Cost Controller

Full time @Addify posted 1 year ago

Job Description

Scope & Responsibilities of the position

The Cost Controller will be responsible for implementing and maintaining control systems for cost and will work closely with the Operations and Finance teams

And tasks will be as following but not limited to:

  • Establish and implement a cost control system and cost category for each business unit
  • Achieve budgeted objectives by monitoring expenditure, analyzing variances and initiating corrective actions
  • Work closely with the Business units on operational, projects, inventory, equipment and cost related matters
  • Oversee preparation of all reports relating to costing, ensure costs are allocated appropriately to each business unit
  • Participate in the development of business unit standard costs for new and existing products
  • Track actual spending against budgets to provide real-time status
  • Own and drive cost transparency, audit and analysis
  • Monitor project expenditure including verifying invoices and claims from suppliers and subcontractors
  • Perform project costing related reporting to the management on a periodic basis to ensure that the projects are within budget
  • Ensure cost recognition and POC for running projects is complete before closing the books of accounts
  • Analyze financial data and be aware of market trends that could impact resource costs

Qualifications

  • Degree in Accountancy/finance. Professional qualification is preferred.
  • 5-10 years’ experience in a Cost Control role.
  • In-depth knowledge of business operations and how it impacts cost.
  • Sound Knowledge of contracting, POC, Plant & Equipment hiring and trading business.
  • Knowledge of accounting software and MS Office.

Related Jobs