Project Cost Manager

7 days ago


Port Hedland, Australia beBeeCostControl Full time $90,000 - $125,000
Cost Control Specialist

We are seeking a skilled Cost Control Specialist to join our project team. As a critical member of the team, you will be responsible for overseeing and monitoring project costs to ensure alignment with approved budgets.

  • Prepare and submit monthly Value of Work Done (VOWD) reports to stakeholders
  • Support tracking and managing variation costs and procurement commitments against forecasts
  • Ensure all costs and time are booked to the correct cost code and under correct CTR
  • Track and analyze materials, plant, tooling, and equipment costs against budget
  • Conduct regular audits to verify and adjust cost entries in financial systems
  • Review time allocations by offsite resources and coordinate approvals
  • Initial vetting of incoming invoices for correct coding and matching to purchase orders
  • Support Financial Analyst with creation of Contractors monthly invoice and all supporting data
  • Reconcile timesheet data against mobilisation records to ensure billing accuracy is maintained
  • Develop and communicate cost control procedures as necessary to ensure accurate and timely reporting of real-time costs
  • Cost control, forecasting, and analysis against project requirements
  • Run commitment reports to monitor and adjust any outstanding commitments
  • Monitor project budgets and report weekly on the status of commitment to Commercial and Procurement Lead highlighting any potential risk
  • Lead project cost attribution with regard to month-end financial close processes, timely invoice processing and raising, accruals and cost transfers, monitoring and reviewing aged accruals, monthly financial performance monitoring/reporting, undertaking variance analysis (actual vs. planned) and advising project leads on financial risks and appropriate resolution

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