The Cost Controller is responsible for monitoring, analyzing, and controlling project or operational costs to ensure alignment with approved budgets. This role ensures effective cost management, accuracy of financial data, and timely reporting to support management in making informed decisions.
Develop, implement, and maintain cost control systems and procedures to monitor budgets, expenditures, and forecasts.
Track, review, and validate all project or departmental expenses to ensure they align with approved budgets.
Prepare cost analysis reports and highlight areas of concern or potential savings.
Monitor and control cost variations and recommend corrective actions where necessary.
Review purchase requests, quotations, and vendor invoices to ensure cost accuracy and compliance with company policy.
Maintain an updated record of project budgets, commitments, and actual expenditures.
Coordinate with Procurement, Finance, and Operations teams for cost-related data and ensure timely reporting.
Support the preparation of monthly, quarterly, and annual financial and cost performance reports.
Assist in project estimation, tendering, and budget preparation processes.
Analyze cost trends and recommend process improvements for cost optimization.
Bachelor’s degree in Finance, Accounting, Commerce, Engineering, or a related field.
Minimum 5–7 years of relevant experience in cost control, preferably in Hospitality / Construction / Manufacturing].
Strong analytical and numerical skills with attention to detail.
Proficiency in MS Excel and ERP systems (SAP, Oracle, or similar).
Knowledge of budgeting, forecasting, and financial reporting principles.
Excellent communication and coordination skills.