Lead Cost Control Engineer at GE VERNOVA in Noida

As related customer equipment, faciliaties or infrastructure projects: responsible for project delivery, profit loss accountability, and customer satisfaction through management of project related activities and resources. Responsible for departmental operations planning/execution or is focused on execution of professional activities within a technical discipline. Functions with some autonomy but guided by established policies or review of end results. The job allows modification of procedures and practices covering work as long as the end results meet standards of acceptability (quality, volume, timeliness etc.).

Responsibilities and Accountabilities

• Maintains project cost to complete budgets in alignment with as sold position and in coordination with budget holders, consistently with actual progress and trend
• Supports forecast estimation and verifies the accuracy of the actual to date cost (material, labor, manufactured costs, suppliersinvoices, timesheets, travel expenses.). Drive and challenge budget at completion, with analysis through various means (earned value, productivity, cost ratio, market trends). Validates accuracy of estimates
• Develop mitigations / catch up plans in alignment with functional leaders and Project Manager
• Aligns with project team and time schedule to ensure forecasted cost risks are accurately captured and costs time phased.
• Checks and controls cost movements, compares with current scope and progress as well as with previous forecast.
• Communicates cost status / forecasts /risk to budget holders and drives / supports risk mitigation and cost out.
• Presents all financial data in a transparent way, attends project and management review to present cost status, budget deviations and root causes.
• Aligns with Finance Controller to ensure reconciliation takes place between approved project financial data and books.
• Aligns with planner to ensure costs and schedule are aligned, providing time phased cost forecasts for sales pacing.
• Reports on cost movement root causes impacting sales targets.
• Support disputes and analysis of claims

Qualifications Experience

Educational/Experience Requirements

• Degree qualified either in engineering (with financial awareness), or in finance (with good understanding of scope content on HV substations).
• Minimum 5+ years experience of cost controls / project controls / project management on large complex or turnkey infrastructure projects.
• Experience in risk management processes and tools.
• Knowledge of ERP systems is an asset (SAP preferred).
• Experience managing small teams within a large project is an asset.
• Project planning experience / good P6 planning software understanding is an asset.