Our client is an established organization.For this role, you are theProject Controller reporting to the CFO and will supported by a small team. You will supervise the overall project cost management for the project and ensure that the project is implemented within budget approved by the Board.
The Project Controller shall work closely with Project team on the following:
1) Project Costing guidelines/ policies
Formulating and ensuring compliance of operating guidelines and policies of the project including rules of engagement of vendors and contractors including Procurement policies, Project tender process, Expense and capitalisation policies, Grant qualification and requirements, Authorisation mandate including escalation process for cost over-run, Contingency and change order management
2) Project Risk Management, Costing, tracking and reporting analysis
The PC shall work closely with the project management team to compile the overall project cost, both external contractors and internal management cost, for approval by development committee and board. The total cost is analysed into periods for tracking and cash management.
On a monthly / quarterly basis, the PC shall be responsible for monitoring/reporting the project spent to date against the approved project cost, investigate and follow up on any variances and determining course of action. The PC shall provide regular updates to the development Committee and management on any changes to the overall project cost and any cost over-run for assessment of their impact on the return on investment.
3) Budgeting Process
The PC shall coordinate the annual planning and budget process by working with the respective project leads to develop the overall budget for all project initiatives. The annual work plan and budget shall be submitted to the management of the Company for endorsement and to the Board of Directors for approval. The PC shall also conduct quarterly reviews of the work plan and budget, and update the management and Board on the progress.
In addition, the PC shall work closely with the project team to ensure that project design and development activities are in accordance with allotted budget.
4) Contract Negotiation
The PC shall set the rules of engagement with the contractors and participate in the contract negotiation with respect to cost of engagement, payment schedule, payment milestones, retainer amounts, etc
5) Cashflow Management
6) Accounting of project cost
The PC shall ensure that invoices are processed in a timely manner and in accordance to the negotiated terms of contract. In addition, the PC shall ensure proper coding of the invoices taking into consideration accounting (capitalisation policies), taxes (GST, WHT and Corp tax), government grant qualifications, etc
7) Tracking and management of the government grant
8) System implementation
Sourcing and implementation of a project cost management system to track the overall project cost, actual spent and approved budget including any on-going approved cost revisions and cost over-runs.
Qualifications
- Bachelor’s Degree in Business, Finance, Accountancy or related disciplines. Over 10 years of relevant work experience including managing of project costing for large-scale developments and complex construction projects. Knowledge of project contracts and change order documents is preferred.
- High proficiency in Microsoft Office, especially Excel and PowerPoint. Experience in project management systems.
- Strong cost control governance and ability to drive cost controls and initiatives.
- Open to doing a hands-on and start up role. Able to deal with ambiguity.
- Strong stakeholder skills including dealing with the government on grant matters
- Highly analytical for financial planning and analysis, corporate planning, and stakeholder management. Extremely organised, detailed, proactive, able to multi-task and work independently in a fast-paced, dynamic and highly matrix environment, while meeting tight deadlines.
- Strong communication skills – ability to communicate financial matters effectively to non-financial managers. Ability to work as a team and to develop financial knowledge and commercial awareness among the project team.
- Zero travel as this is a Singapore focused role
- Open to work in the Northern part of Singapore
