Senior Cost Manager

POSITION: Senior Cost Manager

DEPARTMENT: Cost Management

REPORTING TO: Associate Director Cost Management

DIRECT REPORTS: Associate Director Cost Management

LOCATION: Bengaluru

Our goal at LAMBSROCK is to provide unparalleled service to every client setting the benchmark within our industry As a Senior Cost Manager youll be at the forefront of our mission leading and guiding our cost management teams to deliver exceptional results. This pivotal role combines strategic leadership handson project oversight and client relationship management to ensure the successful of projects from inception to completion. If youre passionate about driving impactful change fostering client satisfaction and leading highperforming teams this role offers an exciting opportunity to make a significant impact in the world of cost management consultancy. Your leadership will be pivotal in establishing LAMBSROCK as an industry frontrunner committed to delivering unparalleled service and value to our clients while fostering a culture of continuous growth and innovation throughout the organization.

Position Purpose

The Senior Cost Manager is responsible for leading the cost management function ensuring that all project costs are effectively estimated controlled and reported. This role involves overseeing the development of project budgets monitoring expenditures and providing comprehensive financial analysis to ensure projects are completed within budget. The Senior Cost Manager works closely with project teams suppliers and stakeholders to ensure financial efficiency and effective cost control while also mentoring and guiding junior team members.

Qualifications and Experience:

Education:

• Bachelors degree in finance Accounting Engineering Construction Management or a related field. A masters degree or professional certification (e.g. MRICS CCP) is highly desirable.

Experience:

• 12 years of experience in cost management finance or a related field with a proven track record of managing and leading project cost functions.

Skills:

• Exceptional analytical numerical and problemsolving skills.
• Advanced proficiency in Microsoft Office Suite particularly Excel.
• Extensive experience with cost management software (e.g. CostX Sage Procore).
• Excellent communication negotiation and interpersonal skills.
• Strong leadership and team management abilities.
• Detailoriented with outstanding organizational and timemanagement skills.

Other Requirements:

• Deep understanding of construction or project management processes.
• Ability to handle multiple complex projects and meet tight deadlines.
• Commitment to continuous learning and staying updated with industry trends and best practices.

Duties & Responsibilities:

Leadership and Team Management:

Lead and manage the cost management team providing direction mentorship and development opportunities.

Assign tasks and responsibilities to team members ensuring effective workload distribution.

Conduct performance reviews and provide constructive feedback to team members.

Cost Estimation:

Oversee the preparation of detailed cost estimates for all project stages.

Analyze project specifications and requirements to develop accurate and comprehensive cost estimates.

Conduct indepth market research to obtain current cost data for materials labor and equipment.

Budgeting and Cost Control:

Develop implement and maintain project budgets forecasts and financial plans.

Monitor project costs against the budget identifying and addressing any variances.

Implement robust cost control measures to ensure project costs remain within budget.

Review and analyze cost reports providing detailed insights and recommendations on cost performance.

Financial Reporting:

Prepare and present detailed financial reports including cost reports cash flow projections and budget updates.

Ensure the accurate and timely recording of all projects financial transactions.

Provide data and insights for regular financial reviews audits and stakeholder presentations.

Procurement Management:

Oversee the preparation and management of procurement documents including requests for proposals (RFPs) and contracts.

Evaluate bids and proposals to ensure costeffectiveness and value for money.

Maintain strong relationships with suppliers and contractors to secure competitive pricing.

Project Support:

Collaborate with project teams to understand project objectives schedules and financial requirements.

Attend project meetings providing costrelated insights recommendations and financial support.

Resolve complex costrelated issues and disputes ensuring timely and effective solutions.

Prepare and present costrelated documentation and presentations for project stakeholders.

Data Management:

Maintain and update cost databases and records ensuring data accuracy and integrity.

Develop and implement advanced cost management tools and software to enhance efficiency.

Ensure compliance with company policies procedures and industry standards.

Strategic Planning and Development:

Contribute to the development of cost management strategies and best practices.

Identify opportunities for cost savings and process improvements.

Stay updated with industry trends and advancements integrating them into the cost management process.

What We Offer:

Competitive salary and benefits package

Opportunities for professional growth and career advancement

A collaborative and dynamic work environment

Involvement in highprofile and diverse projects

Ongoing training and development programs

LAMBSROCK is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Remote Work :

No