Job Description

Cost Control Systems Development and Implementation:

Design and establish comprehensive cost control systems to manage expenses across renewable energy projects.

Create cost control procedures, define cost categories, and set up monitoring tools for precise expenditure tracking.

Collaborate with project managers to integrate these systems into project workflows and ensure compliance with financial reporting standards.

Budget Preparation and Cost Estimation:

Prepare accurate budgets and cost estimates for renewable energy projects.

Work with project managers to gather data, assess project requirements, and develop detailed budget plans, ensure budgets are comprehensive, realistic, and aligned with project goals, supporting approvals and effective financial management throughout the project lifecycle. Provide budget allocation and details for PR Creation and Commercial/Project NFAs on time.

Monitoring, Analyzing, and Optimizing Expenditures:

Monitor project expenditures to ensure alignment with budgeted amounts.

Analyze financial data to identify deviations from the budget, investigate cost variances, and generate regular financial reports. Implement cost-control measures and develop strategies to enhance cost efficiency while maintaining project quality and timelines. Compare actual costs against forecasts and identify opportunities for cost control or reduction.

Cost Reporting, Documentation, and Assurance:

Prepare and maintain detailed cost reports and documentation for renewable energy projects.

Accurately record financial transactions according to company policies and regulatory requirements. Provide insights into project financial status, support transparency, and ensure documentation is complete and up-to-date. Review and provide feedback on Project/Commercial NFAs to Head - PMAG in a timely manner.

Business Growth and Project Support:

Support bid readiness in a timely manner, including coordination of BoQ from Engineering, estimation from the Technical team, and meeting bid deadlines.

Assist in the Projects Master Plan and deliverables. Provide support for the finalization of Capex for international opportunities, such as the Sri Lanka Wind Project. Conduct detailed due diligence of M&A opportunities from a cost perspective if applicable.

Training, Organization Building, and Reporting:

Attend 5 man-days of training during the financial year, including both behavioral and technical training. As part of the Internal Auditor for IMS Group-1, conduct audits and provide reports according to the IMS implementation and sustenance schedule.

Prepare and report on EAC of projects with variance analysis. Monitor module performance, including CPAG presentations and cashflow variance analysis for Chairman MIS. Review Pre-Ops reports and provide inputs for Chairman Review Meetings.

Key Stakeholders - Internal:

Project Teams

TC Teams

HR & Admin Teams

PMAG Teams

Quality Teams

IT Teams

Finance Team

Operations Team

Educational Qualification:

Bachelor’s degree in Engineering (Civil, Mechanical, Electrical, or Renewable Energy) or a related technical field

Work Experience:

8-12 years of experience in cost control, budget control, estimating, project execution.

Knowledge of SAP required. Strong Excel skills. Analytical skills.

Experience working in renewable energy, construction, or industrial projects is preferred

Strong communication skills and experience working directly with clients, vendors, and internal teams