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1. Cost Control & Monitoring

• Track and monitor project expenditures against approved budgets.
• Analyze cost variances and identify causes of over/under-spending.
• Maintain cost control systems to ensure accurate project cost allocation.
• Assist project managers in understanding financial performance and cost implications.

2. Budgeting & Forecasting

• Support the preparation of annual and project-specific budgets.
• Develop cost projections and forecasts based on project schedules and progress.
• Update cost estimates and forecasts regularly to reflect actual performance.

3. Accounting & Reporting

• Record and reconcile all project cost transactions (materials, labor, equipment, subcontractors, overhead).
• Prepare monthly cost reports, cash flow analyses, and financial statements for ongoing projects.
• Ensure that all expenses comply with internal control procedures and company policies.
• Support month-end and year-end closing activities related to cost accounting.

4. Cost Analysis

• Conduct detailed cost analysis by activity, phase, and resource category.
• Review supplier and subcontractor invoices for accuracy and consistency with contracts.
• Identify cost-saving opportunities and assist management in implementing efficiency measures.

5. Coordination & Support

• Collaborate with procurement, warehouse, and project management teams to validate material and service costs.
• Provide financial insights and cost data for decision-making and project planning.
• Participate in project review meetings to present financial performance indicators.

6. Compliance & Documentation

• Maintain proper documentation of cost data, reports, and supporting records.
• Ensure compliance with local accounting standards and company financial policies.
• Assist in internal and external audits related to project and cost accounting.

Skills

• Analytical and detail-oriented mindset.
• Excellent numerical and reporting skills.
• Strong communication and coordination abilities.
• Ability to work under pressure and meet deadlines.
• Sound knowledge of cost control techniques and project cost management.
• Proficiency in ERP systems (e.g., Odoo, SAP, Oracle, or similar) and MS Excel.
• Strong understanding of construction project accounting, cost control, and budgeting principles.