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Costa Navarino

Construction Cost Controller, TEMES SA

Costa Navarino, Frankfort, Kentucky, United States

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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. 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. Qualifications

2+ years of relevant experience in

cost controlling . Bachelor’s degree in Finance, Economics, Accounting, or related field. 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 Ongoing training opportunities Private Medical Plan

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