Head of Cost Management- Real Estate Industry

2 weeks ago


Taguig, National Capital Region, Philippines El Construction Group Inc. Full time

Job Description:

We are seeking a dynamic and experienced Head of Cost Management to oversee and manage the financial aspects of our real estate projects. This individual will be responsible for procurement, cost control, budgeting, and monitoring to ensure the successful execution of our projects within established financial parameters.

Key Responsibilities:

  • Procurement Management:
  • Lead the procurement process for all site materials required for real estate projects.
  • Source, negotiate, and manage relationships with suppliers and vendors to ensure competitive pricing and timely delivery of materials.
  • Develop and implement procurement strategies to optimize costs while maintaining quality standards.
  • Cost Control:
  • Implement robust cost control measures to track and manage project expenditures.
  • Monitor daily expenses against approved project budgets and take proactive measures to address any discrepancies.
  • Identify cost-saving opportunities and recommend strategies to mitigate risks and achieve cost efficiencies.
  • Budgeting and Monitoring:
  • Establish project budgets in collaboration with project teams and senior management.
  • Develop comprehensive budget plans, considering all project requirements and contingencies.
  • Monitor project budgets throughout the project lifecycle, track financial performance against targets, and provide regular updates to stakeholders.
  • Analyze variances and deviations from budgeted costs, investigate root causes, and implement corrective actions as necessary.
  • Monitoring and Validation:
  • Oversee the progress of projects, validate accomplishments, and ensure adherence to work schedules.
  • Conduct regular site visits and inspections to assess project status, identify potential cost implications, and address any issues proactively.
  • Collaborate with project managers and teams to resolve challenges and minimize disruptions to project timelines and budgets.
  • Reporting and Communication:
  • Prepare and present regular reports on project financial performance, including budget utilization, cost trends, and forecasted expenditures.
  • Communicate effectively with internal stakeholders, including senior management, project teams, and finance departments, to provide timely updates and address any concerns.
  • Participate in project meetings and reviews to provide expert insights and recommendations on cost management matters.

Qualifications:

  • Bachelor's degree in Finance, Accounting, Construction Management, or related field. Master's degree preferred.
  • atleast 5 years of experience in cost management, procurement, or financial management in the real estate or construction industry.
  • Proven track record of successfully managing project budgets and controlling costs.
  • Strong understanding of procurement processes, contract management, and vendor negotiations.
  • Excellent analytical skills with the ability to interpret financial data and identify trends and patterns.
  • Advanced proficiency in MS Excel and financial management software.
  • Exceptional communication and interpersonal skills, with the ability to collaborate effectively across teams and levels of the organization.
  • Strong leadership capabilities with a demonstrated ability to lead and motivate teams towards achieving common goals.

Job Type: Full-time

Benefits:

  • Additional leave

Schedule:

  • 8 hour shift
  • Day shift
  • Monday to Friday

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