Cost Controller/negotiator
2 weeks ago
The Cost Controller is responsible for managing and overseeing the financial aspects of construction projects, ensuring that costs are controlled and budgets are adhered to.
This role involves preparing cost reports, monitoring project expenditures, and implementing cost-saving measures to enhance project profitability.Key Responsibilities
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Budget Preparation and Management:
- Develop and manage project budgets in collaboration with project managers and other stakeholders.
- Monitor actual project costs against budgeted amounts and report any variances.
- Assist in the preparation of financial forecasts and cost estimates.
Cost Monitoring and Reporting:
- Track and analyze project expenditures, ensuring all costs are recorded accurately.
- Prepare and present regular cost reports to project managers and senior management.
- Identify and investigate significant variances from budget and forecast.
Financial Analysis and Planning:
- Conduct financial analysis to identify trends, cost drivers, and areas for cost reduction.
- Support the development of costsaving strategies and initiatives.
- Assist in the preparation of financial models and projections for project planning.
Procurement and Contract Management:
- Review and evaluate supplier and subcontractor contracts for costeffectiveness.
- Ensure procurement activities align with budgetary constraints and project requirements.
- Monitor and approve purchase orders and invoices to ensure costs are within budget.
Procurement and Vendor Management:
- Identify and select suppliers and subcontractors for various project components.
- Negotiate contracts and manage relationships with vendors to ensure timely delivery of materials and services.
- Ensure all procurement activities comply with company policies and project requirements.
Risk Management:
- Identify financial risks associated with project activities and propose mitigation strategies.
- Monitor and report on the financial impact of project risks and opportunities.
- Implement cost control measures to mitigate financial risks.
Project Coordination and Communication:
- Collaborate with project managers, engineers, and other stakeholders to ensure accurate cost management.
- Facilitate effective communication regarding cost control and financial performance.
- Support project teams with financial guidance and cost control best practices.
Documentation and Record Keeping:
- Maintain accurate and uptodate financial records and documentation.
- Ensure all financial transactions comply with company policies and procedures.
- Prepare auditready financial reports and support internal and external audits.
Experience: Minimum of 3 to 5 years of experience in cost control, financial analysis, or related roles in the construction industry.
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Skills:
- Strong analytical and numerical skills.
- Proficiency in financial software and tools
- Excellent organizational and timemanagement skills.
- Strong communication and interpersonal abilities.
- Attention to detail and accuracy in financial reporting.
Must reside in Cape Town
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