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Construction Cost Controller, TEMES SA
Construction Cost Controller, TEMES SACosta Navarino • Athens, Attica, GR
Construction Cost Controller, TEMES SA

Construction Cost Controller, TEMES SA

Costa Navarino • Athens, Attica, GR
30+ days ago
Job type
  • Quick Apply
Job description

TEMES Group is a leading investor, developer and operator of high-end tourism and real estate destinations in Greece.

The Group owns Costa Navarino, one of the largest tourism investments in the Mediterranean. The destination encompasses five distinct resort areas developed on 1,000 hectares, featuring 5-star hotels, luxury private residences, signature golf courses, and numerous year-round facilities and activities.

The Group owns Ionian Hotel Enterprises S.A., which is transforming the historic former Hilton Athens into a new city destination. Additionally, TEMES is jointly developing two state-of-the-art hotels and branded residences at The Ellinikon project, promoting the ‘Athens Riviera’ as a global tourism destination.

We are seeking a Construction Cost Controller to become a member of our Finance & Accounting team and work closely with our Residential BU team.

The role's purpose is to provide financial control, monitoring, and reporting of construction projects from initiation through completion. The Controller ensures accurate tracking of actual costs vs budget and forecast, validates vendor commitments, monitors cash flow and payment schedules, and supports project managers and finance management in decision-making.

The role reports to the Group Controller and is based in our HQ offices in Athens.

Key Responsibilities :

1. Budgeting & Forecasting

  • Develop and maintain  project budgets  in collaboration with the Project Manager, Procurement, and Finance.
  • Record approved budget revisions and ensure alignment between  SAP PS (Project System) ,  WBS structures , and  forecast models .
  • Track  actual cost vs budget vs forecast  per cost element, vendor, and WBS level.

2. Cost Control & Commitments

  • Monitor  open POs, vendor commitments, and pending invoices ; ensure completeness and accuracy of cost accruals.
  • Analyze  cost overruns or savings  and report variances to project management and CFO.
  • Coordinate with procurement to validate PO status and approval flow (OPEX / CAPEX).
  • Ensure that  commitments are reconciled with contracts, BOQs, and progress certificates .
  • 3. Progress & Performance Reporting

  • Integrate  physical progress data  from engineers / site teams with  financial progress  (earned value analysis, % completion).
  • Support preparation of  monthly project dashboards  showing progress vs time, cost, and cash flow curves.
  • Maintain  control files  and  supporting documentation  for audit trail.
  • 4. Cash Flow Monitoring, Payments & Approvals

  • Prepare and update  cash flow forecasts  by project, considering expected vendor payment terms, retentions, and change orders.
  • Reconcile planned vs actual disbursements, highlighting deviations and upcoming funding needs.
  • Support the Treasury / Finance team with monthly cash flow reports.
  • Verify  vendor payment certificates , ensuring they align with approved progress and contract terms.
  • 5. System & Process Management

  • Maintain project data in  SAP (PS / MM / FI / CO) ,  SAC , and / or  BI  , ensuring data integrity.
  • Develop and automate  standard reporting templates  (Excel, BI, SAC).
  • Propose process improvements for budget control, change order tracking, and reporting automation.
  • Requirements

  • Over 2 years of relevant experience in cost control for construction projects.
  • Bachelor’s degree in Finance, Accounting, or related
  • Master's degree (M.Sc. or MBA) is considered a strong plus
  • SAP  PS / MM / FI / CO  modules (WBS, network activities, commitments, AUC, asset settlement).
  • Advanced  Excel , Knowledge of  BI tools  (SAP Analytics Cloud, Power BI, or Targit BI).
  • Understanding of  project accounting principles  (CAPEX, accruals, commitments, retentions).
  • Familiarity with  construction contracts, BOQ management, and vendor payment certificates .
  • Proficient in English
  • Excellent presentation and communication (both written and oral) skills
  • Can-do attitude and collaborative mindset
  • Critical and analytical thinking
  • Attention to detail
  • Benefits

  • Competitive compensation package
  • On going training opportunities
  • Private Medical Plan
  • Create a job alert for this search

    Construction • Athens, Attica, GR

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