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Project Cost Controller
Job in
City of Edinburgh, Edinburgh, City of Edinburgh Area, EH1, Scotland, UK
Listed on 2026-03-06
Listing for:
Prism Connect
Full Time
position Listed on 2026-03-06
Job specializations:
-
Finance & Banking
Financial Analyst
Job Description & How to Apply Below
The Project Cost Controller is responsible for monitoring, controlling, and reporting project and operational costs to ensure financial performance aligns with approved budgets and forecasts. The role supports project teams by providing accurate cost tracking, analysis, and reporting, helping to identify risks, trends, and opportunities for cost optimisation.
Working closely with operations, and commercial teams, the Cost Controller plays a key role in maintaining cost discipline from project mobilisation through to close-out.
Key Responsibilities- Monitor and control project and operational costs against budgets and forecasts
- Maintain accurate cost records, including commitments, actuals, and accruals
- Track variations, changes, and trends impacting project cost performance
- Assist in the preparation of cost forecasts, cash flow reports, and monthly financial updates
- Produce regular cost reports for internal stakeholders and management
- Highlight cost risks and opportunities, providing clear commentary and recommendations
- Ensure timely and accurate month-end cost close-out
- Work closely with operations, and project teams to understand scope, changes, and cost drivers
- Support tender handover and budget setup following contract award
- Assist with evaluation and tracking of subcontractor and supplier costs
- Support change control processes, including change registers and cost impact assessments
- Maintain cost control systems and project cost trackers
- Ensure cost data is accurate, auditable, and compliant with company procedures
- Support internal and external audits as required
- Contribute to continuous improvement of cost control processes and reporting tools
- Experience in a cost control, commercial, or project controls role
- Experience in construction, engineering, utilities, infrastructure, or similar sectors
- Knowledge of cost value reconciliation (CVR) processes
- Experience supporting multiple projects or operational work streams
- Strong understanding of cost tracking, forecasting, and reporting practices
- Excellent analytical and numerical skills with strong attention to detail
- Proficiency in Microsoft Excel; experience with cost management systems is an advantage
- Ability to work collaboratively with project, operations, and commercial teams
- Ability to work independently and within a team in a fast-paced, deadline-driven environment
- Excellent verbal and written communication skills for stakeholder engagement.
- Proactive and self-motivated with a strong work ethic.
- Attention to detail with a strong focus on accuracy and compliance.
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