Cost Controller (225-724)

The Cost Controller plays a critical role in the financial management of an organization by ensuring effective cost management and optimization. This position is responsible for monitoring, analyzing, and reporting on project and operational costs, ensuring that financial expenditures align with budgetary expectations. The Cost Controller collaborates with project managers, finance teams, and department heads to develop cost reports and forecasts, identify cost inefficiencies, and recommend corrective actions. A successful Cost Controller demonstrates strong analytical skills, attention to detail, and excellent communication skills, which are vital for providing insights and guidance to the organization regarding budgeting and cost-saving opportunities. This role is essential for supporting strategic decision-making and improving the overall financial performance of the company.

Responsibilities

• Monitor and track financial expenditures to ensure alignment with approved budgets.
• Analyze cost variance reports and provide detailed explanations to stakeholders.
• Collaborate with project managers to update and adjust project budgets as needed.
• Develop and maintain accurate cost reports for senior management review.
• Identify and analyze cost inefficiencies and recommend corrective actions.
• Participate in budget preparation and forecasting to support financial planning.
• Ensure compliance with financial policies, procedures, and internal controls.
• Conduct regular cost audits to ensure accuracy and completeness of financial data.
• Communicate effectively with finance and operations teams to align on cost objectives.
• Assist in developing and implementing cost-saving initiatives across departments.
• Provide insightful financial analysis to support strategic decision-making processes.
• Supervise cost control documentation processes and ensure data integrity.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related field is required.
• Proven experience as a Cost Controller or in a similar financial role.
• Strong analytical skills and attention to detail for accurate cost analysis.
• Proficiency in financial analysis software and advanced Excel capabilities.
• Excellent communication skills to convey financial insights effectively.
• Ability to work under pressure and meet strict deadlines consistently.
• Sound knowledge of financial regulations and compliance procedures.
• Experience with project management and budget monitoring is advantageous.