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Title
Text copied to clipboard!Project Cost Assurance
Description
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We are looking for a Project Cost Assurance professional to join our team and play a critical role in ensuring the financial integrity and cost efficiency of our projects. This position is responsible for overseeing cost control processes, validating project budgets, and ensuring that expenditures align with approved financial plans. The ideal candidate will have a strong background in project management, finance, or cost engineering, and will be adept at identifying cost risks, implementing mitigation strategies, and providing accurate financial reporting.
As a Project Cost Assurance specialist, you will collaborate closely with project managers, finance teams, procurement, and other stakeholders to monitor and control project costs throughout the project lifecycle. You will be expected to review cost estimates, track actual expenditures, and analyze variances to ensure that projects remain within budget. Your insights and recommendations will be essential in supporting decision-making and maintaining financial discipline across the organization.
Key responsibilities include conducting cost audits, verifying contractor and supplier invoices, and ensuring compliance with internal policies and external regulations. You will also be responsible for developing and maintaining cost assurance frameworks, tools, and reporting mechanisms that support transparency and accountability.
This role requires excellent analytical skills, attention to detail, and the ability to communicate complex financial information clearly to both technical and non-technical audiences. Experience with project management software, ERP systems, and cost control tools is highly desirable.
If you are passionate about financial accuracy, risk management, and contributing to the successful delivery of projects, we encourage you to apply for this exciting opportunity.
Responsibilities
Text copied to clipboard!- Monitor and control project costs throughout the project lifecycle
- Review and validate project budgets and cost estimates
- Conduct cost audits and ensure compliance with financial policies
- Analyze cost variances and recommend corrective actions
- Collaborate with project managers and finance teams on cost planning
- Verify contractor and supplier invoices for accuracy
- Develop and maintain cost assurance frameworks and tools
- Prepare regular cost reports and financial forecasts
- Identify cost-related risks and implement mitigation strategies
- Support internal and external audits related to project finances
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, accounting, engineering, or related field
- 3+ years of experience in cost control, project finance, or related role
- Strong analytical and problem-solving skills
- Proficiency in project management and cost control software
- Excellent communication and interpersonal skills
- Attention to detail and high level of accuracy
- Knowledge of financial regulations and compliance standards
- Ability to work collaboratively in cross-functional teams
- Experience with ERP systems such as SAP or Oracle
- Professional certification (e.g., CCP, PMP) is a plus
Potential interview questions
Text copied to clipboard!- What experience do you have with project cost control?
- How do you ensure accuracy in financial reporting?
- Describe a time you identified and resolved a cost overrun.
- What cost control tools or software are you proficient in?
- How do you collaborate with project teams on budgeting?
- Have you ever conducted a cost audit? What was the outcome?
- What strategies do you use to mitigate cost-related risks?
- How do you handle discrepancies in contractor invoices?
- What is your experience with ERP systems like SAP or Oracle?
- Why are you interested in a Project Cost Assurance role?