Job Overview
What we are looking for:
- Do you have experience in analyzing and monitoring costs associated with operations or projects.
- Do you have experience in identifying cost trends, variations, and areas for cost reduction?
- Do you have experience with developing and tracking budgets?
- Can you collaborate with stakeholders to create realistic and achievable financial forecasts?
- Do you have experience with variance analysis (comparing actual vs. budgeted expenses).?
- Do you have experience in implementing and maintaining cost control procedures?
- Can you ensure compliance with established budgets when reviewing and approving expenditures?
- Do you have experience in preparing cost reports and financial statements.
- Can you ensure the accuracy and completeness of cost data records?
- Do you have proficiency in financial reporting software (e.g., Excel, reporting tools)?
- Do you have experience with inventory control measures?
- Can do monitor inventory levels, valuation, and turnover?
- Do you have experience with purchase order control and price comparison.
- Can you ensure efficient and cost-effective purchasing practices?
Job Summary:
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
Department: Finance
Reports To: CFO/CEO/Operations
Package – 10,000AED
