• Manage and monitor the cost control process to ensure that financial resources are utilized effectively and efficiently.
• Develop, review, and manage project or operational budgets.
• Prepare detailed cost estimates and financial forecasts.
• Monitor and track expenditures to ensure alignment with budget.
• Review and analyze cost-related data to maintain control over project and operational expenses.
• Develop Cost Control Policies and Procedures:
• Create and implement comprehensive cost control policies and procedures to manage expenses and optimize resource allocation.
• Regularly update and refine cost control practices to align with organizational goals and industry standards.
• Collaborate with project managers to ensure accurate budgeting, forecasting, and financial reporting.
• Work closely with various departments to integrate cost control measures into their operational processes.
• Report to Senior Management on Financial Performance and Cost Control Measures:
• Prepare and present detailed reports on financial performance, cost variances, and the effectiveness of cost control measures.
• Provide senior management with insights and recommendations for improving financial performance and controlling costs.
• Identify opportunities for cost reduction and process improvements.
• Develop and implement cost control strategies and best practices.
• Generate and review financial reports, including cost summaries and variance analyses.
• Implement cost control measures and procedures to manage and reduce costs.
• Manage and control the 3 costing pilers of Project costing, Manufacturing Costing, Logistics costing and Overhead costing.
• Maintain, develop and monitor the cost, Gross margins and expense budgets on a regular bases flagging variances.
• Strongly influence and audit the pricing mechanism in collaboration with Estimation department and Management.
• Strong collaboration with the ERP department for generation of live costing and variances reports. Qualifications
• Bachelor's degree in Finance, Accounting, Business Administration, or a related field. (Master's degree or professional certification such as CPA or CMA is a plus.)
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