Karthik Umesh Rao
Doha
Summary
Highly professional Cost Controller with over 10 years of experience in analyzing costs and managing project expenditures. Skilled in cost reconciliations, streamlining costs, cost reports, cost control procedures, and all commercial-related works in high-rise commercial, residential, Military Air base, buildings and infrastructure projects. Demonstrated expertise in managing the full lifecycle of projects, utilizing strong analytical and problem-solving skills. Excellent communication and collaboration abilities enhance ability to deliver successful outcomes.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Cost Controller
ACT Group – Bahadir & ICM Spa
11.2020 - Current
- Prepare Detailed monthly cost report for the monitoring of the work done on a daily basis
- Prepare detailed monthly cost reports to monitor project expenditures, ensuring real-time tracking of costs against budgets and forecasts
- Establish and maintain a comprehensive liability and back-charge register for all subcontractors and vendors, ensuring accurate financial accountability
- Monitor and update monthly stock reports, tracking material usage and availability to optimize procurement planning
- Oversee labour payroll processing, ensuring accurate computation
- Prepare and maintain a hire & owned equipment register, tracking equipment utilization, rental costs, and ownership expenses
- Responsible for controlling and monitoring total project expenditures, verifying and validating invoices, claims, and payments to suppliers, vendors, and subcontractors
- Ensure all project expenditures are accurately captured and properly recorded in alignment with budgetary allocations
- Generate cost accrual reports, forecasts, and budget tracking for individual subcontracts to provide real-time financial insights
- Prepare detailed prolongation cost analysis for Extension of Time (EOT) claims, substantiating claims with accurate financial data
- Monitor and update the status of Interim Payment Certificates (IPCs) and subcontractor liabilities to ensure timely payments and financial compliance
- Evaluate actual costs incurred, comparing them with the Budget or Pre-Start Estimate (PSE) provisions, and analyze revenue trends
- Review financial cost statements, Profit & Loss (P&L) statements, supplier invoices, and monthly/annual financial reports to ensure financial accuracy
- Reconcile project cost reports with head office financial statements, ensuring alignment between site and corporate financial records
- Proactively identify cost-saving opportunities, minimizing project expenses while maintaining quality and compliance with contract requirements
- Implement value engineering strategies to enhance cost efficiency and maximize project profitability
- Coordinate with engineering, procurement, and legal teams to align cost control measures with project objectives
Cost Controller
Shapoorji Pallonji Qatar W.L.
04.2018 - 10.2020
- Responsible for all cost related supervision for QAR 1.851 Billion Abraj Quartier AQ 3&4, AQ5&6 project in Pearl Qatar
- Ensuring appropriate procedure for cost reporting
- Maintaining confidential records and documentation in accurate manner
- Prepare Monthly cost movement report for the projects
- Cost allocation of projects' expenditure to ensure all costs are controlled against project budget
- Prepare, review & submission of Monthly Cost Report to Management
- Reviewing & analysis of issued LPO's & FPO's to control the orders in terms of quantities and unit prices
- Identifying sources of variance and reporting the cause if due to unit price difference or quantities over run
- Assisting QS department in preparation of Quantity, Budget & other reports
- Responsible for attending monthly cost analysis meetings
- Complying Statutory and Internal auditors' requirements
- Assisting Project QS team in preparation of Client bill pertaining to cost plus projects
- Monthly closing with accrual
Cost Supervisor
SHAPOORJI PALLONJI & CO PVT LTD
07.2014 - 04.2018
- Monitoring project total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded
- Preparing monthly productivity report for monitoring against planning schedule
- Reconciliation of various supplementary reports (Labour, Material, Plant and Subcontracts)
- Closing monthly accrual for each subcontractor
- Follow up with Debtors for payment collection, meeting clients, assisting project team in claims
- Coordinate with site quantity surveyors to generate DPR (Daily Progress Report)
- Assisting Project QS team in preparation and certification of subcontract billings
- Coordinating with stores and other departments for preparing complete data
Education
Bachelor's - B.com, commerce
Skills
- Cost Management
- Cost analysis
- Cost Reconciliations
- Practical experience in ERP
- SAP
- QUADRA
- Variations & Claims
- Procurement
- Subcontractor Billing
Accomplishments
- Introduced accounting procedures and stronger financial controls to improve financial reporting [Number]%.
Languages
Hindi
Kannada
Tamil
Q Id
29335624829, 04/20/25
Driving License Validity
09/19/26
Personal Information
Passport Number: M3910964
Affiliations
- cccp
Additional Information
drrr
Certification
- CFPO - Certified Public Finance Officer
Software
Autocad
Education
Bachelor's in B.com
commerce
Interests
tttt
Timeline
Cost Controller
ACT Group – Bahadir & ICM Spa
11.2020 - Current
Cost Controller
Shapoorji Pallonji Qatar W.L.
04.2018 - 10.2020
Cost Supervisor
SHAPOORJI PALLONJI & CO PVT LTD
07.2014 - 04.2018
Bachelor's - B.com, commerce
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