Costing & Budgeting - MEP, HO

Larsen & Toubro· Cost Management
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📍 Mumbai, Maharashtra, IndiaFULL TIME
CostingMEP

About this role

SECTION I: ROLE SUMMARY (Purpose of the Role)

The Team Member – Cost Management (Pan Organization) supports budgeting, cost tracking and variance analysis across multiple projects and business units. The role ensures consistency in cost control practices and provides timely cost data to support management decisions across the organization.

SECTION II: KEY RESPONSIBILITIES/ ACCOUNTABILITIES

Financial / Functional perspective

? Support achievement of cost and margin targets across projects 
? Track project budgets and actual costs 
? Identify cost overruns and saving opportunities 
? Support financial discipline across the organization

Customer Perspective

? Provide accurate cost data to project and business teams 
? Support management with reliable cost reports 
? Partner with project teams to meet cost objectives 
? Enhance stakeholder confidence through transparent cost information

Internal Process Perspective

? Assist in preparation of budgets and cost estimates 
? Track actual costs and prepare variance analysis 
? Support BOQ reviews and contract cost monitoring 
? Maintain cost control systems and databases 
? Prepare MIS reports for management review 
? Ensure adherence to cost control processes and policies

Learning & Growth / Developmental Perspective

? Build expertise in cost management and project controls 
? Learn advanced cost analysis and forecasting techniques 
? Develop skills in ERP and project control tools 
? Participate in process improvement initiatives

SECTION III: KNOWLEDGE & EXPERIENCE

KNOWLEDGE

Minimum Qualifications

  • B.E. Civil / Quantity Surveying / MBA (Finance) / CA-Inter / CMA-Inter

Language Skills

  • English 
  • National (Preferred)
  • Regional (Desirable)

EXPERIENCE

Years of Experience


Nature of 

Experience

  • Experience in budgeting, cost tracking, variance analysis, BOQ review and MIS reporting in real estate or infrastructure projects.

SECTION IV: TECHNICAL & LEADERSHIP / BEHAVIORAL SKILLS REQUIRED TO EXECUTE THE ROLE

SKILLS

Technical Skills 
(if available)

  • Ability to apply knowledge of forecasting to plan, allocate, and monitor financial resources in engineering design (if applicable) and executionof  projects, ensuring adherence to the allocated budget while achieving project goals and timelines
  • Ability to systematically compare, verify, and align records, data sets, or transactions (material usage / incoming material checks as per specified codes / material stock and consumption / supplier invoices / contractor bills / customer invoices / advances and deposits etc. as applicable) across different systems or sources to identify discrepancies, resolve errors, and ensure data integrity and consistency for accurate reporting and compliance with standards
  • Ability to understand project/package requirements and accurately determine/ forecast the anticipated costs by evaluating materials, manpower, equipment, vendor and overhead expenses keeping in view market realities and historical data from past project deployments to prepare a detailed estimate plan (or ACE plan, as applicable) that informs budgeting and financial planning
  • Ability to apply knowledge of existing performance criteria (cost, timelines, quality, past records etc.) and market pricing to evaluate and determine the most accurate and cost-effective rates for resources (manpower, materials, equipment, etc.) and services acquired through vendors, ensuring the chosen rates align with the budget and goals
  • Ability to apply knowledge of basic principles of forecasting, cost estimation and budget management to conduct variance analysis, analyzing deviations in materials, labor, and overhead expenses, enabling corrective actions, optimizing costs and improving financial control over projects


Frequently Asked Questions

Is the salary disclosed for the Costing & Budgeting - MEP, HO position at Larsen & Toubro?
The salary for this Costing & Budgeting - MEP, HO role at Larsen & Toubro is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Costing & Budgeting - MEP, HO position at Larsen & Toubro located?
This Costing & Budgeting - MEP, HO role at Larsen & Toubro is based in Mumbai, Maharashtra, India. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Costing & Budgeting - MEP, HO role at Larsen & Toubro full-time or part-time?
This is listed as a FULL TIME position. It is posted as a Costing & Budgeting - MEP, HO role in the Cost Management department at Larsen & Toubro.
Which team or department does the Costing & Budgeting - MEP, HO at Larsen & Toubro belong to?
This Costing & Budgeting - MEP, HO position is part of the Cost Management department at Larsen & Toubro. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Costing & Budgeting - MEP, HO position at Larsen & Toubro?
Click the "Apply Now" button on this page. You will be redirected to Larsen & Toubro's official application portal hosted on peoplestrong where you can submit your application directly.
When was the Costing & Budgeting - MEP, HO job at Larsen & Toubro posted?
This Costing & Budgeting - MEP, HO position at Larsen & Toubro was posted on Aug 7, 2026. Apply as soon as possible — early applications are often reviewed first.
Costing & Budgeting - MEP, HO
Larsen & Toubro
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