Estimating & Cost Section Manager
Job purpose
The Estimating & Cost Section Manager is responsible for leading and managing the estimating and cost control functions within the organization. This role involves overseeing cost estimation processes, budgeting, financial forecasting, and cost analysis for projects to ensure accuracy, efficiency, and alignment with organizational objectives.
Duties and responsibilities
- Oversee the development of accurate cost estimates for projects, including materials, labor, equipment, and overheads.
- Review and approve cost estimates and proposals, ensuring they align with project specifications and organizational standards
- Develop and manage project budgets, including cost planning, allocation, and monitoring.
- Track budget performance and adjust as necessary to ensure projects are completed within financial constraints.
- Prepare and update financial forecasts for projects, analyzing potential cost impacts and risks.
- Provide financial insights and recommendations to support decision-making and project planning.
- Analyze cost variances, identify cost-saving opportunities, and ensure corrective actions are taken.
- Maintain comprehensive documentation of cost estimation and control activities.
Qualifications, Knowledge & Skills
- Bachelor’s degree in finance, Accounting, Engineering, Construction Management, or a related field. Advanced degree.
- Proven experience in a managerial role overseeing cost estimation and control functions.
- Minimum of 15 years of Experience: Candidates must possess a substantial background in the relevant field, demonstrating proficiency through previous roles or projects. Prior experience in similar positions will be considered advantageous.
- Strong understanding of cost estimation techniques, budgeting, and financial forecasting.
- Excellent leadership, organizational, and problem-solving skills.
- Strong analytical skills with the ability to interpret complex financial data and make informed decisions.
- Effective communication and interpersonal skills, with the ability to work collaboratively with diverse teams and stakeholders.