
Senior Financial Controller
5 days ago
Job Summary:
We are seeking an experienced Budget and Cost Analyst to manage project budgets, analyze cost claims, and review payment certificates at Eighteenpk.
Responsibilities:- Budget Creation: Collaborate with stakeholders to develop accurate project budgets, ensuring effective resource allocation and seamless coordination.
- Cost Claim Assessment: Thoroughly evaluate contractor-submitted EOT claims, providing in-depth analyses after verification and assessment by the Engineer.
- Tender Review: Carefully review Tender B.O.Q's received from design consultants before tendering, guaranteeing adherence to company standards.
- Payment Schedule Administration: Administer payment certificates for contractors, consultants, and suppliers, ensuring timely payments and maintaining vendor relationships.
- VO Process Management: Coordinate VO process between all parties until finalization, fostering open communication and resolving any discrepancies.
- Contract Compliance: Ensure application of contract conditions, particularly payment terms, penalties, deductions, etc., upholding company integrity.
- Cost Forecasting: Prepare comprehensive cost forecasts and review assessments received from consultants, guaranteeing accuracy and reliability.
- Project Budget Monitoring: Continuously monitor and control project budgets, identifying areas for improvement and implementing corrective measures as needed.
- Team Engagement: Foster strong relationships with departments to ensure scope of works are clearly identified, promoting collaboration and cooperation.
- Regular Cost Updates: Prepare detailed regular cost updates for project monitoring, facilitating informed decision-making and strategic planning.
- Cost Advisory: Provide expert advice to project directors/PMs on issues impacting cost or time, offering insightful cost control guidance to the project team.
- Final Account Preparation: Prepare definitive final accounts, updating project cost estimates considering changes occurred or expected, ensuring financial transparency.
- Document Management: Maintain documents according to company policies and procedures, guaranteeing compliance and efficiency.
- Cash Flow Projections: Assist in preparing company cash flow for upcoming years by estimating total budget for upcoming projects in accordance with project schedules, enabling proactive financial planning.
- Record Keeping: Ensure records and documents are filed and maintained in line with company procedures, promoting accountability and transparency.
- Critical Milestone Identification: Identify critical milestones, including interfaces with utility providers and other third parties, ensuring smooth project execution.
- Project Progress Reports: Prepare weekly/monthly project progress reports to be issued to top management, facilitating real-time monitoring and adjustment.
- Risk Mitigation Strategies: Develop mitigation strategies as needed, anticipating potential risks and taking proactive measures to minimize their impact.
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