Associate Manager – Capital Project Cost & Commercial Management

Job Title: Associate Manager – Capital Project Cost & Commercial Management

Experience: 10–14 Years
Qualification: B.E./B.Tech in Electrical Engineering
Industry: Power & Energy / Utilities / EPC / Transmission & Distribution
Department: Project Management / Project Controls
Employment Type: Full-Time

Job Summary

We are looking for an experienced Associate Manager – Capital Project Cost & Commercial Management to oversee project budgeting, cost estimation, financial forecasting, cost control, and commercial performance for capital projects in the power and utilities sector. The successful candidate will work closely with project management, engineering, procurement, and finance teams to ensure effective CAPEX/OPEX management, accurate cost reporting, and compliance with approved budgets and project governance requirements.

Key Responsibilities

1. Develop and manage CAPEX and OPEX budgets for power generation, transmission, distribution, and infrastructure projects.

2. Prepare detailed project cost estimates, cost baselines, forecasts, and financial projections.

3. Monitor actual project expenditure against approved budgets and identify cost variances.

4. Conduct variance analysis and recommend corrective actions to control cost overruns.

5. Support cost optimization initiatives and evaluate opportunities to improve project financial performance.

6. Coordinate with procurement and commercial teams for bid evaluations, vendor cost comparisons, and cost benchmarking.

7. Review project cost commitments, purchase orders, contractor claims, and change requests in coordination with relevant stakeholders.

8. Prepare monthly cost reports, financial dashboards, forecasts, and management presentations.

9. Support risk assessment by evaluating the financial impact of project risks, delays, and scope changes.

10. Maintain project cost documentation and ensure compliance with internal controls and applicable regulatory requirements.

11. Work with project managers to assess the cost implications of schedule changes, resource requirements, and project variations.

12. Support project audits, cost reviews, and governance processes.

Required Skills

• Strong experience in project cost management, cost estimation, and financial controls for Power Utilities, EPC, or Transmission & Distribution projects.

• Knowledge of CAPEX/OPEX budgeting, cost forecasting, and expenditure monitoring.

• Expertise in cost variance analysis, cost benchmarking, and cost optimization.

• Experience supporting procurement evaluations, commercial reviews, and vendor cost analysis.

• Proficiency in Advanced Excel and project reporting tools.

• Working knowledge of Primavera P6 or Microsoft Project for understanding schedule-related cost impacts.

• Understanding of project risk management, change control, and governance processes.

• Familiarity with CEA, CERC, and State Utility regulatory frameworks.

• Excellent analytical, coordination, reporting, and stakeholder management skills.

Educational Qualifications

• Bachelor's degree in Electrical Engineering (B.E./B.Tech).

• Certification in Project Management, Cost Control, or Risk Management is an added advantage.

Candidate Profile

Candidates should have 10–14 years of relevant experience in capital project cost management, project controls, budgeting, or commercial management within the power, utilities, or EPC industries. The ideal candidate should demonstrate strong financial analysis capabilities, cost-control expertise, and the ability to coordinate with cross-functional teams to achieve project financial objectives.

Important Note: PAN and Date of Birth (DOB) are required for profile creation.