The Project Cost Analyst is to support effective financial governance of projects by monitoring costs, managing budgets, and delivering timely financial insights. The role ensures project expenditures align with approved financial models and budgets while supporting decision-making through analysis and reporting.
Key Responsibilities:
Cost Monitoring & Control
- Monitor project expenditures against approved budgets and financial models.
- Identify, investigate, and report cost variances, discrepancies, and potential risks.
- Ensure proper cost allocation in collaboration with project teams.
- Support cost optimization initiatives across projects.
Reporting & Analysis
- Prepare periodic cost reports, dashboards, and financial summaries for management.
- Conduct trend analysis and identify key cost drivers.
- Provide actionable recommendations to improve cost efficiency.
- Perform ad hoc financial analysis and reporting as required by management.
- Support continuous improvement initiatives in financial processes.
Coordination & Communication
- Liaise with project managers, procurement, and finance teams to ensure alignment.
- Communicate financial updates and insights to stakeholders clearly and effectively.
- Support cross-functional collaboration for financial planning and control.
Budget Control & Monitoring
- Develop, maintain, and update project budgets within the system.
- Review and process budget requests in accordance with company policies.
- Track budget utilization and report variances.
- Ensure compliance with financial controls and governance standards.
Qualifications/Requirements:
- Diploma or Bachelor's Degree in Accounting, Finance, Business Administration, or related field.
- Minimum 2–5 years experience in cost analysis, financial analysis, or accounting roles.
- Experience in project-based environments is an advantage.
- Strong analytical, numerical, and problem-solving skills.
- Understanding of project costing and financial management principles.
- High level of accuracy and attention to detail.
- Proficiency in Excel, financial modelling software, and other analytical tools is required.
- Ability to present financial information clearly to non-financial stakeholders.
- Familiarity with financial modelling tools and ERP systems is an advantage.
