Senior Manager/AGM Budgeting and Cost Monitoring - Projects

Job Summary:

The Senior Manager / AGM Budgeting s Cost Monitoring (Projects) will be responsible for driving the financial planning, budgeting, and cost control functions for organisations development projects. The incumbent will play a key role in ensuring cost efficiency, budgetary compliance, and effective resource allocation across all stages of project execution from concept and design through construction and handover.

This position requires a professional with a strong foundation in construction cost management, financial analysis, and project budgeting, as well as a deep understanding of real estate design, engineering, and execution practices.

Key Responsibilities

• Project Budgeting & Cost Planning
• Develop comprehensive project budgets based on concept designs, drawings, BOQs, and historical cost data.
• Prepare cost estimates and forecasts at various design stages (concept, schematic, GFC).
• Conduct feasibility and sensitivity analyses to assess project viability.
• Identify cost-saving opportunities through value engineering in coordination with design and project teams.
• Maintain benchmark cost databases for different project typologies and regions.
• Cost Monitoring & Control
• Implement systematic cost control processes across all active projects.
• Monitor and analyze cost performance, identifying deviations and initiating corrective actions.
• Prepare monthly cost reports, financial dashboards, and cost-to-complete analyses for management review.
• Track project commitments, expenditures, and forecasts to ensure alignment with approved budgets.
• Procurement & Contract Support
• Work closely with the Contracts C Procurement teams in preparing tender documents, bid evaluations, and cost analyses.
• Validate vendor quotations, recommend commercially viable options, and support award decisions.
• Review contractor claims, variations, and change orders for accuracy and budget impact.
• Support negotiations to optimize cost outcomes and ensure transparency in financial commitments.
• Financial Governance & Reporting
• Ensure adherence to internal financial policies, project accounting standards, and cost control procedures.
• Coordinate with the Finance team for project cash flow management, capitalization, and audit compliance.
• Generate timely MIS reports, dashboards, and management summaries on project financial performance.
• Maintain accurate cost records for ongoing and completed projects for audit and benchmarking purposes.
• Strategic Support & Cross-functional Collaboration
• Collaborate with senior project leadership to align cost management practices with organizational strategy.
• Provide insights on market cost trends, inflation impacts, and material/labor escalation risks.
• Participate in post-project reviews to identify lessons learned and improve forecasting accuracy.
• Engage with external consultants, contractors, and vendors to maintain market intelligence and cost benchmarks.

Skills

• financial planning,budgeting,and cost control