Estimation head / Head of Budget

INTRODUCTION

Budget head engineer will be responsible for managing the budget and financial planning of all construction and development projects. This role involves working closely with project managers, engineers, and finance teams to ensure projects are completed with budget and financial objectives are met.

Proficient in budgeting tools, ERP (Highrise Kanixx) system, and project management software

Key Responsibilities :

• Lead the development of comprehensive project budgets, including high-level cost estimation, forecasting, and financial planning for all ongoing and upcoming projects
• Review and approve budget proposals from project teams, ensuring alignment with organizational goals and financial strategies
• Prepare and oversee the master schedule, and ensure accurate establishment and tracking of project baselines
• Monitor financial progress of projects, including tracking of expenditures, variance analysis, and performance against budgets
• Implement systems for real-time budget monitoring, controls, and exception reporting to ensure proactive cost management
• Analyse and optimize BOQs across projects to ensure cost efficiency and consistency
• Oversee the preparation and submission of detailed MIS, PRM, and other financial performance reports for senior management
• Identify potential risks, conduct thorough financial risk assessments, and implement controls to mitigate budgetary risks
• Ensure full compliance with financial regulations, audit standards, and internal policies across all budgeting activities
• Collaborate closely with project managers, engineering heads, purchase, and site teams for seamless financial coordination
• Approve major purchase orders, invoices, contracts, and other financial documents in line with budgetary approvals
• Guide and mentor the budget and planning team, including junior staff, by setting performance benchmarks and conducting regular trainings
• Develop and drive budgeting frameworks, tools, and best practices to improve accuracy, accountability, and cost control
• Act as a strategic partner in cross-functional project planning, offering insights and financial leadership during project reviews
• Contribute to organizational strategy by providing data-backed recommendations on cost reduction and resource optimization

Desired Candidate Profile :