As the Cost Controller in the Shared Service Center (SSC), you will play a key role in managing, controlling, and optimizing costs to ensure the financial health and efficiency of our organization.
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This position requires a strong grasp of financial analysis, cost management, and the ability to collaborate with various stakeholders. You will be responsible for monitoring and analyzing costs, implementing cost control strategies, and providing insights for decision-making.
Key Responsibilities:
1. Cost Management:
- Oversee and manage cost control processes, ensuring adherence to budgetary guidelines and cost efficiency.
- Monitor and analyze operating costs, identifying areas for improvement and cost reduction.
2. Budgeting and Forecasting:
- Collaborate with departments to develop and manage budgets, forecasts, and cost control plans.
- Monitor actual expenses against budgeted figures and provide explanations for variances.
3. Financial Analysis:
- Analyze financial data, identify cost trends, and conduct variance analysis.
- Provide insights and recommendations to senior management for cost-efficient decision-making.
4. Cost Control Strategies:
- Develop and implement strategies to control and optimize costs across different functions and departments.
- Collaborate with stakeholders to implement cost reduction initiatives.
5. Reporting and Metrics:
- Prepare and present regular cost control reports to senior management.
- Create and maintain cost-related metrics to track performance and identify areas for improvement.
6. Compliance and Regulations:
- Ensure compliance with relevant financial regulations and internal policies.
- Collaborate with compliance teams to ensure adherence to cost-related regulations.
7. Process Improvement:
- Identify opportunities for process improvement and automation to streamline cost control activities.
- Implement technology solutions to enhance efficiency.
8. Vendor Management:
- Work with vendors and suppliers to negotiate cost-effective agreements.
- Monitor vendor performance and assess opportunities for cost savings.
Qualifications:
- Bachelor's degree in Finance, Accounting, Business, or a related field.
- Proven experience in cost control and financial analysis, preferably within a shared service center or large corporate environment.
- Strong knowledge of financial principles, budgeting, and cost management.
- Proficiency in using financial software and data analysis tools.
- Excellent analytical and problem-solving skills.
- Effective communication and collaboration abilities.
- Detail-oriented with a commitment to data accuracy and compliance.
- Adaptability to changing financial regulations and industry practices.
The Cost Controller in the SSC plays a pivotal role in maintaining cost efficiency, supporting budget compliance, and contributing to the financial health of our organization.