Cost Controller
Engineering Graduate from premier institute or university. Preferably additional degree in financial management
5 To 10
Education Engineering Graduate from premier instituteor university. Preferably additionaldegree in financial management Professional Experience 8-10 years’ experience in an EPCorganization, of which at least 5 years has been in a role involving costcontrol and invoicing activities Key Skills/Deliverables
  • Cost monitoring and control
  • Preparation of project cost plans
  • Analysis of cost overruns along with mitigation plans
  • Project budgeting
  • Invoicing
  • Cash flow monitoring
Key relationshipsInternal to organization: Project Manager, Project Controls manager,Project Control team, Procurement team, Finance and Accounts, Constructionmanagement team External to organization: Clients Accounts team, and for others as required, through externalinterface functionaries ResponsibilitiesPrime Responsibilities:
  • Establish cost control procedure, cost breakdown structure, budgetsand other specific systems to monitor and control project costs
  • Ensure appropriate assignment of costs to various CBS / WBS elements
  • Prepare an estimate of planned vs. actual cost, compile CostEstimate at Completion (EAC) reports for cost review meetings with client and management
  • Monitor and Control Cost Commitment towards vendors and subcontractors
  • Track cash flows on monthly basis and update cash flow statusreports
  • Provide financial risk analysis for the project as required with aview to take mitigation measures
  • Provide cost projections to assist in formulation and finalisationof annual and midterm project budgets
  • Prepare billing break up and invoicing procedure based on contractrequirement.
  • Track and collect all back up documents required for invoicing.  Minimise time from event to collections
  • Raise invoices based on the approved billing break up
  • Monitor Working Capital requirements for the project and minimisesame through timely invoicing
Shared cross-functionally:
  • Support Finance and Accounts for Forex / Commodity hedging
  • Support the Project Controls Manager in the development and deliveryof written/verbal presentations to the companys leadership and customer
  • Coordinate with cost controller to establish congruence betweenplanning and cost WBS
Key competencies – FunctionalNeed to have:
  • Knowledge of financial management with good understanding of taxesand other duties
  • Good understanding of controllable cost drivers in the EPC context
Nice to have:
  • Hands on experience with SAP or other cost booking/MIS interface
  • Strong quantitative / analytical ability
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Public are advised to note with caution that these messages are false and L&T or L&T Hydrocarbon Engineering Limited has not sent out any such e-mails, nor sought such deposits.

The Company sincerely requests the public not to be misled by such false communication. L&T bears no responsibility towards this. Public are hereby warned that these e-mails/ letters are a fraud, which is being perpetrated in the organizations’ name by certain unknown parties. L&T is also taking legal steps in this regard to bring the offenders to books”.

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