Finance Cost Controller 12F25

As a Finance Cost Controller with the designation 12F25, you will play a pivotal role in ensuring the financial health of our organization by managing expenditure and streamlining our cost-related processes. You will be responsible for tracking and analyzing costs related to production, operations, and other business functions, providing actionable insights to enhance efficiency and profitability. Your expertise in cost controlling will aid in budgeting and forecasting, ensuring that we achieve our financial targets. This role requires a keen eye for detail, strategic problem-solving skills, and the ability to work collaboratively across various departments. You will report directly to the Finance Manager and work closely with department heads to identify cost-saving opportunities and implement them effectively.

Responsibilities

• Monitor and analyze cost expenditures to ensure adherence to budgetary guidelines.
• Develop and implement cost control systems to improve financial efficiency.
• Prepare detailed reports on cost analysis for management review and decision-making.
• Collaborate with project managers to forecast project budgets and cash flow needs.
• Identify areas of cost reduction and implement measures to achieve savings targets.
• Review and approve all purchase requests and orders for cost-impact assessment.
• Maintain and update records of all cost-related financial transactions regularly.
• Provide financial guidance and support to departments to facilitate cost control measures.
• Conduct regular audits to ensure compliance with financial policies and procedures.
• Coordinate with external auditors and provide necessary documentation for verification.
• Assist in the preparation and monitoring of the annual and quarterly budgets.
• Report any significant cost variances to senior management with recommended actions.

Requirements

• Bachelor’s degree in Finance, Accounting, or related field is required.
• Proven experience as a Cost Controller or similar financial role is essential.
• Strong analytical skills with a focus on detail-oriented financial analysis.
• Proficiency in financial software tools and Microsoft Excel is mandatory.
• Excellent communication skills to liaise effectively with various departments.
• Ability to work under pressure and meet stringent deadlines consistently.
• Familiarity with financial regulations and compliance standards is advantageous.