Cost Controller at Myrtle Management Consultants

They seek to hire an experienced and competent Cost Controller

The Cost Controller will be responsible for managing and overseeing the company’s cost control systems, ensuring efficient and effective tracking of costs related to projects and operations. The role includes monitoring budgets, managing expenses, analyzing variances, and providing detailed reports to support the company’s financial decision-making process. The Cost Controller will play a key role in maintaining cost efficiency while supporting the company’s strategic and operational goals.

Job Description

Cost Management and Reporting:

• Develop and implement cost control procedures to ensure adherence to the company’s financial targets.
• Monitor and control project and operational costs to prevent cost overruns.
• Maintain detailed records of actual costs versus budgeted costs for all projects and operational costs.
• Prepare monthly, quarterly, and annual cost reports, including cost variance analysis, and communicate findings to management.

Budgeting and Forecasting:

• Work with department heads to prepare detailed budgets and forecasts.
• Track and analyze budget variations, recommending corrective actions where necessary.
• Provide financial projections and cost analysis to support budgeting decisions.

Cost Analysis:

• Analyze and review cost estimates and expenses across the company’s operations.
• Identify trends in cost drivers and suggest measures to improve cost efficiency.
• Conduct profitability analysis for projects, identifying areas for cost reduction.

Financial Audits and Compliance:

• Assist with internal and external audits by providing necessary cost-related information and reports.
• Ensure compliance with financial regulations and standards related to cost control.
• Support the finance team in implementing and maintaining internal controls to safeguard company assets.

Project Coordination:

• Collaborate with project managers and other departments to align cost control efforts with project timelines and objectives.
• Monitor and update project cost forecasts, ensuring project expenses stay within approved budgets.
• Participate in project review meetings, offering insights into cost-related issues and solutions.

Supplier and Contract Management:

• Evaluate cost proposals from vendors and suppliers, ensuring optimal pricing for goods and services.
• Track and monitor contract performance, ensuring financial terms are adhered to.
• Negotiate with suppliers to ensure cost-effective procurement of materials and services.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Professional certification (e.g., ACA, ACCA, CIMA) is an advantage.
• A minimum of 3- 5years of experience in cost control, financial management, or a related role, preferably in the maritime, oil & gas, or infrastructure sectors.
• Experience with financial and cost management software.

Key Skills:

• Strong analytical and numerical skills, with attention to detail.
• Proficiency in cost management software and Microsoft Excel.
• Excellent communication and presentation skills.
• Ability to work under pressure and meet deadlines.
•  Problem-solving mindset with the ability to identify cost-saving opportunities.
• Knowledge of industry-specific cost structures and processes (maritime, logistics, etc.) is an asset.

Behavioral Competencies:

• High level of integrity and ethical behavior.
• Strong organizational skills with the ability to multitask.
• Collaborative and team-oriented approach to work.
• Strong business acumen and financial awareness.