Cost Controller
5 months ago
**Cost Accountant with hands on experience in any joinery and fit-out company for a minimum period of 5 years**
**Full job description**
As Cost Controller you will be responsible for overseeing and optimizing the financial performance of our organization by monitoring costs, inventory management, implementing cost-saving measures, strategies to control expenses while maintaining quality standards and monitor company purchases as procurement. Your role will be crucial in understanding the entire arc of the business and how productivity can impact profitability.
Key Responsibilities:
**Cost Monitoring and Analysis**:
- Analyze costs across various departments and projects to identify trends, discrepancies, and areas for improvement.
- Monitor budget variances and investigate the causes of deviations.
- Prepare regular reports and presentations on cost performance for management review.
**Inventory Management**:
- Oversee inventory control processes to minimize excess inventory and carrying costs.
- Conduct regular inventory audits and reconcile discrepancies and variances.
- Investigating unprofitable variances and losses
- Optimize inventory levels and reduce costs.
- Ingredients and recipes in the system are updated to ensure effectiveness of inventory movement.
**Cost Reduction Initiatives**:
- Identify opportunities for cost reduction through process improvement, vendor negotiation, and resource optimization.
- Roll out clear cost-saving programs with timelines and assessment goals.
- Develop and implement cost-saving strategies while maintaining quality standards.
- Monitor the effectiveness of cost-saving initiatives and adjust strategies as needed.
**Purchase controller**
- Keep up to date on new vendors and possible cost-cutting partnerships.
- Identify and evaluate potential vendors based on quality, price, reliability, and delivery speed.
- Negotiate contracts, terms, and pricing agreements with suppliers to obtain the most favourable terms for the organization.
- Build and maintain strong relationships with key suppliers to ensure consistent supply and resolve any issues or disputes that may arise.
- Utilize procurement software and systems to automate processes and facilitate data-driven decision-making. (marketman)
Ability to Commute:
- Dubai (required)
Ability to Relocate:
- Dubai: Relocate before starting work (required)
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