standards

Role Summary
The Lead Cost Controller Projects will drive end-to-end cost control across assigned projects, ensuring accurate budgeting, variance analysis, and reliable cost and cash-flow forecasting. The role requires a strong analytical and independent mindset to challenge assumptions, validate costs, and provide objective recommendations to senior management, enabling timely and informed budget approvals within a robust cost governance framework.

Key Role

1. Need Validation & Cost Challenge
2. Budget Formulations & Cost Structuring
3. Cost Monitoring & Control
4. Variance Analysis & Root-Cause Investigation
5. Cost Approval & Recommendation Authority
6. Estimate at Completion (EAC) & Forecasting
7. Additional Budget & Contingency Management

Technical & Functional Knowledge

1. Strong expertise in project cost control, budgeting, forecasting (EAC/ETC), variance analysis, and contingency management.
2. Sound understanding of change management and claims, including cost/time impact assessment and risk-based provisioning.
3. Ability to prepare, interpret, and challenge cash flow forecasts with clear CAPEX vs. OPEX/revenue treatment.
4. Knowledge of shipbuilding/offshore cost structures, key cost drivers, and industry benchmarks.
5. Proficiency in cost estimation methods (parametric, analogous, bottom-up) and cost baseline development and control.

Tools & Systems

1. Advanced proficiency in MS Excel (forecasting, scenario modeling, dashboards)
2. Strong hands-on experience with SAP (PS, MM, FICO) or equivalent ERP systems
3. Experience in developing cost reports, variance analysis, and KPI dashboards

Share your CV at: [email protected]
Subject line: Application for Cost Controller – Projects

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