Project Cost Controller



Job Duties & Responsibilities

  • Provides an accurate & timely reporting on results & KPIs (budget, actual and forecasts) for the main projects within scope, from tender stage to completion of the project
  • Checks and challenges upstream master data needed for project accounting
  • Ensures cost follow-up and control of flows at project level.
  • Monitors Work-In-Progress accruals
  • Make sure Invoices are issued when due with proper documentation; drives Invoicing & Collection action Plans
  • Checks and challenges accuracy of gross margin booked during the life of the project; analyses and explains financial performance of the project and identify improvement levers
  • Links legal, technical, purchase or sales events/issues/ information to financial performance in order to take into account all risks
  • Supports project manager/CMD in building & implementing performance action plans. Ensures adequate tracking is in place to assess impacts of actions plans on financial results
  • Conducts and communicates a comprehensive risk and financial impact analysis, including impacts on processes and tools, and ensures decisions are taken according to it
  •  Deploys financial processes and internal controls, adapting them to the project’s constraints/environment
  •  Primary scope will be Myanmar
  •  Will hierarchically report to the Myanmar Finance Director and functionally to the ROW Cluster CAFO
  • Forecast and Planning
  •  Performs margins and cashflow forecasts during tender / quotation and development phases of projects
  •  Builds project budgets by establishing schedules, collecting, analyzing, and consolidating financial and operational data, recommending plans
  •  Controls the cost and budget for design, procurement and installation activities (budget, actual and forecast). Follows-up incurred costs, commitments, and future costs. Challenges the risks associated with the different operations
  •  Conducts Commercial assessments and valuations
  •  Follows-up on currency hedging/exposure
  •  Calculates the overall tender profit and loss, prepares Cash Forecast based on inputs from the project team
  • Record to report
  •  Prepares monthly project financial reporting & dashboards, analysis of project KPIs and monitoring indicators
  •  Manages cash and hedging flows
  •  Prepares and/or challenges master data for project accounting: percentage of completion, WIP accruals, forecasts for costs at completion, contingencies…
  •  Ensures Invoices are issued when contract milestones are met and follows-up required documentation
  •  Justifies the accounts.
  •  Acts as a key user for implementation and evolution of Finance applications within scope (e.g. ERP Finance / ePro)
  • Business Performance and Partnering
  •  During tender phases of the project:
  •  Takes part in contract reviews where all contractual and operational risks are assessed. Assesses contractual clauses and qualifications as well as other contractual elements. Makes sure invoicing milestones are properly described and adequate
  •  Assesses all financial and contractual risks, in collaboration with entity CFOs : currency, commodity, contractual liabilities, supplier performance & credit risks, customer credit risk, cash flow, assessing bank guarantees, international tax issues, and other regulatory issues.
  •  Challenge and scrutinize cost assumptions.
  •  Validates Forecasted Gross Margin & Cashflow
  •  Prepares risk assessment for Project Offer Approbation reviews, when applicable
  •  During the life of the project:
  •  Analyzes financial and operational indicators to explain project results & cash profiles
  •  Animates the margin forecasting process at completion according to frequency defined in the corresponding procedures, share info with accounting (revenues and costs accruals)
  • Manages project budget by collecting expenditures, analyzing variances, initiating corrective actions
  •  Continuously looks for and identifies cost reduction and cash generation opportunities at project level
  •  Provides project status, prepares special reports of financial condition by collecting, analyzing and interpreting financial data, information and trends
  •  Monitors the project margin, cash, currency hedging, hedging risk, guarantees, tax (establishment of invoices) ; assesses financial risks and challenges costs at completion assumptions
  • Financing and Cash Management
  •  Measures cash flows and financial risks on own project
  •  Involves in the billing process to make sure invoices are timely issued
  •  Drives WIP invoicing and Cash collection action plans
  •  Conducts credit risk analysis of customers and suppliers and follows bank guarantees with Group Treasury
  • Tax management
  •  Follows-up and manages key decisions regarding international taxation principles (corporate tax, VAT and customs duties). Liaising with external tax advisors in countries of operational activities when a project involves several countries.
  • Internal Control
  •  Enforces group and entity financial procedures and translates Camusat procedures at project level. Fosters internal control in all functions
  •  Supervises access rights management systems and compliance with the segregation of duties
  •  Ensures relevancy and compliance of commitments and purchase orders
  •  Manages the review of external auditors and internal auditors on the project, if any
  •  Contributes to the definition and implementation of action plans following internal audit conclusions at the level of the project or regarding project management

Required Skills & Knowledge

  •  Excellent knowledge of the geographical area offer: markets, technical nature of products, target prospects, local economy,
  •  Knowledge of telecommunications sector : products and services,
  •  Solid experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, payroll, and accounting for investments.
  •  Significant experience in team management,
  •  Strong organizational, analytical and interpersonal skills.
  •  Advanced Excel skills, ability to work with lookups and pivot tables.
  •  Proficiency in Microsoft Word, Outlook and PowerPoint.
  •  Strong verbal and written communication skills.
  •  Self-motivated to learn new concepts and participate in new projects

Qualifications

  •  Three to four years of experience in a similar position; experience with operations preferred.
  •  B.Com CPA or B.Act CPA or ACCA (prefer with MBA)
  •  Have a flare for numbers, work well with people, aggressively anticipate impacts of workload/issues to team deadlines and have a very positive work attitude including willing to work some longer hours during peak periods.
  •  Strong experience in income statement analysis.
  •  Experience with Oracle Financial Analyzer or equivalent, and Business Intelligence, a plus.

Apply now via e-mail at hr.myanmar@camusat.com