Cost Controller

Job Description Summary

As a project cost controller, you will be responsible for the cost control of several projects. You will report operationally to the project managers and functionality to the project cost control Manager, a member of the project Management office.

Job Description

Roles and Responsibilities:

• Monitor and analyze all operational costs to ensure adherence to budget.
• Track and evaluate expenditure on projects and daily operations to ensure they align with the company's financial plans.
• Develop and maintain cost control procedures and methodologies.
• Forecast and manage costs related to materials, labour, and overhead.
• Prepare detailed cost analysis reports and present findings to senior management.
• Provide monthly, quarterly, and annual cost reports, including variance analysis and recommendations.
• Assist in preparing budgets and forecasts based on cost analysis data.
• Identify opportunities for cost reduction without compromising quality.
• Implement cost-control strategies across all departments and functions.
• Collaborate with other teams to develop and execute cost-effective processes and solutions.
• Assist in the creation of project budgets and financial forecasts.
• Review project costs regularly and ensure that financial targets are met.
• Develop cost models and financial projections for new and existing projects.
• Work closely with procurement, operations, and project management teams to ensure cost efficiency.
• Ensure effective communication regarding cost control measures and adherence to budgets.
• Liaise with finance teams to ensure accurate recording and allocation of costs.
• Ensure compliance with internal cost control policies, industry standards, and legal regulations.
• Prepare for and support internal and external audits by providing necessary cost-related information.
• Utilize cost control software and tools to track and report expenses.
• Continuously improve cost tracking and reporting methods to increase accuracy and efficiency.
• Analyze and report on risks related to costs and provide actionable recommendations.
• Identify potential financial risks and assist in implementing mitigation plans.

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field. Professional certifications (e.g., CPA, CMA) are a plus.:
• 3-5 years of experience in cost control, accounting, or financial management.
• Experience in project cost control is highly preferred
• Proficiency in financial software (e.g., SAP, Oracle, QuickBooks).
• Strong knowledge of Excel/Power BI and data analysis
• English proficiency is a must

• Ability to analyze complex financial data and identify trends and anomalies.
• Strong attention to detail, with the ability to identify discrepancies and inconsistencies in cost data
• Excellent verbal and written communication skills to report findings and collaborate with teams
• Ability to think critically and propose cost-effective solutions
• Ability to prioritize tasks and meet deadlines in a fast-paced environment
• Ability to work both independently and as part of a team
• Strong ethical standards and a commitment to confidentiality
• Flexible and adaptable to changing business needs
• May involve some travel for project oversight or financial audits
• Office-based with occasional site visits