Cost Controller

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