What is a Project Controller doing? Job description and responsibilities

What does a Project Controller do?

The Project Controller is responsible for overseeing and managing the financial aspects of projects, ensuring adherence to budgets and timelines. Reporting to the Director of Finance, this role involves analyzing project costs, preparing financial reports, and providing recommendations to optimize project profitability. The Project Controller will collaborate with cross-functional teams to monitor project progress and identify potential risks or opportunities for cost savings.

Responsibilities of Project Controller

• Develop and maintain project budgets, ensuring accuracy and adherence to financial guidelines.
• Monitor project expenses and track variances against budgeted costs.
• Prepare and analyze financial reports, providing insights and recommendations to project managers and stakeholders.
• Collaborate with project teams to establish project schedules and milestones.
• Monitor project progress and identify potential risks or delays, providing proactive solutions to mitigate them.
• Coordinate with procurement teams to ensure timely delivery of project materials and equipment.
• Conduct regular project audits to ensure compliance with company policies and procedures.
• Assist in the preparation of project proposals, including cost estimates and resource allocation.
• Support project managers in the preparation of project status reports and presentations for senior management.
• Provide guidance and support to project teams on financial and administrative processes.