Cost Controller

2 weeks ago

East Rand, South Africa Teraco Full time

**Purpose of the role**

The Cost Controller will:

- Drive value creation from suppliers and contractors;
- Work with the finance team to develop standard price lists and rate cards for ongoing procurement and expenditure;
- Tender out smaller projects;
- Negotiate contract terms with suppliers and contractors;
- Carry out monthly financial reviews of actual costs incurred against budgets and updated forecasts;
- Assist in the monitoring and manage performance of suppliers and contractors in accordance with commercial terms of contracts;
- Manage commercial impact of any scope variations;
- Negotiate terms and final accounts with suppliers and contractors.

**Main Function of the Role**
- **Drive value creation from suppliers and subcontractors**: Work closely with Operations and Project Managers to drive value creation for Teraco by managing suppliers and contractors on operational sites and projects.
- **Budgeting**: Prepare project cost analysis based on operational requirements, estimates and labour required. Work with the finance and project management teams to get cost plans approved and to track implementation. Control pricing and commercial terms through all stages of projects from installation through to ongoing maintenance, within predetermined budget and expenditure. Manage related cash flows. Report monthly to management on actual costs incurred against budgets and updated forecasts.
- **Negotiate contract terms with suppliers and contractors**: Prepare tender and contract documents, including bills of quantities. Evaluate tenders from contractors and negotiate pricing and terms. Negotiate final accounts with suppliers and contractors. Maintain a database of costs to reference all new procurement against.
- **Monitor and manage performance of suppliers and subcontractors**: Communicate regularly with internal operational and project teams as well as suppliers and contractors to ensure commercial controls are in place and contractors are delivering on time and in accordance with project terms. Monitor all commercial information in relation to services delivered including labour and materials to ensure budgets are adhered to. Manage any scope variations. Produce accurate formal reports to monitor contract management.

**Skill Requirements**
- Numeracy
- Analytical & problem solving skills
- Communication Skills, both verbal and written
- Negotiation
- Proficiency with Excel (i.e. formulas, if statements, pivot tables, formatting)
- Ability to anticipate and manage risks
- Commercial and legal proficiency in contracting
- Practical organising and planning skills
- Ability to thrive in a very fast-paced environment
- Ability to work in a team and collaborate with senior level individuals within and outside Teraco
- Ability to work independently & a positive team player
- Strong action planning, and prioritization skills
- Self-motivated
- Professional conduct

**Qualifications and Experience**
- B.Sc Quantity Surveying, engineering qualification or Bachelor of Commerce qualification
- Relevant commercial experience
- Minimum 4 years relevant experience in construction, mechanical or electrical infrastructure

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