Project Cost Oversight Manager
1 week ago
Cost Management Systems: Design, execute, and uphold thorough cost management reports that are in line with project goals, financial plans, and contractual obligations.
Budget Monitoring: Supervise project financial plans, analyze spending patterns, and ensure expenditures are consistent with project forecasts. Recognize any discrepancies and deviations in the budget.
Financial Forecasting: Develop precise financial forecasts, taking into account project advancement and changes in scope. Consistently inform project leaders and stakeholders about financial implications.
Change Order Evaluation: Review and process modifications and variations in project scope. Assess how these alterations impact project finances and timelines.
Supplier Collaboration: Partner with procurement and vendor management teams to guarantee cost-efficient sourcing practices.
Risk Evaluation: Identify potential financial risks and uncertainties that could influence project budgets and recommend strategies for risk management and cost control.
Reporting: Create and disseminate comprehensive cost management reports to stakeholders, emphasizing critical financial indicators, cost performance, and areas needing improvement.
Cross-Functional Integration: Collaborate closely with project teams, schedulers, engineers, and other stakeholders to ensure that cost management strategies align with overall project objectives.
Documentation Management: Maintain precise and organized records of project expenditures, change orders, and financial documents for auditing and compliance purposes.
Additional Skills and Qualifications
- Bachelor's degree in Finance, Accounting, Engineering, or a related discipline is preferred.
- Demonstrated experience in cost management or project accounting, ideally within the energy sector or similar industries.
- In-depth knowledge of cost management systems and software, along with proficiency in financial tools.
- Strong analytical and problem-solving capabilities to identify financial issues and proactively suggest solutions.
- Excellent communication and teamwork skills to collaborate with cross-functional teams.
- Detail-oriented with a high degree of accuracy in financial tracking and documentation.
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