Project Cost Controller

About the role

Do you want to join our Geo-data revolution? Fugro's global reach and unique know-how will put the world at your fingertips. Our love of exploration and technical expertise helps us to provide our clients with invaluable insights. We source and make sense of the most relevant Geo-data for their needs, so they can design, build, and operate their assets more safely, sustainably, and efficiently. But we're always looking for new talent to take the next step with us. For bright minds who enjoy meaningful work and want to push our pioneering spirit further. For individuals who can take the initiative but work well within a team. Job Purpose: The Project Cost Controller shall advise Service Line Managers and Project Managers on their individual project's financial performance (EVA and Cash). In addition to this function, the Project Controller shall assist the Business Line Directors and Service Line Managers in the preparation of the required monthly financial accounts and reports. He is responsible for controlling the project costs and updating the project cost forecast, including schedule impacts on costs for one or more projects at complexity levels 1, 2, and 3 by producing and maintaining monthly financial forecasts and work-in-progress reports. The Project Cost Controller is responsible for the accurate management of the financial accounts of all assigned projects within the Business Line. The primary function of this role is to accurately track and report project revenues, change orders, costs, overheads, actual and forecast Earned Value, and projected versus actual cash flow.. Work with project managers to design and optimize the best financial strategies that achieve all project contractual requirements with efficient use of resources. Validation before submission to the client and tracking of invoice payments against modelled cash flows. Project revenues (both invoices and WIP) and costs to be reconciled with the accounts department to ensure matching values at the month-end closing.

Responsibilities

• Financial :
• a) Maintain accurate actual revenue and cost records of all medium to large projects.
• b) Forecast Earned Value and Cashflow with the ability to develop optimal financial strategies with project managers before deployment/commitment of resources.
• c) Reconcile project revenue and costs with the accounts department.
• d) Set up project schedule, contract invoicing, and cash milestones.
• e) Validate project invoices before submission to the client and track client payment cashflows.
• f) Track and advise project managers on individual project outstanding DRO (Days Receivable Outstanding) and DBO (Days Billing Outstanding) days.
• g) Assist in the preparation of monthly and quarterly project reports.
• h) Help prepare monthly project forecasts, revenues and margins.
• i) Follow up with Clients regarding timely payment within the contractual timeframe, as well as chasing up overdue payments.
• Principal Working Relationships :
• The Project Accountant is required to work closely with Project Managers, Project Coordinators, and the Business Controller
• Required Experience & Skills:
• CA Final or BCom/ MBA in Finance, having 6-8 years of experience in project costing, cost control, budgeting, revenues, and monitoring
• Strong communication skills, analytical mindset, and a proactive, results-driven approach.
• Takes ownership and initiative, acts with confidence, and works under own direction.

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