Job Description
Job Purpose
- The cost controller is responsible for controlling costs including Capital expenses, operating and project cost. This includes planning, developing, controlling, and forecasting costs.
- The cost controller works collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability and.
- The successful candidate must demonstrate an aptitude for efficiency, problemsolving, and resourcefulness, with a deep commitment to the bottom line without compromising quality.
Core Functions / Responsibilities
Planning Costs:
- Budgeting and monitoring of capital expenditures and operational cost including evaluating and conducting project cost/benefit analysis.
Managing Costs:
- Create a process for vendor onboarding and review of existing vendors.
- Assess all incoming products, resources, and services to ensure the best price.
- Ensure cost optimization by rolling out clear cost-saving programs with timelines and assessment goals.
- Work in conjunction with all department heads to initiate cost savings methods on a proactive basis.
Monitoring Costs:
- Monitor and update cost estimates for projects to ensure that costs are within expected ranges.
- Reviewing expense reports to ensure that expenses are reasonable and appropriate for the circumstances
- Coordinate with other departments to ensure all costs are accurately tracked
- Conducting cost analyses to identify areas where costs can be optimized altogether
- Monitor budgets to ensure that spending does not exceed approved levels
- Collect cost data periodically from suppliers or subcontractors to track material costs
- Preparing reports to management regarding costs and expenses
Requirements
- B.Sc. in social science related discipline plus Professional Qualification (ICAN, ACCA, CPA ).
- Minimum of 5 years of cost control experience.
- Intermediate knowledge of MS-Office suite.
- Capacity to work long hours, under pressure and with less supervision
- Exceptionally well organized with an aptitude for data
- Able to generate budgets and reports.
- Strong presentation skills, able to explain concepts concisely and accurately.
- Creative thinking skills and ability to solve problems.