Senior Cost Controller (F&B)
Job Description
Job Overview
You will work collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability, with a deep commitment to the bottom line without compromising quality. You will be accountable for a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company&aposs reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards.
Key Responsibilities- Work in conjunction with all department heads to ensure maximum profitability
- Provide critical assessment of all budgets and cost projections
- Assess all incoming products, resources, and services to ensure the best price
- Remain acutely aware of market trends that could impact resource costs and keep up to date on new vendors and possible cost cutting partnerships
- Analyze invoices to ensure correct products/services were received at the expected cost
- Collaborate with department heads to strategize ways to minimize waste
- Demonstrate a comprehensive understanding of the interdependency of cost drivers and understand the entire arc of the business and how productivity impacts profitability
- Develop and implement proactive solutions and cost-cutting measures Roll out clear cost-saving programs with timelines and assessment goals Implementing policies, guidelines to establish appropriate cost control practices for the company
- Preparation and maintenance of accurate schedules, compliant estimates, budgets for the project, maintain project cost and work, fund management & reporting.
- Forecasts and report to management on a regular basis.
Qualifications, Experiences, Skills
Minimum Qualifications and Knowledge: A professional accounting qualification like CA, CPA or equivalent, with good knowledge of international accounting and financial reporting standards. Bachelor&aposs degree in finance is a requirement.
Minimum Experience (number of years): At least 5 years of professional experience working in cost control preferably in a Group company having diversified business.
Job-specific Skills: Management skills, Analytical skills, time management, problem solving skills, decision making, negotiation skills, application of international standards, Communication and interpersonal skills.
Competencies: Leadership, strategic thinking, attention to detail, customer service orientation, Proactive individual.