Cost Control Executive

Job Description:
The Cost Controller is responsible for monitoring, analysing, and controlling costs within the business to ensure efficient and profitable operations. This role involves tracking expenses, identifying cost-saving opportunities, and providing financial insights to support decision-making.

Key responsibilities:

Expense Tracking
• Assist in tracking and recording all expenses related to the organization's operations.
• Verify and reconcile invoices, receipts, and purchase orders.
• Maintain an accurate and up-to-date record of all financial transactions.

Cost Analysis
• Assist in analysing cost data to identify trends, discrepancies, and cost-saving opportunities.
• Prepare reports and presentations to communicate cost-related information to the cost controller.

Budget Support
• Assist in the development and management of annual budgets and forecasts.
• Help compile and organize data for budget preparation.
• Monitor actual expenditures against budgeted figures and provide explanations for variances.
• Work with department heads to set cost control targets and objectives.

Vendor and Supplier Relations
• Build and maintain strong relationships with vendors and suppliers.
• Negotiate favourable terms, pricing, and contracts with suppliers.
• Review supplier contracts and agreements for accuracy

Process Improvement
• Identify opportunities for cost reduction and process improvement.
• Assist in implementing cost-saving initiatives and efficiency measures.
• Monitor and evaluate the impact of process changes on costs and profitability.

Financial Reporting
• Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
• Assist in financial analysis to support decision-making.
• Ensure compliance with accounting standards and regulations.
• Maintain confidentiality of financial data and sensitive information.

Requirements: