Cost Control Executive

Role & responsibilities

Key Responsibilities:

Cost Monitoring & Reporting

a) Track daily, weekly, and monthly expenses at the project site.

b) Maintain and update the cost sheet with actuals vs budgeted figures.

c) Highlight cost overruns and recommend corrective measures.

Budgeting & Forecasting

a) Assist in preparing site budgets in coordination with project and finance teams.

b) Provide a cost forecast based on actual consumption and projected activities.

Procurement Coordination

a) Verify and validate site procurement against approved budgets.

b) Review Purchase Orders (POs), Work Orders (WOs), and vendor bills for accuracy and alignment with cost norms.

Inventory & Asset Monitoring

a) Maintain records of material movement and consumption.

b) Coordinate with the store department for stock reconciliation and material usage reporting.

Compliance & Documentation

a) Ensure proper documentation of all cost-related transactions at the site.

b) Support audit and internal control checks by providing required documentation.

MIS & Reporting

a) Prepare and submit periodic MIS reports to the Head Office (HO).

b) Provide cost insights and variance analysis with actionable insights.

Site Visit & Verification

a) Conduct physical verification of work done, labour deployment, and material usage.

b) Ensure all site-related expenses are justified and within approved limits.

Preferred candidate profile

Required Education & Qualifications:

Minimum Education:

1)

a)

B.com / M.com

2) Certification in Cost Control or Construction Project Management is an advantage.

Experience:

years

ii) Experience with ERP systems like SAP, Tally, or customized project costing tools is a plus.

Key Skills Required:

• Strong analytical and numerical skills
• Budgeting and cost tracking
• MS Excel (Advanced) and working knowledge of ERP - SAP
• Good communication and coordination skills
• Attention to detail and accuracy
• Ability to work under pressure and in a site environment