Assistant Cost Manager - Data Center (On-site)

An Assistant Cost Manager in construction typically has responsibilities related to controlling, managing, and forecasting costs throughout a construction project. Their role is crucial for ensuring that projects stay within budget while meeting quality and timeline expectations. Here's a breakdown of their job scope: Cost estimation and budgeting. Cost control. Forecasting and report. Procurement and contract management. Risk management. Change management. Cost analysis. Documentation and record keeping. Job responsibilities:- Assist in preparing detailed cost estimates for construction projects. Help develop and monitor project budgets. Ensure that the estimated costs are accurate and realistic based on project requirements. Monitor project expenditures and track costs against the budget. Identify potential cost overruns and recommend corrective actions. Maintain up-to-date records of all project costs, including materials, labor, and subcontractor fees. Prepare regular financial reports on the status of the project. Provide forecasts for upcoming costs and financial performance. Assist in adjusting the budget if necessary based on evolving project conditions. Assist in evaluating bids from subcontractors and suppliers. Review contracts and identify any cost-related issues. Ensure that procurement procedures are followed according to the project requirements. Assist in identifying financial risks and propose strategies to mitigate them. Help assess the impact of any changes or delays on the overall cost of the project. Track and analyze any changes to the original scope of work that might impact costs. Assist in processing change orders and ensuring that they are reflected accurately in the budget. Perform cost analysis to identify areas for cost savings without compromising quality. Review the cost implications of design changes and suggest alternatives. Work closely with project managers, engineers, architects, and other stakeholders to ensure cost alignment. Communicate effectively with senior cost managers and financial teams. Maintain detailed records of financial transactions, including receipts, invoices, and contracts. Ensure all documentation is in compliance with company standards and legal requirements. Requirements: Bachelor's Degree in Construction Management, Quantity Surveying, Civil Engineering, Project Management or related field. Minimum 5 years of experience work in construction industry. Required strong attention to detail, good knowledge of construction process, and the ability to work with different teams to keep costs in check. Certifications: RICS Accreditation (Royal Institution of Chartered Surveyors) for Quantity Surveyors or Cost Managers, AACE (Association for the Advancement of Cost Engineering) certifications, such as the Certified Cost Professional (CCP), Project Management Professional (PMP) or PRINCE2 Certification (helpful for those who want to gain broader project management experience) / Construction Cost Management Courses/Certificates are useful for building expertise and showing commitment to professional development. Cost Estimation: Understanding of how to estimate costs for materials, labor, and equipment for construction projects. Budgeting & Financial Management: Ability to assist in creating and managing budgets, track expenses, and ensure financial control. Knowledge of Construction Processes: Familiarity with the different stages of construction, project timelines, and procurement; MS Excel (advanced skills are important), CostX, Procore and Sage 300 Construction & Real Estate (or similar) Excellent internal communication & management skills. Solid knowledge of Health and Safety Standard. Working Hour Monday to Friday 8.30am to 6pm What are the Perks working at PMX Malaysia? Competitive Salary and Monthly Allowance Medical and Insurance Benefits Learning and Development Opportunities Exciting Recreational & Employee Engagement