Cost Controller at Alfred & Victoria Associates

Job Summary:

We are seeking an experienced Cost Controller to join our team. As a Cost Controller, you will play a crucial role in monitoring, analyzing, and controlling costs within our organization. With a minimum of 5 years of relevant work experience, you will be responsible for implementing cost control measures, ensuring financial efficiency, and supporting informed decision-making processes. The ideal candidate will have a strong analytical mindset, excellent attention to detail, and the ability to collaborate effectively with cross-functional teams.

Responsibilities:

• Monitor and analyze project and operational costs, identifying areas of potential savings and cost optimization opportunities.
• Develop and implement cost control measures, policies, and procedures to ensure adherence to budgetary guidelines.
• Conduct regular cost reviews and variance analysis to assess actual expenses against budgeted costs, identifying deviations and recommending corrective actions.
• Collaborate with project managers, finance teams, and department heads to establish accurate project budgets and cost estimates.
• Prepare and present cost reports, financial forecasts, and cost-benefit analyses to senior management, highlighting key findings and providing recommendations.
• Participate in the development and evaluation of financial strategies, cost reduction initiatives, and process improvements.
• Monitor inventory levels, analyze inventory turnover, and propose strategies to minimize carrying costs and optimize stock levels.
• Identify and track key cost drivers, such as labor, materials, equipment, and subcontractor expenses.
• Work closely with procurement teams to negotiate favorable terms with suppliers, ensuring cost-effective purchasing practices.
• Stay updated on industry trends, cost control best practices, and regulatory requirements, making recommendations for process enhancements and improvements.

Requirements:

• Bachelor's degree in Finance, Accounting, or a related field. A master's degree or professional certification (e.g., CMA, CPA) is a plus.
• Minimum of 5 years of relevant work experience in cost control, finance, or accounting roles.
• Strong knowledge of financial principles, cost accounting methodologies, and budgeting techniques.
• Proficient in financial analysis, variance analysis, and cost reporting.
• Excellent analytical and problem-solving skills, with a keen eye for detail.
• Advanced proficiency in MS Excel and financial software systems. Experience with enterprise resource planning (ERP) systems is preferred.
• Strong communication skills, with the ability to present complex financial information in a clear and concise manner.
• Proven ability to work collaboratively with cross-functional teams and influence decision-making processes.
• Highly organized, with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Strong ethical standards and commitment to maintaining confidentiality of financial information.