Cost Controller (Arabic & English Speaking)

Job description / Role

As a Cost Controller, you will be a vital part of our finance team, responsible for monitoring, analyzing, and controlling costs across various aspects of our operations. Your role will involve collaborating with multiple departments to ensure cost efficiency, budget adherence, and financial sustainability.

Key Responsibilities:

Cost Analysis:
• Analyze and monitor costs associated with operations, projects, or specific initiatives.
• Identify cost trends, variations, and areas of concern.
• Provide insights and recommendations to management for cost control and reduction.

Budgeting and Forecasting:
• Collaborate with department heads and finance teams to develop annual budgets.
• Assist in the preparation of financial forecasts and projections.
• Track actual expenses against budgeted figures and report variances.

Cost Control:
• Implement and maintain effective cost control procedures and policies.
• Review and approve expenditures, ensuring compliance with established budgets.
• Identify cost-saving opportunities and process improvements.

Financial Reporting:
• Prepare regular cost reports for management, summarizing key performance metrics.
• Assist in the preparation of financial statements and reports.
• Maintain accurate and up-to-date cost data records

Inventory Management
• Monitor inventory levels, valuation, and turnover.
• Implement inventory control measures to optimize working capital.
• Identify slow-moving or obsolete inventory and recommend actions.
• Purchase orders control and price comparison

Education and Experience:
• Bachelor's degree in Finance, Accounting, Business Administration, or a related field. A Master’s degree or professional certification (e.g., CMA, CIMA) is advantageous.
• Minimum of 3-5 years of experience in cost control, financial analysis, or a related role within a corporate setting.
• Proven experience in budgeting, forecasting, and financial reporting.

Technical Skills:
• Proficiency in financial management software and ERP systems (e.g., SAP, Oracle, Microsoft Dynamics).
• Advanced Excel skills for data analysis, financial modeling, and reporting.
• Strong understanding of cost accounting principles and practices.
• Familiarity with inventory management systems and techniques.

Analytical and Reporting Skills:
• Excellent analytical skills with the ability to interpret complex financial data and identify trends.
• Experience in preparing detailed cost reports and financial statements.
• Strong attention to detail and accuracy in financial data analysis and reporting.

About the Company

At Culture First Recruitment, we have a profound belief that the key to success lies in building a remarkable culture within organizations. Our founder, Ryan Jackson, a visionary serial entrepreneur with a track record of success across multiple industries, had an awakening that transformed the way he approached business.

Ryan’s journey began in a notorious industry that had developed a negative public perception. Despite achieving financial success, he felt something was missing. As profits soared, Ryan found himself falling out of love with business, realizing that he was not aligned with the values of his own company. This disconnection led him on a transformative path of soul-searching.