VP – Budgeting & Costing (Band Level 1)

Job Description Roles & Responsibilities Lead the annual budgeting process across all projects (plotted land and vertical construction) and corporate functions. Prepare detailed project-wise budgets covering land acquisition, construction, approvals, sales & marketing, and overheads. Develop long-term financial plans and cost forecasts aligned with the organisation's expansion strategy. Monitor budget vs. actuals, highlight variances with root-cause analysis, and recommend corrective actions. Prepare comprehensive project cost estimates at both pre-acquisition and execution stages, spanning plotted and vertical developments. Assess cost feasibility of new land acquisitions and development projects, including detailed IRR and profitability modelling. Benchmark construction costs (per sq. ft.) across project types, typologies, and geographies to maintain competitive cost positioning. Collaborate closely with design, procurement, and project execution teams to ensure costing accuracy and completeness. Build and maintain a detailed cost database for RCC, finishing, infrastructure, external development charges, and statutory approvals. Prepare and own monthly MIS reports for leadership review, covering project-wise financial performance. Present variance analysis, financial insights, and cost performance dashboards to the CPO and senior leadership. Support the leadership team with data-driven inputs for strategic decision-making, project go/no-go calls, and pricing decisions. Establish and enforce cost control mechanisms, governance frameworks, and approval processes across all active projects. Track project expenditure against budget, proactively flag overruns, and drive corrective action in coordination with project teams. Review contractor billings, BOQs, and rate analyses to ensure alignment with sanctioned budgets and market benchmarks. Champion value engineering initiatives across design and construction phases to optimise project costs without compromising quality. Ensure financial discipline and adherence to internal controls, approval hierarchies, and audit requirements. Identify financial risks across projects including cost escalation, scope changes, and market-rate volatility and propose mitigation strategies. Support internal and external audit processes, providing accurate cost data and documentation. Desired Candidate Profile NICMAR or equivalent postgraduate qualification preferred. MBA or equivalent business qualification is advantageous. 18+ years of progressive experience in costing, budgeting, and financial planning within real estate, PMC, or construction consulting. Strong track record in preparing pre-acquisition feasibility studies and execution-stage project budgets for large-scale developments. Preferred background: Developer, PMC, or construction consulting organisations. Strong financial modelling and analytical skills with proficiency in MS Excel and SAP. Deep understanding of real estate costing components — RCC structure, finishing, MEP, infrastructure, statutory approvals. Expertise in BOQ preparation, rate analysis, and contract cost management. Working knowledge of IRR modelling, project feasibility, and variance analysis frameworks. Strategic thinking with strong business acumen and commercial orientation. Leadership presence with the ability to influence cross-functional teams. High accuracy, attention to detail, and ability to operate under fast-paced, high-pressure conditions. Excellent stakeholder management across internal and external interfaces. Employment Type Full Time Company Industry Real Estate Department / Functional Area Engineering Keywords BudgetingFinancial PlanningProject CostingPreacquisition FeasibilityCost ControlMIS ReportingVariance AnalysisFinancial ModellingMS ExcelSAPRCC StructureMEPInfrastructureStatutory ApprovalsBOQ PreparationRate Analysis Get real-time job updates only on our App