• Develop and prepare budgets for projects, departments, or the organization as a whole.
• Collaborate with project managers and other stakeholders to establish cost baselines.
• Create financial forecasts based on current and projected expenses and revenues.
• Update forecasts regularly to reflect changes in project scope or market conditions.
• Track actual costs against the budget to identify variances.
• Monitor expenses on an ongoing basis to ensure they align with budgeted amounts.
• Analyze cost data to identify trends, inefficiencies, and opportunities for cost savings.
• Investigate variances and provide explanations for any discrepancies.
• Prepare regular financial reports and summaries for management, stakeholders, and project teams.
• Ensure reports are accurate, timely, and provide insights into cost performance.
• Generate variance analysis reports to highlight deviations from the budget.
• Recommend corrective actions to address any negative variances.
• Implement and maintain internal controls to ensure financial integrity and prevent fraud.
• Ensure adherence to financial policies and procedures.
• Ensure compliance with relevant financial regulations, standards, and laws.
• Prepare documentation and support audits as needed.
• Support project managers in controlling costs and ensuring projects stay within budget.
• Provide financial input for project planning and execution phases.
• Evaluate the financial impact of project changes and variations.
• Update budgets and forecasts to reflect approved changes.
• Communicate financial information effectively to various stakeholders, including project teams, senior management, and clients.
• Provide financial advice and guidance to support decision-making.
• Work closely with accounting, procurement, and other departments to ensure accurate financial data.
• Coordinate with external vendors and contractors as needed.
• Utilize financial software and tools for budgeting, forecasting, and reporting.
• Ensure data accuracy and integrity within financial systems.
• Identify and implement process improvements to enhance cost control efficiency.
• Stay updated on best practices and emerging trends in cost management.

• A degree in finance, accounting, business administration, economics, or a related field is usually required.
• Advanced degrees such as a Master\xe2\x80\x99s in Business Administration (MBA) or Master\xe2\x80\x99s in Finance can be advantageous.
• Certifications can enhance credibility and knowledge in the field: Certified Management Accountant (CMA), Chartered Global Management Accountant (CGMA), Certified Public Accountant (CPA), Project Management Professional (PMP), particularly if working on large projects.
• Several years of experience in accounting, finance, or cost control.
• Experience in specific industries (e.g., construction, manufacturing, oil and gas) may be preferred, depending on the job.
• Experience working with project teams and managing project budgets can be beneficial.
• Proficiency in cost estimation, budgeting, and forecasting.
• Expertise in financial software and tools, such as SAP, Oracle, Microsoft Excel, and other ERP systems.
• Familiarity with project management software can be an advantage.
• High level of accuracy and attention to detail in managing financial data and reports.
• Excellent verbal and written communication skills for effective reporting and stakeholder interaction.
• Ability to explain complex financial concepts to non-financial stakeholders.
• Strong problem-solving skills to address financial discrepancies and recommend corrective actions.
• Understanding of financial regulations, standards, and compliance requirements relevant to the industry.
• Strong organizational and time management skills to handle multiple tasks and deadlines efficiently.
• Ability to work collaboratively with different departments and stakeholders.
• Effective negotiation skills to manage cost-related discussions.
• High ethical standards and integrity in managing financial information.

Taylor Hopkinson