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Title

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Project Cost Analyst

Description

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We are looking for an experienced and motivated Project Cost Analyst to join our team. The ideal candidate will be responsible for planning, analyzing, and controlling costs associated with projects, ensuring budgets are adhered to and resources are allocated efficiently. The Project Cost Analyst will work closely with project managers, finance teams, and other stakeholders to monitor expenses, forecast cost variations, and propose solutions to optimize resources. Strong ability to interpret complex financial data, prepare detailed reports, and support strategic cost-related decisions is essential. The role requires high attention to detail, advanced analytical skills, and proficiency with cost management tools and related software. If you are passionate about financial management and want to contribute to project success through rigorous cost control, this position is perfect for you.

Responsibilities

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  • Analyze and monitor project costs throughout all development phases.
  • Collaborate with project managers to define realistic and sustainable budgets.
  • Prepare detailed financial reports for management and stakeholders.
  • Identify and report any deviations from the planned budget.
  • Support financial planning and forecasting of future costs.
  • Evaluate the effectiveness of adopted cost control strategies.
  • Manage and update cost monitoring systems.
  • Provide advice on potential savings and optimizations.
  • Ensure compliance with company policies and current regulations.
  • Participate in project meetings to provide cost updates.

Requirements

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  • Degree in Economics, Management Engineering, or related fields.
  • Proven experience in project cost control and analysis.
  • Excellent knowledge of financial management software and spreadsheets.
  • Advanced analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Precision and attention to detail.
  • Ability to work in teams and under pressure.
  • Knowledge of applicable tax and accounting regulations.
  • Good command of the English language.
  • Willingness to travel occasionally.

Potential interview questions

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  • What tools do you use to monitor project costs?
  • How do you manage budget variations during a project?
  • Describe an experience where you identified significant savings.
  • How do you communicate cost issues to project managers?
  • What methods do you use to forecast future costs?
  • How do you ensure compliance with financial regulations?
  • Do you have experience with ERP software? Which ones?
  • How do you manage priorities under pressure?
  • Tell us about a complex project you followed.
  • How do you stay updated on cost control developments?