About this role
Role Purpose
To monitor and control project costs for Innovo MEP, tracking actual expenditure against approved budgets and providing timely cost reports to support project management decision-making.
Key Accountabilities
Cost Monitoring
- Track and analyse project costs against approved budgets on a weekly and monthly basis.
- Identify cost variances and escalate significant deviations to the Cost Control Team Leader.
Cost Reporting
- Prepare monthly cost reports, cost-at-completion forecasts, and variance analyses.
- Maintain cost databases and ensure all project transactions are correctly coded.
Cash Flow Reporting
- Prepare project cash flow forecasts and track actual spend versus forecast.
- Highlight cash flow risks and funding gaps to the Cost Control Team Leader.
Budget Management Support
- Assist in project budget setup and cost baseline establishment.
- Liaise with QS, procurement, and finance to ensure cost data accuracy.
Change Control
- Track approved variations and update project cost baselines accordingly.
- Verify that cost impacts of change orders are correctly captured in cost reports.
Innovation & Value Creation
- Introduce modern tools, technologies and processes that improve efficiency and transparency.
- Encourage innovative thinking to enhance outcomes and reduce costs without compromising quality.
Qualifications, Experience, Knowledge & Skills
- Bachelor's degree in Engineering, Finance, or Quantity Surveying
- Minimum 4–6 years of cost control experience in MEP or construction
- Advanced Excel skills; ERP proficiency preferred
- Strong analytical and reporting skills