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Cost Tracking Professional

1 week ago

Canberra, ACT, Australia Rec-Partners Full time

We are looking for an experienced Cost Tracking Professional to join our team at Rec-Partners Canberra. As a key member of our finance department you will play a critical role in managing budgets and ensuring our projects are delivered on time and within budget.

About Us

Our client is a leading player in the construction industry with a diverse portfolio of projects across various sectors. We are committed to delivering complex and impactful projects that showcase our expertise in innovation and sustainability.

The Role

The successful candidate will be responsible for overseeing budget management and cost tracking for our projects. This will involve developing and implementing budget processes working closely with budget holders to prepare and update budgets establishing and maintaining Earned Value Management (EVM) processes and validating contracts purchase orders and invoices against budget allocations.

Key Responsibilities
  • Budget Development: Develop and implement budget processes ensuring alignment with project deliverables.
  • Earned Value Management (EVM): Establish and maintain EVM processes conducting monthly updates to track project performance.
  • Cost Control & Procurement: Validate contracts purchase orders and invoices against budget allocations ensuring accurate cost coding and tracking of commitments.
  • Cost Monitoring & Accruals: Oversee cost-to-date reports controlling financial ledgers and estimate accruals for contracts labor materials and equipment.
  • Variance Analysis: Identify and analyse cost variances conduct root cause analysis and collaborate with stakeholders to address discrepancies.
Requirements
  • Bachelor's degree in finance Accounting or a related field Engineer background is a plus.
  • 5+ years of experience in cost control or project control within the construction engineering or infrastructure sector.
  • Strong proficiency in ERP systems and project cost software.
  • Experience in large-scale construction projects preferably in a JV structure.
  • Strong analytical problem-solving and communication skills ability to work collaboratively across functions and adapt in a fast-paced environment.