Posted By
Posted in
Banking & Finance
Job Code
1589844

Job Description:
- Cost Estimation: Develop accurate cost estimates for projects, including materials, labor, and overheads.
- Cost Assessment: Analyze and assess project costs to ensure alignment with budgetary constraints.
- Cost Monitoring: Continuously monitor project costs and provide regular updates to management.
- Cost Control: Implement cost control measures to ensure projects are completed within budget.
- Reporting: Prepare detailed cost reports and financial statements for management review in addition to the statutory reporting requirements and auditing.
- Budgeting: Assist in the preparation of project budgets and financial forecasts.
- Variance Analysis: Conduct variance analysis to identify discrepancies between actual and estimated costs.
- Process Improvement: Recommend and implement process improvements to enhance cost efficiency.
- Compliance: Ensure compliance with financial regulations and company policies.
- Risk Management: Identify and mitigate financial risks associated with project costs.
- Inventory Management: Oversee inventory costing and valuation to ensure accurate financial reporting.
- Cost Allocation: Allocate costs to various project components and departments accurately.
- Collaboration: Work closely with project managers, engineers, and procurement teams to ensure accurate cost tracking.
- Training: Provide training and guidance to junior staff on cost accounting practices.
- Stakeholder Communication: Communicate cost-related information effectively to stakeholders, including clients and senior management.
- Technology Utilization: Utilize advanced cost accounting software and tools to streamline processes and improve accuracy.
- Strategic Planning: Contribute to strategic planning and decision-making by providing cost-related insights
Qualification
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Posted By
Posted in
Banking & Finance
Job Code
1589844