Cost Controller

Cost Controllers play a vital role in monitoring and managing the financial health of organizations. They are responsible for tracking and analyzing costs associated with projects, ensuring that expenses are within the allocated budget, and making recommendations for cost-efficiency improvements. In this role, the Cost Controller develops and implements effective cost management strategies to achieve financial goals and objectives. This involves reviewing financial documents, identifying discrepancies, and preparing detailed financial reports. Cost Controllers collaborate with project managers, finance teams, and other stakeholders to provide insight into cost performance and to suggest enhancements. They must be adept at using financial software and tools for analysis and report generation. Strong analytical skills, attention to detail, and the ability to communicate complex financial information effectively are crucial for success in this position.

Responsibilities

• Monitor and track project costs to ensure adherence to the budget plan.
• Analyze financial records to identify cost reduction opportunities.
• Prepare and present detailed budget reports for management review.
• Collaborate with project managers to develop accurate cost forecasts.
• Review project budgets and recommend adjustments as necessary.
• Ensure compliance with corporate policies and accounting regulations.
• Identify areas for cost savings and implement appropriate measures.
• Conduct financial audits to verify proper cost allocation and control.
• Maintain accurate records of all financial transactions and expenses.
• Support financial decision-making with detailed cost analysis reports.
• Evaluate risk factors affecting cost estimates and propose solutions.
• Create and update financial models for strategic planning purposes.

Requirements

• Bachelor’s degree in Finance, Accounting, or related business field.
• Proven experience as a Cost Controller or in a similar role.
• Advanced skills in financial software, such as SAP or Oracle Financials.
• Excellent analytical and numerical skills with attention to detail.
• Strong understanding of cost control principles and procedures.
• Ability to communicate financial information clearly to non-finance professionals.
• Demonstrated problem-solving skills in a fast-paced work environment.