IKEA Hiring for Project Controller – Ingka Centres at Gurgaon Full Time

To generate revenue and growth of new and current Meeting Places while also collaborating with IKEA Retail, the Ingka Group, and external contractors with the goal of delivering the needs of customers and local communities within the locations they operate.

Ensures the design of the project meets the conceptual and commercial aspirations. Ensures code and regulation requirements are met. Monitors quality assurance and control through full coordination of all disciplines in the project.

Project Controller is responsible for the overall investment and cost management structure of a project or projects, supporting the Project Development Manager or Project Development Leader to keep control of the project costs and have the overall picture of the project’s financial situation.

You should have an excellent expertise on:

• Master/bachelor’s degree in economics/Finance/ Accounting
• Minimum 10 -15 years of experience in Cost Management/ Control competence.
• Experience in Construction Projects, mostly Commercial Real Estate rather than industrial or other types of investments
• Extensive financial acumen including Cash flow, financial planning, procurement, Coordination, and claims management.
• Candidate must have Quantity Surveyor background
• Membership of QS related institutes, e.g., MRICS (member of the Royal Institution of Chartered Surveyors, UK) is a plus
• Budget management – Knowledge of how to plan, organize and manage costs and expenditures for a business or organization.
• Cost Control-Knowledge of how to implement a budget starting from the Land IR, till the final cost estimate and later the CFU (Cost Follow Up); included the knowledge of appropriate tools, Cost Groups, cost benchmarking and how to recognize and prevent any deviation.
• Construction Market-Knowledge of the procurement procedures regarding construction activities within a project, including the knowledge of the local construction market.
• Procurement – Knowledge of the process of finding, agreeing on terms and acquiring goods, services or works from an external source by comparing offers and creating a competitive bidding process.
• Claims management – Knowledge of claims for compensation, restitution and repayment or any other remedy for loss or damage – or in regards for some other obligation.
• Financial management-Knowledge of how to plan, measure financial records in compliance with internal and external regulations and ensuring value for money in reaching business objectives and long-term profitable growth.

A DAY IN YOUR LIFE WITH US

Ingka Centers is in the middle of an exciting journey, where we create and develop Meeting Places, into something way beyond an ordinary shopping Centre. As a Project Controller, we give you the opportunity to be a part of a journey where we are taking an important step forward in development to create innovative solutions for the meeting place of tomorrow.

Moreover, you will be responsible for:

• Be the link in the project between Ingka Centres domains (Design, Leasing Business Navigation), Real Estate/Construction and other key stakeholders regarding cost management and project investment.
• Support Project Business Navigation in performing investment modeling and investment analysis, including performing Investment Request preparation & follow up.
• Perform cash in/out flow modelling in the project (e.g., manage cash flow to ensure project runs according to budget, coordinate with Finance division on Financial Statements / cash flow forecasts / Interim payments for vendors).
• Consolidate all financial information needed for investment analysis and KPIs calculation in the feasibility model (e.g., carry out cost analyses for feasibility studies, perform cost control measures such as value engineering).
• Perform project scenario planning, sensitivity analysis and risk and opportunity evaluation (both sides, how income will influence cost and backwards).
• Manage the Cost Follow Up (CFU) analysis, forecasting and reporting (including potential change orders forecast), and conduct cost analysis for the entire investment across all Cost Groups,
• Conduct Budget overview meetings with purpose of analyzing where the budget is likely to be exceeded, discuss with project team and suggest savings.
• Oversee and control the end-to-end procurement/tendering process within the project
• Coordinate the change orders/claims management process to support project delivery, including assessment and reports on change orders, advise on vendors’ claims and dispute resolution.
• Discuss with the design team on choice of materials, forms of construction, etc., in order to carry out cost estimate, cross check with ICC projects and establish project budgets
• Carry out cost analyses for feasibility studies, perform cost control measures such as value engineering.
• Prepare and finalize the Final Accounts, establish Cost Data for future developments as well as compile and document cost control related project files, including ICC forms, etc.

TOGETHER AS A TEAM

We’ve embarked on an exciting journey to transform our shopping centers into destinations always anchored by IKEA, and that go way beyond shopping, offering a carefully selected series of activities, events and initiatives tailored to the needs of the communities that surround them.
That’s what we call “meeting places”.

Project Controller is responsible for the overall investment and cost management structure of a project or projects, supporting the Project Development Manager or Project Development Leader to keep control of the project costs and have the overall picture of the project’s financial situation

QUESTIONS AND SUPPORT? LET’S CONNECT!

If you have any questions regarding this position and recruitment process, you are welcome to reach out to recruiter suraj.chowrasia@ingka.com

We encourage you to apply as soon as possible, though no later than 06th of October. We’re reviewing applications continuously and might close the ad before the closing date if we find the right candidate.

Please submit your application online, by clicking on the “apply” button. We are not able to handle any applications made by e-mail. Warmly welcome with your application!