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Cost Controller And Invoicing Engineer

L&T Hydrocarbon Engineering Ltd
Experience : 4 Years
Education : BE/B.Tech
Location : Mumbai
Job Role : Engineer
Posted on 19 Feb 20
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Job DescriptionLast Date 13 Apr 20
ROLE: Cost Controller and Invoicing Engineer

QUALIFICATIONS: Mechanical

EXPERIENCE: 5-10(Years)

NUMBER OF POSITIONS: 1

EMPLOYMENT STATUS: Permanent

JOB LOCATION: Mumbai

Prime Responsibilities:

  • Development and implementation of project cost breakdown structure (CBS)in consultation with Project Manager, PCM and Project Planning/SchedulingEngineer.
  • Responsible to monitor project total expenditure to ensure that all projectexpenditures are captured and properly recorded.
  • Implement and monitor costs within each stage of project until its close-out.
  • Perform project costing related reporting on a monthly basis to ensurethat expenditures are kept within the project budget and cost reports areissued highlighting Cost Committed, Balance Commitments & Cost to Complete(CTC) and Cost Variance (CV)
  • Prepare and submit Project Valuation Reports highlighting Contract Value,Cost to Complete, Variance and key commercial conditions of the Contract. 
  • Coordinate with Finance department by providing updated Cost and Cashflowdata of the project to facilitate Hedging plans with Finance and Treasury
  • Develop Customer Billing schedule based on Milestone stages provided inContract. 
  • Prepare the Payment Milestones and get them approved from Client intimely manner. 
  • Coordinate for timely Invoicing and Payment Collection from Customer
  • Coordinate with Project leads and Contracts department to identify anychanges need to be budgeted
  • Coordinate with contracts department for costing of the variations anddisputed claims
  • Provide cost control and planning advice to the internal PMT team as andwhen required. 
  • Provide Cost Control related data for Project close out report at thecompletion of the project
Job Type : Full Time
Interview Type : Face to Face Interview
Company Description
L&T Construction, India's largest construction organization and ranked among the world's top 30 contractors, has been over the past seven decades transforming cityscapes and landscapes with structures of immense size and grandeur. The company's capabilities span the entire gamut of construction - civil, mechanical, electrical and instrumentation engineering - and its services extend to all core sector industries and infrastructure projects. Several of the country's prized landmarks - edifices, structures, airports, industrial projects, flyovers, viaducts, water and power infrastructure projects carry L&T's signature of excellence in construction. Today, more and more structures beyond India's boundaries are standing tall, thanks to L&T Construction.
L&T’s - POWER TRANSMISSION & DISTRIBUTION IC, A leading EPC player offers integrated solutions and end-to end services ranging from design, manufacture, supply installation and commissioning of transmission lines, substations, distribution networks, electrical & instrumentation works for power, process, infrastructure projects, like Power plants including thermal & nuclear plants, process plants, hydrocarbon & pipeline projects, IT parks, airports, sea ports, metros, intra-city power transmission networks, etc. Also we execute EPC Projects for solar photovoltaic (PV) and concentrated solar power (CSP). We are the first vertical in L&T, enters into new geographical areas and provide excellent opportunity to young Engineers to gain the much needed exposure to International Construction Practices
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