Cost Controller at Novella Africa

Job Summary:

• The Ideal candidate will be responsible for managing and reducing operational costs to increase profitability. Prepare budgets and track actual costs relative to the budget, identifying strategies to improve efficiency and reduce costs.

Responsibilities

• Financial Analysis, integration of cost estimates and forecasts provided by vendors and suppliers, and support of the cost-estimating process
• Responsible for controlling and monitoring total expenditures including verifying and checking invoices and claims from suppliers, vendors, and subcontractors to ensure that all business expenditures are captured and properly recorded
• Coordinating with other departments such as human resources, payroll, accounting, and finance to ensure that all costs are accurately tracked
• Supply cost information to operations at all levels to avoid spending in excess and develop an analysis that shows operations where to focus to reduce cost
• Prepare and implement comprehensive business plans to facilitate achievement by planning cost-effective operations and activities.
• Collecting and analyzing data related to an organization’s cost
• Presenting cost analysis results to management and making recommendations
• Performing the month-end close and forecast-related allocation activities
• Provide accurate up-to-date standard costing, working with production and master data team to ensure costing reflects appropriate BOMs and inventories
• Support Cost Controller activities and analysis and update cost breakdown structure according to existing cost estimates
• Execution of the allocation checks (inventory checks, service checks)
• Identifying cost-saving opportunities and implementing cost-reduction measures
• Preparing budget reports and financial forecasts
• Reviewing financial transactions and cost accounting to ensure accuracy
• Monitoring project budgets and ensuring they are adhered to
• Providing recommendations for cost efficiency to upper management
• Coordinating and implementing audits to ensure compliance with financial regulation
• Assist in the preparation of financial statements in compliance with official guidelines and requirements
• Implement consistent accounting policies, practices, and procedures across all programs, upholding federal, state, and local legal standards by remaining knowledgeable about existing, new, and future legislation

Requirements

• Bachelor's degree in Accounting, Finance, or relevant study.
• Membership to any of the professional bodies ICAN, ACCA,
• Minimum of 5 years of experience as a Cost Controller, Cost Accountant, or a related role.
• Experience in Logistics and Supply chain industry
• Excellent understanding of cost accounting principles.
• Hands-on experience with accounting software, like Quickbooks or SAP.
• Excellent Financial Planning and Budgeting skills, Financial Analysis skills, Cash Flow Management, budgeting, forecasting, and data analysis.
• Strong analytical skills with attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Proficiency in Microsoft Office, particularly with Excel.