Project Budget Controller

Job Detail

1. Budget Planning & Forecasting Develop, consolidate, and maintain project budgets in collaboration with project managers and finance teams. Prepare financial forecasts, cash flow projections, and cost-to-complete analyses for all phases of the project. Ensure budgets align with organizational goals, contract requirements, and funding approvals. 2. Financial Monitoring & Reporting Track actual project expenditures against approved budgets on a regular basis. Identify variances, analyze their causes, and propose corrective actions to management. Prepare periodic financial status reports, dashboards, and presentations for internal and external stakeholders. 3. Cost Control & Compliance Implement cost-control measures and ensure adherence to financial policies and procedures. Review and approve project-related invoices, purchase orders, and expense claims for budget compliance. Conduct regular audits of project spending to ensure accuracy and prevent overrun. 4. Risk Management Monitor financial risks and develop mitigation strategies for budget-related issues. Flag potential cost overruns early and provide recommendations for budget reallocation or scope adjustments. 5. Stakeholder Collaboration Work closely with project managers, procurement, and finance departments to ensure clear communication of budget status. Support contract management by verifying payment terms, change orders, and financial obligations. 6. Systems & Process Improvement Maintain and update financial tracking tools, software, and templates to improve budget management efficiency. Recommend improvements to project financial processes to increase transparency and control. 1. Budget Planning & Forecasting Develop, consolidate, and maintain project budgets in collaboration with project managers and finance teams. Prepare financial forecasts, cash flow projections, and cost-to-complete analyses for all phases of the project. Ensure budgets align with organizational goals, contract requirements, and funding approvals. 2. Financial Monitoring & Reporting Track actual project expenditures against approved budgets on a regular basis. Identify variances, analyze their causes, and propose corrective actions to management. Prepare periodic financial status reports, dashboards, and presentations for internal and external stakeholders. 3. Cost Control & Compliance Implement cost-control measures and ensure adherence to financial policies and procedures. Review and approve project-related invoices, purchase orders, and expense claims for budget compliance. Conduct regular audits of project spending to ensure accuracy and prevent overrun. 4. Risk Management Monitor financial risks and develop mitigation strategies for budget-related issues. Flag potential cost overruns early and provide recommendations for budget reallocation or scope adjustments. 5. Stakeholder Collaboration Work closely with project managers, procurement, and finance departments to ensure clear communication of budget status. Support contract management by verifying payment terms, change orders, and financial obligations. 6. Systems & Process Improvement Maintain and update financial tracking tools, software, and templates to improve budget management efficiency. Recommend improvements to project financial processes to increase transparency and control. Key Deliverables: Approved project budgets and forecasts. Monthly or quarterly financial status reports with variance analyses. Recommendations for cost-saving measures or reallocation of funds. Audit-ready project financial records.