Cost Controller – Cost & Budget (Equivalent to DGM)

Job Description

Title: Cost Controller – Cost & Budget (Equivalent to DGM)

Company Name: Rupayan Group

Vacancy: 1

Age: 38 to 45 years

Location: Dhaka

Salary: Negotiable

Experience:
∎ At least 12 years
∎ The applicants should have experience in the following business area(s):Real Estate, Group of Companies, Developer

Published: 30 Oct 2024

Education:
∎ Master degree / MBA in Finance from a reputed University.
∎ FCMA
∎ In addition, having Civil Engineering degree will get preference.
∎ Master degree / MBA in Finance from a reputed University.
∎ FCMA
∎ In addition, having Civil Engineering degree will get preference.

Requirements:

Additional Requirements:
∎ Age 38 to 45 years
∎ At least 12 years’ of total experience and knowledge on working which 02 to 03 years in similar positions, ideally in a group of company preferably Real Estate Company.
∎ Strong communication, leadership, consulting, influencing and negotiation skills & Problem solving ability.
∎ Demonstrable understanding of business needs, quick adaptation to change management, problem-solving mindset, achieving business goal, business strong analytical and strategic thinking.
∎ At least 12 years’ of total experience and knowledge on working which 02 to 03 years in similar positions, ideally in a group of company preferably Real Estate Company.
∎ Strong communication, leadership, consulting, influencing and negotiation skills & Problem solving ability.
∎ Demonstrable understanding of business needs, quick adaptation to change management, problem-solving mindset, achieving business goal, business strong analytical and strategic thinking.

Responsibilities & Context:
∎ Job Context:
∎ Cost Controller is a position to organize, lead the Cost & Budget Department to do cost estimates, budgets, costing, monitoring and cost control. This position is responsible to efficiently and professionally deal the matters of project wise costing, budgeting, controlling, reporting etc. He/ She will organize the workforces working under him/ her, train them, lead them and will get things done by them as per the requirements of the organization. His/ her main objective shall be controlling cost, increase profitability and also assist top management for taking right decision at right time on costing, budgeting and financial matters. He/ She also must know the way of mobilizing resources for the best interest of the organization. He/ She must have adequate knowledge and experience to compare the cost with BOQ and control the cost to increase profitability.
∎ Key Responsibilities:
∎ Budgeting & Forecasting:
∎ o Develop, implement, and monitor detailed budgets for all real estate projects, including pre-construction, construction, and operational phases.
∎ o Lead annual budgeting and forecasting processes, working closely with project managers, finance, and executive leadership.
∎ o Prepare cost forecasts, and update budgets as needed to reflect changes in project scope, schedule, or other factors.
∎ Cost Control & Analysis:
∎ o Establish and implement cost control measures and systems to monitor project expenditures and variance.
∎ o Conduct thorough analysis of costs, reviewing and identifying potential areas for cost reduction and savings.
∎ o Prepare periodic financial reports, highlighting cost trends and budget adherence, and offer recommendations to improve cost-efficiency.
∎ Risk Management:
∎ o Identify and assess cost-related risks, including material cost fluctuations, labor costs, and vendor/contractor management.
∎ o Develop and implement risk mitigation strategies to manage and minimize financial risks in projects.
∎ Project Planning & Support:
∎ o Provide cost estimations for new projects, including feasibility studies and financial analysis to aid in project selection and planning.
∎ o Collaborate with project teams, providing cost insights to support decision-making throughout the project lifecycle.
∎ Vendor & Contract Management:
∎ o Evaluate vendor quotes, negotiate terms, and manage relationships with contractors and suppliers.
∎ o Ensure contract compliance, manage changes in contracts, and evaluate contract renewals or terminations.
∎ Reporting & Compliance:
∎ o Prepare and present financial and budget reports to executive leadership, highlighting key metrics, cost projections, and budget performance.
∎ o Ensure compliance with internal policies, accounting standards, and regulatory requirements in all budgeting and cost activities.
∎ Team Leadership:
∎ o Lead and mentor the cost and budget team, promoting a culture of accuracy, accountability, and continuous improvement.
∎ o Coordinate with cross-functional teams, including finance, project management, procurement, and operations.

Compensation & Other Benefits:
∎ Mobile bill
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Yearly
∎ Festival Bonus: 2
∎ As per Company Policy.

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka

Company Information:
∎ Rupayan Group

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 29 Nov 2024

Category: Accounting/Finance