Lead Cost Control Engineer

Reposted 23 Days Ago
Be an Early Applicant
Noida, Gautam Buddha Nagar, Uttar Pradesh, IND
In-Office
Senior level
Energy • Manufacturing • Solar • Renewable Energy
GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy.
The Role
Responsible for project cost management, including budgeting, forecasting, risk management, and communication with stakeholders. Ensures adherence to financial standards and reporting.
Summary Generated by Built In
Job Description SummaryAs related customer equipment, faciliaties or infrastructure projects: responsible for project delivery, profit & loss accountability, and customer satisfaction through management of project related activities and resources. Responsible for departmental operations planning/execution or is focused on execution of professional activities within a technical discipline. Functions with some autonomy but guided by established policies or review of end results.
The job allows modification of procedures and practices covering work as long as the end results meet standards of acceptability (quality, volume, timeliness etc.).

Job Description

Lead Project Cost Controller

Responsibilities and Accountabilities

  • Maintains project cost to complete budgets in alignment with as sold position and in coordination with budget holders, consistently with actual progress and trend
  • Supports forecast estimation and verifies the accuracy of the actual to date cost (material, labor, manufactured costs, suppliers’ invoices, timesheets, travel expenses.). Drive and challenge budget at completion, with analysis through various means (earned value, productivity, cost ratio, market trends…). Validates accuracy of estimates
  • Develop mitigations / catch up plans in alignment with functional leaders and Project Manager
  • Aligns with project team and time schedule to ensure forecasted cost risks are accurately captured and costs time phased.
  • Checks and controls cost movements, compares with current scope and progress as well as with previous forecast. 
  • Communicates cost status / forecasts /risk to budget holders and drives / supports risk mitigation and cost out.
  • Presents all financial data in a transparent way, attends project and management review to present cost status, budget deviations and root causes.
  • Aligns with Finance Controller to ensure reconciliation takes place between approved project financial data and books.
  • Aligns with planner to ensure costs and schedule are aligned, providing time phased cost forecasts for sales pacing.
  • Reports on cost movement root causes impacting sales targets.
  • Support disputes and analysis of claims

Qualifications & Experience

Educational/Experience Requirements

  • Degree qualified either in engineering (with financial awareness), or in finance (with good understanding of scope content on HV substations).
  • Minimum 5+ years experience of cost controls / project controls / project management on large & complex or turnkey infrastructure projects.
  • Experience in risk management processes and tools.
  • Knowledge of ERP systems is an asset (SAP preferred).
  • Experience managing small teams within a large project is an asset.
  • Project planning experience / good P6 planning software understanding is an asset.

Additional Information

Relocation Assistance Provided: Yes

Skills Required

  • Degree in engineering or finance
  • 5+ years experience in cost controls/project controls
  • Experience in risk management processes
  • Knowledge of ERP systems (SAP preferred)
  • Experience managing small teams
  • Project planning experience, good understanding of P6

GE Vernova Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about GE Vernova and has not been reviewed or approved by GE Vernova.

  • Retirement Support The 401(k) plan includes company matching contributions and additional company retirement contributions, with access to Fidelity resources and financial planning consultants. Feedback suggests this structure supports long-term savings beyond a basic match.
  • Parental & Family Support Paid parental leave is available with flexible, continuous or non-continuous usage, and is complemented by adoption resources and Work/Life Connections guidance. Maternity leave is described as extended relative to typical workplace norms.
  • Leave & Time Off Breadth Time-off programs include 12 paid holidays, permissive time off for many salaried roles, and dedicated personal, illness, and caregiving time for U.S. new hires. Some hourly roles start with a defined PTO bank, while other roles may offer unlimited time off.

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The Company
HQ: Cambridge, MA
75,000 Employees
Year Founded: 2024

What We Do

GE Vernova is a planned purpose-built company on a mission to electrify the planet while simultaneously working to decarbonize it. If we want our energy future to be different…we must be different. Our mission is embedded in our name. We retain our treasured legacy, “GE,” in our name as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy that GE Vernova will help deliver. GE Vernova brings together GE’s portfolio of energy businesses including Power, Wind, Electrification and Digital businesses. With focus, GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life. Together, we have The Energy to Change the World.

Why Work With Us

Join our team, to evolve and grow, surrounded by some of the brightest minds in the industry who help you get better every day. You’ll get the chance to rewrite the rules, work on cutting-edge technology, and be part of a global team for positive change.

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