Project Cost Controller

Qualifications Minimum: • Bachelor’s degree in: • Finance • Accounting • Business Administration • Management Information Systems (MIS) • Computer Engineering • Information Technology (IT) Required Experience Minimum: • 5+ years of experience in: • Cost Control / Cost Management • Technology / IT Projects Preferred: • At least 3 years of experience in large-scale IT projects. • Experience working within PMO environments. • Experience in IT project contract and claims management. Preferred Professional Certifications Project Management: • PMP – Project Management Professional Finance & Cost Management: • CCP – Certified Cost Professional • CMA – Certified Management Accountant • CPA – Certified Public Accountant Required Technical Skills • Budget preparation and financial forecasting. • Cost and variance analysis. • Earned Value Management (EVM). • Contract and claims management. • Financial risk management. Software & Tools • Microsoft Excel – Advanced • Oracle ERP • Power BI Key Responsibilities 1. Budget Management & Cost Control • Prepare, review, and monitor budgets for IT projects. • Track actual project expenditures against approved budgets. • Ensure financial performance remains aligned with approved project plans. • Analyze cost and budget variances and recommend corrective actions. 2. Cost Planning & Financial Forecasting • Develop cost estimation models for IT projects. • Prepare project cash flow forecasts and financial projections. • Regularly update forecasts based on project progress, changes, and financial performance. 3. Contract & Vendor Cost Management • Review financial terms and commercial aspects of IT project contracts and agreements. • Verify invoices, payment requests, and completion certificates against contractual terms. • Monitor Purchase Orders (POs), Change Requests, and contract variations. • Review and validate financial claims submitted by vendors and consultants. 4. PMO & Project Management Support • Support the preparation of financial business cases and feasibility studies for IT projects. • Provide financial and cost management support to Project Managers throughout the project lifecycle. • Review project spending plans and ensure alignment with approved budgets. • Participate in project governance meetings and provide updates on project financial performance. 5. Earned Value Management (EVM) • Monitor and analyze key project performance indicators, including: • Planned Value (PV) • Earned Value (EV) • Actual Cost (AC) • Cost Performance Index (CPI) • Schedule Performance Index (SPI) • Monitor project performance against approved cost and schedule baselines. 6. Financial Reporting & Analysis • Prepare periodic project cost and financial reports for senior management. • Develop financial dashboards and KPI reports using relevant reporting tools. • Prepare and analyze: • Budget vs. Actual Reports • Cost Variance Analysis • Financial Forecast Reports • Financial Risk Reports 7. Financial Risk Management • Identify and assess potential financial risks affecting IT projects. • Evaluate the impact of financial risks on project budgets, costs, and schedules. • Develop mitigation plans and recommend corrective actions. • Monitor contingency reserves and ensure their appropriate utilization. IT Project Scope Responsible for monitoring and controlling costs across various technology projects, including: • ERP Implementation Projects • IT Infrastructure & Data Center Projects • Cloud Computing Projects • Network & Telecommunications Projects • Artificial Intelligence & Data Analytics Projects Show more Show less

Minimum: Bachelor's degree in Finance, Accounting, Business Administration, Management Information Systems (MIS), Computer Engineering, Information Technology (IT). Required Experience: 5+ years in Cost Control / Cost Management and Technology / IT Projects. Preferred: At least 3 years in large-scale IT projects; PMO environments experience; IT project contract and claims management experience. Preferred Professional Certifications: PMP (Project Management Professional); CCP (Certified Cost Professional); CMA (Certified Management Accountant); CPA (Certified Public Accountant). Required Technical Skills: Budget preparation and financial forecasting; Cost and variance analysis; Earned Value Management (EVM); Contract and claims management; Financial risk management. Software & Tools: Microsoft Excel – Advanced; Oracle ERP; Power BI.

1. Budget Management & Cost Control: Prepare, review, and monitor budgets for IT projects; track actual expenditures against approved budgets; ensure financial performance aligns with project plans; analyze cost and budget variances and recommend corrective actions. 2. Cost Planning & Financial Forecasting: Develop cost estimation models; prepare cash flow forecasts and financial projections; regularly update forecasts based on project progress and performance. 3. Contract & Vendor Cost Management: Review financial terms of IT contracts; verify invoices and payment requests; monitor POs, change requests, and contract variations; review and validate financial claims from vendors and consultants. 4. PMO & Project Management Support: Support financial business cases and feasibility studies; provide financial/cost management support to Project Managers; review spending plans and ensure alignment with budgets; participate in governance meetings with updates on financial performance. 5. Earned Value Management (EVM): Monitor PV, EV, AC, CPI, SPI; assess performance against baselines. 6. Financial Reporting & Analysis: Prepare periodic cost/financial reports; develop dashboards and KPI reports; prepare Budget vs Actual, Cost Variance Analysis, Financial Forecasts, Financial Risk Reports. 7. Financial Risk Management: Identify and assess financial risks; evaluate impact on budgets and schedules; develop mitigation plans; monitor contingency reserves.