General Description of Role and Responsibilities:
- ERP System Management:
- Administer and maintain the ERP system including configuration customization and user access management to support project cost accounting budget tracking and financial reporting requirements.
- Collaborate with IT and finance teams to optimize ERP functionality troubleshoot system issues and implement enhancements to streamline project costing processes and improve data accuracy.
- Project Cost Management:
- Develop and implement project cost management strategies policies and procedures to monitor control and analyze project costs throughout the project lifecycle.
- Coordinate with project managers engineers and procurement teams to establish project budgets cost estimates and resource allocations based on project requirements and contractual obligations.
- Cost Estimation and Budgeting:
- Assist in the preparation of project cost estimates budget forecasts and financial plans using historical data cost models and industry benchmarks to support project planning and decisionmaking.
- Review and analyze project budgets expenditures and variances to identify costsaving opportunities mitigate financial risks and ensure adherence to budgetary constraints.
- Financial Analysis and Reporting:
- Perform financial analysis variance analysis and costbenefit analysis to assess project performance identify trends and forecast future project costs and revenues.
- Prepare regular and adhoc financial reports dashboards and executive summaries using ERP reporting tools to provide project stakeholders with timely and accurate financial insights.
- Contract Management and Compliance:
- Collaborate with contract administrators and legal teams to review project contracts change orders and subcontractor agreements to ensure alignment with project cost objectives and compliance with contractual terms.
- Monitor contract deliverables milestones and payment schedules to track project expenditures validate invoice charges and resolve billing discrepancies in accordance with contract requirements.
- Process Improvement and Optimization:
- Identify opportunities for process improvement automation and standardization within the project costing function to enhance the efficiency accuracy and scalability of cost management processes.
- Implement best practices controls and internal audit procedures to maintain data integrity ensure regulatory compliance and mitigate fraud risks within the ERP system.
Qualifications Experience Knowledge and Skills:
- Minimum of 5 years of work experience.
- Wellversed with Oracle Projects & Costing.
- Oracle and ERP technical & functional background.
- Ability to analyze data and come to conclusions.