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Cost Controller

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Job Details

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Employment Type

Full time

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Industry

Others

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Salary

AED 7000 - 8000

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Location

Abu Dhabi, United Arab Emirates

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Job Posted Time

May 8, 2024

Job Description

Job Title: Cost Controller

Location: Abu Dhabi, UAE

Overview: We are seeking a highly motivated Cost Controller with a solid background in manufacturing industry practices to join our team in Abu Dhabi. The ideal candidate will have at least 4 years of relevant experience in cost control, auditing, and ERP implementation. With a focus on cost deduction strategies, the Cost Controller will play a pivotal role in optimizing our operational efficiency and financial performance.

Key Responsibilities:

  1. Cost Control and Analysis:

    • Develop, implement, and maintain cost control procedures to monitor and analyze expenses across various departments.
    • Analyze cost variances, investigate discrepancies, and provide actionable insights to management for cost reduction and process improvement.
    • Conduct regular audits to ensure adherence to cost control measures and identify areas for optimization.
  2. ERP Implementation and Management:

    • Collaborate with cross-functional teams to implement and customize ERP systems to streamline cost tracking and reporting processes.
    • Oversee the integration of cost control modules within the ERP system and provide training to end-users for effective utilization.
    • Continuously evaluate and enhance ERP functionalities to meet evolving business needs and improve data accuracy.
  3. Budgeting and Forecasting:

    • Assist in the preparation of annual budgets and forecasts by providing accurate cost data and insights.
    • Monitor budget performance against actual expenditures, highlight deviations, and recommend corrective actions as necessary.
    • Participate in strategic planning sessions to align cost objectives with organizational goals and objectives.
  4. Financial Reporting and Compliance:

    • Prepare timely and accurate financial reports, including cost analysis reports, for management review and decision-making purposes.
    • Ensure compliance with relevant accounting standards, regulatory requirements, and internal controls related to cost accounting practices.
    • Liaise with internal and external auditors during audit processes and address any audit findings related to cost control activities.
  5. Continuous Improvement Initiatives:

    • Proactively identify opportunities for cost reduction, efficiency improvements, and process optimization throughout the organization.
    • Lead or participate in cross-functional teams to implement cost-saving initiatives and best practices.
    • Stay updated on industry trends, benchmarks, and best-in-class practices in cost control and recommend relevant strategies for adoption.

Qualifications and Skills:

  • Bachelor's degree in Accounting, Finance, or related field. MCom, CMA, or CA qualification preferred.
  • Minimum of 4 years of experience in cost control, preferably within the manufacturing industry in the UAE.
  • Proven experience in ERP implementation, customization, and maintenance, with proficiency in relevant ERP software.
  • Strong analytical skills with the ability to interpret complex data and generate actionable insights.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across different levels of the organization.
  • Detail-oriented with a high level of accuracy and adherence to deadlines.
  • Ability to work independently, prioritize tasks, and handle multiple projects simultaneously.
  • Knowledge of relevant accounting standards, regulations, and compliance requirements.
  • Proficiency in Microsoft Excel and other financial software applications