Project Cost Engineer at NECSA

Key Performance Areas:

Cost Control

• Reviewing the cost estimate and Scheduling and ensure integration with project schedules to identify potential risks of over or under expenditure and action remedial actions timely.
• Provides guidance to project managers and resolves project accounting queries when required.
• Ensures all sponsor obligations are recorded in the accounting system and establishes project accounting setup functions within the accounting system.
• Compiling and review project cost breakdown structures.
• Develop and manage integrated cost plans aligned with the Schedule Management Plan.
• Prepare and maintain monthly cash flow forecasts for all projects.
• Monitor cash flow variances, identify root causes, and recommend corrective actions.
• Ensure project financial documentation and transactions are properly reviewed, approved, and compliant with policies and accounting standards.
• Communicate project financial information to Program, Divisional, and Finance stakeholders.
• Coordinate annual budget forecasts and consolidate project budgets into NECsa’s overall budget.
• Ensure timely completion of financial activities for project close-outs.
• Maintain knowledge of government regulations applicable to project procurement and contracts.
• Identify financial and cost risks and recommend appropriate mitigation actions.
• Implement and manage the cost change management process.
• Review project costs for accuracy and completeness and validate recoveries with internal service providers.
• Invitation to Tender documentation preparation.
• Payment of supplier invoices.
• Review / manage project contracts and ensure the financial constraints are known and adhered to.
• Maintaining an accurate list of statuses of all project related contracts.
• Assisting the projects with Procurement related matters.
• Assisting the Department with invoicing of clients.
• Assisting the department with Timesheet Administration and Management.
• Registration of Projects for the Project Management Department as and when required.
• Asset capitalization implementation.
• Manage Internal Work Orders, including sourcing quotation, discussion of quotation, raising of IWO, regularly reviewing status of work complete and closure of IWO when work is complete
• Purchase order generation and expedition as and when required.

 Administration

• Ensures all monthly project invoices are prepared and provided to Necsa Finance department on a timely basis as and when required.
• Develops project financial reports, burn-rate analysis, cash-flow forecasts, and financial performance metrics to support effective project management.
• Develops integrated cost management systems to control project costs within budget and ensure compliance with audit and regulatory requirements, including PFMA.
• Tracking of sponsor payments and reporting

  Key Knowledge & Skills 

• MS Dynamics will be an advantage.
• MS Office
• PFMA
• Accounting Standards
• Project controls, governance and processes.
• Strong understanding of project management, including costs, dependencies, and critical paths.
• Hands-on project management experience with proficiency in project management and costing tools.
• Financial costing models, systems and principles.

 Competencies

• Adaptability & Change Management
• Priority Management & Flexibility
• Organisation & Administration
• Process Thinking & Problem-Solving
• Respect, Responsibility & Team Contribution
• Analytical Thinking & Attention to Detail
• Technical & Professional Competence
• Initiative & Continuous Improvement
• Creativity & Innovation Support
• Teamwork & Collaboration
• Safety Orientation
• Resilience & Stress Management
• Strategic Partnership Building

Requirements

Qualifications & Experience:

•  BCom Accounting with: Post-Graduate Diploma in Accounting or Post-Graduate Diploma in Costing or Quantity Surveying.
• Certified Cost Professional (CCP or CIMA or CA certification)
• Post graduate qualification in project management will be an advantage.
• Minimum 5 years’ experience in project cost management