Project Cost Controller

Overview

• The cost controller stands at the intersection of project management and financial management; the task is to ensure that Ambercycle's projects are within budget and that financial forecasts are met. The cost controller needs to conduct cost estimates and improve the project cost control process to mitigate unnecessary construction project costs. This role is broad and detailed, requiring a delicate balance of strategic oversight and close attention to project cost details.
• The role is reporting directly to the Project Controls Manager.
• The role will be based at project site in Gresik, East Java, Indonesia.

Duties & Responsibilities

• Develop and maintain the project budget; forecast project costs based on historical data, market trends, and project specifics. 
• Identifying variance and providing early warning for corrective actions to Project Control Manager. 
• Review and validate cost inputs from discipline leads to ensure accurate and up-to-date cost reports. 
• Prepare and submit internal and management cost report, including weekly and monthly cost reports, cash flows, commitment logs, and forecast at completion, in coordination with the Project Control Manager. 
• Review subcontractor performance reports and validate subcontractor invoices against agreed progress and contract terms. 
• Regularly monitor actual project expenditures against the budget and forecast future costs. Prepare detailed cost reports and financial summaries to present to project managers and senior management. 
• Evaluate the financial impact of changes in project scope, including additional work or alterations, and incorporate these into the project budget. 
• Work closely with the general counsel and procurement team to manage contracts, including reviewing bids, making recommendations, and ensuring contract compliance regarding project costs. 
• Identify potential financial risks associated with project delays, cost overruns, and other issues. Develop and implement strategies to mitigate these risks. 
• Use financial modelling to predict outcomes of project financial performance. Analyse variances between actual and budgeted or forecasted costs and recommend corrective actions. 
• Continually assess and improve cost control methods, tools, and processes to enhance the efficiency and accuracy of cost management. 
• Ensure compliance with internal financial policies and procedures, as well as relevant regulatory requirements. 
• Prepare accurate and timely financial reports, including project cost forecast, variance analysis and profitability assessment. 
• Prepare draft invoices for reviewed by Project Director and Operational Management. 
• Assist accounting with gross margin analysis of jobs, revenue accruals, month end closing and cash flow. 

Required Qualifications

• Bachelor's degree in engineering, finance, business administration or a related field. 
• At least 8-10years’ experiences in project Cost Engineering, preferably in the construction industry 
• Advanced proficiency in spreadsheet software (e.g., Microsoft Excel) and financial management systems 
• Solid understanding of project contracts, cost allocation, and financial risk management. 
• Familiarity with industry-specific project management software and tools is a plus. 
• Strong knowledge of project management methodologies and financial principles 
• Strong understanding of prevailing wage laws, regulations, and reporting requirements 
• Proficient in financial analysis, forecasting, and budgeting techniques. 
• Excellent analytical skills with the ability to interpret complex financial data. 
• Exceptional attention to detail and ability to prioritize tasks in a fast-paced environment.  
• Excellent communication and interpersonal skills to effectively collaborate with cross-functional team. 
• Strong problem-solving skills and ability to make sound decisions. 
• High ethical standards and integrity when handling sensitive wage data.

Ambercycle is an Equal Opportunity Employer; employment with Ambercycle is governed on the basis of merit, competence and qualifications and will not be influenced in any manner by race, color, religion, gender, national origin/ethnicity, veteran status, disability status, age, sexual orientation, gender identity, marital status, mental or physical disability or any other legally protected status.