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Larsen & Toubro · India\>Maharashtra\>Mumbai

# DGM - Costing & Budgeting (MEP)

India\>Maharashtra\>Mumbai Executive & Management 

Listed on Larsen & Toubro’s official careers site. Posted October 19, 2026. Check that it is still open and apply there.
[Apply on Larsen & Toubro’s careers site →](https://larsentoubrocareers.peoplestrong.com/job/detail/LNT_D-C-B_1900062)

[OpenNash Jobs](https://jobs.opennash.com/) / [Larsen & Toubro](https://jobs.opennash.com/companies/larsen-toubro/) / DGM - Costing & Budgeting (MEP)

## Job description

### 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

## Qualifications

Bachelor of Technology (BTech)

## At a glance
- Posted by the employer: Oct 19, 2026
- First seen by OpenNash: Oct 26, 2026
- Last checked: Nov 9, 2026
- Listed for: 21 days
- Location: India\>Maharashtra\>Mumbai[Apply on Larsen & Toubro’s careers site →](https://larsentoubrocareers.peoplestrong.com/job/detail/LNT_D-C-B_1900062)

## Hiring at Larsen & Toubro
- Open jobs: 3,291
- New in the last 7 days: After two weekly collections
- Tracked since: Oct 12, 2026

[All Larsen & Toubro jobs](https://jobs.opennash.com/companies/larsen-toubro/) · [Weekly hiring report](/reports/hiring/)

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