Cost Control Supervisor at Ascentech Services Limited

Job Summary

• We are seeking a highly skilled and detail-oriented Cost Control Supervisor to oversee and manage cost control activities within the company. 
• The successful candidate will be responsible for monitoring, analyzing, and reporting costs related to production, procurement, and operational efficiency. 
• The Ideal candidate should possess a strong understanding of cost control processes and possess expertise in utilizing Odoo software to optimize cost tracking, reporting, and analysis.

Responsibilities

• Develop, implement, and maintain cost control systems and procedures to monitor, analyze, and control costs.
• Collaborate with finance, operations, and production teams to ensure accurate tracking and reporting of costs.
• Prepare and present regular cost reports, highlighting key variances, trends, and areas for improvement.
• Identify cost reduction opportunities and recommend strategies to improve profitability and operational efficiency.
• Conduct detailed cost analysis and provide insights on budget forecasting, procurement costs, labor expenses, and materials.
• Perform regular reviews of inventory and stock levels to ensure optimal cost management.
• Oversee the preparation of cost budgets and assist in long-term financial planning and resource allocation.
• Maintain accurate records of all cost-related transactions and ensure compliance with company policies.
• Monitor and ensure adherence to cost control procedures and compliance with financial regulations.
• Manage cost reporting within Odoo software, ensuring accurate data entry, reconciliation, and analysis.
• Provide training and guidance to junior staff on cost control processes and the use of Odoo software.
• Coordinate with suppliers and vendors to evaluate pricing and negotiate cost-effective deals.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
• Proven experience in cost control, financial analysis, or similar roles within a manufacturing, production, or operational environment.
• Strong proficiency in Odoo software, particularly in cost management, inventory tracking, and financial reporting.
• Excellent analytical skills with the ability to interpret financial data and provide actionable insights.
• Strong understanding of cost accounting principles and budget management.
• Ability to work with cross-functional teams and communicate effectively across departments.
• Attention to detail, problem-solving skills, and the ability to prioritize and meet deadlines.
• Knowledge of industry-standard cost control techniques and best practices.
• Familiarity with ERP systems (Odoo experience is highly preferred).

Skills:

• Advanced proficiency in Microsoft Excel (pivot tables, formulas, charts) and other financial reporting tools.
• Ability to manage large volumes of data and perform in-depth cost analysis.
• Strong organizational and multitasking abilities.
• Excellent verbal and written communication skills.
• High degree of integrity, reliability, and commitment to confidentiality.