Cost Controller (Service Industry)

Job Overview:

• The Cost Controller in the service industry is responsible for the effective management of direct costs associated with service delivery.
• This role involves the meticulous tracking, analysis, and reporting of costs directly tied to the services, ensuring that the company maintains profitability and efficiency.
• The ideal candidate will work closely with various departments, including sales, operations, and finance, to develop and implement cost-saving strategies, budgeting, and forecasting.

Responsibilities and Duties:

• Direct Cost Management: Monitor and analyze all direct costs related to service delivery. Ensure accurate allocation of costs to appropriate service lines.
• Budgeting and Forecasting: Collaborate with department heads to prepare accurate budgets and forecasts, focusing on direct costs. Regularly review financial plans versus actual expenditures and adjust as necessary.
• Financial Reporting: Develop and maintain cost reporting systems to provide timely and relevant financial information to management. Prepare monthly, quarterly, and annual reports on direct cost performance.
• Cost Reduction Strategies: Identify opportunities for cost savings and efficiency improvements. Implement cost reduction measures without compromising service quality.
• Vendor Management: Work closely with the government partnership and operation department to negotiate with suppliers and vendors, ensuring favorable terms that will help reduce direct costs.
• Internal Controls: Establish and enforce internal controls to prevent inaccuracies in financial statements and safeguard the company’s assets.
• Compliance: Ensure compliance with financial policies, procedures, and regulatory requirements.
• Collaboration: Liaise with various departments to ensure cost control measures are understood and implemented effectively.
• Financial Analysis: Conduct in-depth analysis of financial data, highlighting trends and advising on implications of cost-related decisions.