Senior Manager/AGM – Budgeting and Cost Monitoring - Projects

Job Summary: The Senior Manager / AGM – Budgeting s Cost Monitoring (Projects) will be responsible for driving the financial planning, budgeting, and cost control functions for organisation//'s development projects. The incumbent will play a key role in ensuring cost efficiency, budgetary compliance, and effective resource allocation across all stages of project execution - from concept and design through construction and handover.

This position requires a professional with a strong foundation in construction cost management, financial analysis, and project budgeting, as well as a deep understanding of real estate design, engineering, and execution practices.

Key Responsibilities:

Project Budgeting & Cost Planning Develop comprehensive project budgets based on concept designs, drawings, BOQs, and historical cost data. Prepare cost estimates and forecasts at various design stages (concept, schematic, GFC). Conduct feasibility and sensitivity analyses to assess project viability. Identify cost-saving opportunities through value engineering in coordination with design and project teams. Maintain benchmark cost databases for different project typologies and regions. Cost Monitoring & Control Implement systematic cost control processes across all active projects. Monitor and analyze cost performance, identifying deviations and initiating corrective actions. Prepare monthly cost reports, financial dashboards, and cost-to-complete analyses for management review. Track project commitments, expenditures, and forecasts to ensure alignment with approved budgets. Procurement & Contract Support

Work closely with the Contracts C Procurement teams in preparing tender documents, bid evaluations, and cost analyses. Validate vendor quotations, recommend commercially viable options, and support award decisions. Review contractor claims, variations, and change orders for accuracy and budget impact. Support negotiations to optimize cost outcomes and ensure transparency in financial commitments. Financial Governance & Reporting Ensure adherence to internal financial policies, project accounting standards, and cost control procedures. Coordinate with the Finance team for project cash flow management, capitalization, and audit compliance. Generate timely MIS reports, dashboards, and management summaries on project financial performance. Maintain accurate cost records for ongoing and completed projects for audit and benchmarking purposes. Strategic Support & Cross-functional Collaboration Collaborate with senior project leadership to align cost management practices with organizational strategy. Provide insights on market cost trends, inflation impacts, and material/labor escalation risks. Participate in post-project reviews to identify lessons learned and improve forecasting accuracy. Engage with external consultants, contractors, and vendors to maintain market intelligence and cost benchmarks.