Estimator and Cost Controller

An Estimator and Cost Controller plays a pivotal role in the financial management of projects, ensuring cost efficiency and effective fiscal planning. This position involves the estimation of project costs, preparation of budgets, tracking of expenses, and ensuring alignment with financial targets. The individual in this role must be adept at analyzing project specifications, identifying cost variables, and forecasting future financial needs. Communication skills are essential, as the Estimator and Cost Controller will collaborate closely with project managers, engineers, and other stakeholders to provide accurate financial reporting. The role requires meticulous attention to detail and strong analytical abilities to interpret financial data and offer actionable insights for cost optimization. Adaptability and a proactive approach to problem-solving are critical for maintaining budgetary control and ensuring that projects are delivered on time and within financial bounds. With a solid grasp of financial software and spreadsheet tools, this professional ensures that all financial aspects of a project are meticulously managed and documented.

Responsibilities

• Analyze project specifications to accurately estimate projected costs and budgets.
• Collaborate with project managers to align financial plans with project goals.
• Develop detailed cost estimates and timelines to guide project financial planning.
• Monitor and track project expenses to ensure financial targets are met.
• Identify cost-saving opportunities and recommend adjustments as necessary.
• Prepare comprehensive financial reports for stakeholders and management review.
• Utilize financial software tools to maintain accurate budget and expense records.
• Communicate financial findings and implications clearly to project teams.
• Perform risk assessments related to budgeting and cost projections.
• Stay updated on industry trends to refine cost and estimation processes.
• Ensure that all financial operations comply with relevant regulations and standards.
• Adapt quickly to any changes in project scope or financial forecasts.

Requirements

• Bachelor’s degree in finance, accounting, or related discipline.
• Proven experience in cost estimation and financial project management.
• Strong proficiency in financial software applications and spreadsheet tools.
• Excellent analytical skills with a keen eye for detail.
• Exceptional communication skills for effective stakeholder collaboration.
• Ability to work under pressure while maintaining accuracy and attention to detail.
• Knowledge of industry standards and regulations impacting financial practices.
• Strong problem-solving abilities and results-oriented mindset.
• Ability to interpret complex financial data and provide actionable insights.
• Project management experience and understanding of project life cycles.
• Proficiency in risk assessment and cost forecasting methodologies.
• Adept at staying current with technological advancements in finance software.