Senior General Manager Budgeting & Cost (Construction) iSTATAM LLP

15.0 - 19.0 years

0 Lacs

karnataka

On-site

The Senior General Manager Budgeting & Cost (Construction) will be responsible for overseeing and optimizing construction cost planning, budgeting, and expenditure control across all real estate projects. You will ensure financial discipline, cost efficiency, and strategic alignment with project execution plans while maintaining quality and compliance standards. You will develop detailed project-wise construction budgets covering civil, structural, finishing, MEP (Mechanical, Electrical, Plumbing), HVAC, elevators, and other construction-related costs. Collaborate with project teams, engineering, procurement, and finance to ensure accurate cost estimation. Conduct BOQ (Bill of Quantities) analysis, rate analysis, and cost benchmarking for real estate projects. Monitor budget variances and recommend corrective actions to align with financial goals. Establish cost-control frameworks, cost indices, and financial KPIs for project execution. Analyze vendor quotations, contract pricing, and rate negotiations to ensure cost competitiveness. Optimize material procurement strategies by evaluating bulk purchasing, vendor partnerships, and alternate materials. Ensure value engineering principles are applied to reduce costs while maintaining quality and safety. Prepare monthly, quarterly, and annual financial reports on construction budget utilization. Conduct cash flow forecasting for construction activities to ensure smooth fund allocation. Provide MIS reports, cost variance reports, and trend analysis for senior management decision-making. Work closely with finance and audit teams to ensure financial compliance, tax efficiency, and regulatory adherence. Develop and enhance budgeting and cost-tracking processes using ERP and financial tools. Identify and mitigate financial risks related to cost overruns, material price fluctuations, and contractor claims. Implement technology-driven solutions (SAP, ERP, AI-based cost monitoring) for cost optimization. Ensure compliance with building codes, regulatory standards, environmental norms, and quality assurance policies. Education & Qualifications: B.E. / B.Tech in Civil Engineering (mandatory). MBA (Finance) / ICWA / CMA or equivalent financial qualification is a plus. Experience & Skills: 15+ years of experience in budgeting, cost control, and financial planning for construction in real estate, construction, or infrastructure. Expertise in construction cost estimation, rate analysis, BOQ evaluation, and project financials. Proficiency in SAP, ERP systems, cost-tracking software, and Excel-based analytics. Strong analytical, negotiation, and strategic cost management skills. Ability to collaborate with project teams, vendors, and finance departments to optimize costs. Knowledge of contract pricing, vendor negotiations, and industry cost standards.,

Posted 5 days ago

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