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Job Description – Budget & Cost Manager Position Title:AM/Manager-Budget & Cost Control Location:Okhla Phase 3, New DelhiRole Overview: TheBudget and cost Manager will be part of the CEO Office team and responsible for implementing, monitoring, and analyzing budgeting and cost control across real estate projects. This role will ensure that financial processes arefollowed, budgets are aligned with project execution, and cost efficiencies are achieved. The position will bridgefinance, procurement, contracts, and project teams , ensuring smooth coordination and adherence to financial strategies. The focus will be ondriving execution, enforcing compliance, and providing analytical insightsrather than direct negotiation or transactional finance work.Key Responsibilities: 1. Project Budget Monitoring & Cost Oversight (Real Estate Focus) Ensure direct cost monitoringfor real estate projects, covering materials, labor, and subcontractor expenses. Track and analyzebudget vs. actual expenditures , identifying cost overruns and ensuring corrective actions. Drive theimplementation of OPEX/CAPEX budgeting , ensuring clear tracking and reporting. MonitorBOQ updates in FarVisionto reflect real-time budget adjustments. Work closely withQS, Procurement, and Contracts teamsto ensure cost discipline and adherence to financial processes.2. Implementation & Process Compliance Ensure Budget controls, and reporting mechanisms areexecuted effectively . Conducted cost audits and analyses to validate compliance with approved budgets. Conductrate analysis auditsto ensure procurement and contract pricing is aligned with market standards. Maintain and updaterate benchmarking databasesfor key materials, labor, and subcontractor services. Drive theautomation of budget reportingthrough ERP (FarVision) enhancements.3. Cost Analysis & Reporting Conductdetailed cost variance analysisand recommend process improvements. Developreal-time dashboardsto monitor project budgets, commitments, and cash flow. EnsureBudget vs. Actual Reportingis accurate and accessible for leadership review.4. Cross-Department Execution & Monitoring Collaborate withProcurement, QS, and Contracts teamsto ensure budget compliance in material procurement and vendor payments. Work alongsideFinanceto align budget approvals, payments, and cost reporting. Ensurecontractor evaluationsinclude cost performance as a key metric. Monitorcost trendsand provide proactive alerts for potential budget risks.Key Requirements: Education & Experience: Master’s degreein finance & accounting. 5+ yearsof experience in budgeting, cost management, and financial monitoring(preferably in real estate or construction) . Experience working withERP systems (Far Vision preferred)and financial reporting tools. Expert-level proficiency in Excel, including VBA for macro development. Strong analytical and problem-solving skills. Ability to work independently and manage multiple tasks simultaneouslySkills & Competencies: - Strongimplementation and monitoringskills to drive compliance and execution. Expertise inbudgeting, cost tracking, and variance analysisfor real estate projects. Hands-on experience withfinancial reporting and data analytics . Ability to coordinate cross-functionally withQS, Procurement, Contracts, and Finance teams . Strong problem-solving skills and aprocess-oriented mindset .