Cost Controller

1 month ago


Sharjah, United Arab Emirates The Act Hotel Full time

**Budgeting and Forecasting**:Develop and maintain budgetary controls and financial models.
Collaborate with various departments to create accurate budget forecasts.
Monitor and analyze budget variances, providing insights and recommendations.

**Cost Analysis**:Conduct regular cost analyses to identify areas for improvement and cost-saving opportunities.
Analyze cost trends and variances to ensure adherence to budgetary constraints.
Provide detailed cost reports to management for decision-making.

**Expense Management**:Monitor and control expenses to ensure they align with the budget.
Work with department heads to identify and address any budget overruns.
Implement cost reduction initiatives without compromising quality or efficiency.

**Financial Reporting**:Prepare regular financial reports for senior management, highlighting key cost metrics.
Present financial data in a clear and understandable manner.
Collaborate with the accounting team to ensure accurate and timely financial reporting.

**Internal Controls**:Establish and maintain internal controls to safeguard financial assets.
Ensure compliance with financial policies and procedures.
Conduct periodic audits to identify and rectify any financial discrepancies.

**Vendor Management**:Negotiate with suppliers to obtain favorable terms and pricing.
Evaluate vendor performance and suggest improvements or changes when necessary.
Monitor and control procurement costs.

**Cross-Functional Collaboration**:Collaborate with various departments, such as operations, procurement, and finance, to gather relevant cost data.
Work closely with project managers to ensure cost control measures are integrated into project plans.

**Qualifications**:
**Educational Background**:Bachelor's degree in Finance, Accounting, Business, or a related field. Advanced degrees or certifications (e.g., CMA, CPA) may be preferred.

**Experience**:Previous experience in a cost control, financial analysis, or related role.
Familiarity with budgeting, financial modeling, and cost accounting principles.

**Analytical Skills**:Strong analytical and quantitative skills to interpret financial data.
Ability to identify cost patterns, trends, and anomalies.

**Communication Skills**:Excellent communication skills to convey financial information clearly to both financial and non-financial stakeholders.
Ability to collaborate effectively with cross-functional teams.

**Detail-Oriented**:Attention to detail is crucial to ensure accurate financial reporting and cost analysis.

Ability to commute/relocate:

- Sharjah: Reliably commute or willing to relocate with an employer-provided relocation package (required)



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