DGM, Costing & Budgeting (MEP)
Larsen & Toubro
Role Summary
Supports budgeting, cost tracking, and variance analysis across multiple projects and business units. Ensures consistency in cost control practices and provides timely cost data to support management decisions.
Key Responsibilities
- Support achievement of cost and margin targets across projects
- Track project budgets and actual costs
- Identify cost overruns and saving opportunities
- Support financial discipline across the organization
- Provide accurate cost data to project and business teams
- Support management with reliable cost reports
- Partner with project teams to meet cost objectives
- Enhance stakeholder confidence through transparent cost information
- Assist in preparation of budgets and cost estimates
- Track actual costs and prepare variance analysis
- Support BOQ reviews and contract cost monitoring
- Maintain cost control systems and databases
- Prepare MIS reports for management review
- Ensure adherence to cost control processes and policies
- Build expertise in cost management and project controls
- Learn advanced cost analysis and forecasting techniques
- Develop skills in ERP and project control tools
- Participate in process improvement initiatives
Knowledge & Experience
Minimum Qualifications
- B.E. Civil / Quantity Surveying / MBA (Finance) / CA-Inter / CMA-Inter
Language Skills
- English
- National (Preferred)
- Regional (Desirable)
Years of Experience
- Experience in budgeting, cost tracking, variance analysis, BOQ review, and MIS reporting in real estate or infrastructure projects.
Technical & Behavioral Skills
- Ability to apply knowledge of forecasting to plan, allocate, and monitor financial resources.
- Ability to systematically compare, verify, and align records and data sets across different systems or sources to identify discrepancies and ensure data integrity.
- Ability to understand project/package requirements and accurately forecast anticipated costs by evaluating materials, manpower, equipment, vendor, and overhead expenses using market realities and historical data.
- Ability to apply knowledge of existing performance criteria and market pricing to evaluate and determine cost-effective rates for resources and services.
- Ability to apply knowledge of basic principles of forecasting, cost estimation, and budget management to conduct variance analysis.
