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Senior Cost Manager

2 weeks ago

Singapore beBeeCost Full time

Job Title: Senior Cost Manager

  • Role Summary:

As a senior cost manager, you will play a pivotal role in reviewing and analyzing major projects to ensure accurate forecasting and reporting. Your key responsibilities will include promoting consistency and standardization in cost reporting practices across all projects.

Key Responsibilities:
  • You will review project specifications and contract conditions, developing tailored procurement and contract strategies during the tender/pre-contract phase of major projects.
  • You will verify cost competitiveness and highlight contractual or specification risks to senior management, offering appropriate recommendations.
  • You will assess projected profit margins to confirm they are aligned with the project's risk profile.
  • You will conduct audits on projects as requested by senior management, evaluating the accuracy of reports, financial and legal/contractual risks, and the performance of the QS and contract administration teams.
  • You will audit key contract administration functions such as SOP compliance, procurement schedules, document registers, and subcontractor management.
  • You will provide support on project commercial and legal matters, including Extension of Time (EOT) requests and cost claims.
  • You will collaborate with Financial Planning & Performance, Corporate Planning, Legal, and Governance teams as required.
  • You will coordinate and attend tender submission review meetings with group companies, ensuring that risk management is effectively conducted, offering advice to improve risk controls, and documenting meeting minutes.
  • You will attend project cost control meetings with group companies to evaluate cost management practices and provide guidance for improvement.
  • You will participate in cost feedback sessions to support analysis of profit or loss causes and assist in developing preventive measures and cost control improvements for future projects.
  • You will organize and coordinate meetings related to project profit and loss (P&L) reviews, including feedback and analysis sessions.
  • You will monitor and assess cost control operations and P&L management across group companies, recommending improvements where necessary.
  • You will support root cause analysis of profit fluctuations and help formulate and disseminate preventive or profit-enhancing measures across group entities.
  • You will become proficient in the new cost control system and assist in training relevant staff across group companies.
  • You will facilitate communication between group companies and headquarters regarding updates on current tenders and ongoing project statuses.
Required Skills and Qualifications:
  • You should have excellent analytical skills, with the ability to analyze complex data and make informed decisions.
  • Strong communication skills, both written and verbal, are essential for effective collaboration with cross-functional teams.
  • You should be able to work well under pressure and manage multiple priorities simultaneously.
  • Proficiency in cost control systems and software is highly desirable.
Benefits:
  • A competitive salary package and benefits.
  • Ongoing training and development opportunities.
  • The opportunity to work on challenging and high-profile projects.
  • A collaborative and dynamic working environment.
How to Apply:

If you are a motivated and experienced professional looking for a new challenge, please submit your application, including your resume and a cover letter outlining your experience and qualifications.