Deputy Manager Cost Estimation

Designation : Deputy Manager

Location : Gurugram

Experience Required : 5-8 Years

Ecucation : Engineering.  MBA will be added advantage

Job Purpose: To drive cost governance, budgeting, forecasting, and financial control across Wind EPC projects. The role will be responsible for developing project cost estimates, monitoring budget adherence, performing variance analysis, maintaining EAC (Estimate at Completion), and providing management insights to enable timely commercial decisions and improve project profitability. This role acts as the financial custodian of Wind EPC projects from project award through commissioning.

Key Responsibilities

Project Costing & Budgeting

•           Prepare detailed project cost estimates and EPC cost models during project planning and award stages.
•           Develop and maintain project budgets at WBS/activity level.
•           Validate cost assumptions, resource norms, productivity factors, and benchmark costs.
•           Support capex optimization and cost reduction initiatives across projects.
•           Coordinate with SCM, Design, Execution, Land, and Finance teams for cost inputs and validation.

Cost Monitoring & Control

•           Track actual project costs against approved budgets.
•           Conduct monthly cost reviews and identify overruns, savings opportunities, and emerging risks.
•           Monitor project-wise and category-wise cost trends including Civil, Electrical, EHV, 33 kV, Crane, Logistics, Land, and Site Administration.
•           Assess commercial impact of schedule delays, scope changes, productivity losses, and commodity price movements.
•           Ensure budget utilization remains within approved limits.

Forecasting & EAC Management

•           Prepare monthly Estimate at Completion (EAC) and cash flow forecasts.
•           Analyze variances between Budget, LE/EAC, and Actuals.
•           Highlight risks and opportunities impacting final project costs.
•           Maintain portfolio-level project cost dashboards and management reports.
•           Drive forecast accuracy and predictability for project leadership.

Commercial Analytics & Governance

•           Develop cost benchmarks and cost-per-MW analytics across projects.
•           Track commodity price trends and evaluate business impact.
•           Support management approvals, NFAs, and budget allocation processes.
•           Evaluate change orders, variation claims, and scope deviation impacts.
•           Establish governance mechanisms for budget control and commercial discipline.

MIS & Management Reporting

•           Generate monthly cost control reports for EPC leadership.
•           Prepare budget reviews, Board/ExCom inputs, and project performance dashboards.
•           Provide actionable insights on project profitability and cost efficiency.
•           Maintain project-level and portfolio-level financial KPIs.

Key KPIs

•           Budget vs Actual variance (%)
•           EAC forecast accuracy
•           Cost overrun reduction
•           Cost/MW improvement
•           Timeliness of monthly reporting
•           Identification and realization of cost optimization initiatives
•           Accuracy of cash flow forecasts
•           Project profitability improvement

Qualifications

•           B.Tech / BE - Any
•           MBA Finance / Operations or PGDM preferred
•           Certification in Project Management, Cost Engineering, or Primavera will be an advantage

6-10 years of experience in EPC, infrastructure, renewable energy, power, oil & gas, or large