Project Cost Controller overseeing financial aspects of projects at AEG Power Solutions. Managing budgets, cash flow, and ensuring compliance while collaborating with project teams.
Responsibilities
Monitor and track project costs, hours, and sales to ensure they remain within budget and meet revenue targets.
Establish processes and tooling for project controlling.
Investigate and explain discrepancies in costs, labor hours, and sales by analyzing variances.
Implement cost-control strategies and identify opportunities for savings while highlighting potential financial risks.
Monitor project cash flow and, with support from the Project Manager (PM), ensure positive cash flow on projects.
Review project budgets regularly (monthly or quarterly) with the project team and update forecasts as necessary.
Assist in the development, monitoring, and enforcement of project budgets.
Prepare and present regular financial reports on project performance.
Provide financial analysis and recommendations to project managers, and support financial forecasting and projections.
Train the project management team on project finance.
Model and anticipate fluctuations in raw material or labor costs for projects.
Collaborate with project managers, the finance team, and other stakeholders to ensure alignment on project financials and clear communication.
Ensure compliance with company policies, procedures, and accounting standards, and maintain accurate project financial records and documentation.
Requirements
Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
Minimum of 5 years of proven experience as a Project Cost Controller.
Knowledge of project management principles and practices.
Strong analytical and problem-solving skills.
Proficiency in Microsoft Office, especially Excel, and experience with financial software.
Strong knowledge of ERP software: SAP R/3 and SAP S/4HANA.
Excellent communication and interpersonal skills.
Willingness to travel to our factories in Germany, Spain, Singapore, and China.
Attention to detail and ability to work in a fast-paced environment.
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