Job Description

JOB OVERVIEW: The Cost Controller is responsible for overseeing and managing the company\'s cost management processes. This role involves analysing costs, monitoring budgets, forecasting financial outcomes, and implementing cost control measures to ensure financial efficiency and effectiveness. The Cost Controller will work closely with various departments to provide detailed cost analysis and support decision-making processes to drive profitability.JOB DESCRIPTION:1. Cost Analysis and Monitoring:Analyse costs and expenditures to identify trends, variances, and opportunities for cost reduction.
Monitor and review cost reports and budgets to ensure financial targets are met.2. Budget Management:Develop and manage departmental and project budgets in collaboration with department heads.
Prepare and present budget reports, highlighting key variances and recommendations for corrective actions.3. Financial Reporting:Generate and maintain accurate financial reports, including cost reports, variance analysis, and budget forecasts.
Provide regular updates to management on financial performance and cost-related issues.4. Cost Control Procedures:Implement and maintain cost control procedures and best practices across the organization.
Identify inefficiencies and recommend process improvements to reduce costs and enhance financial performance.5. Project Costing:Oversee and track project costs, ensuring they align with budgetary constraints and project goals.
Provide cost estimates and financial forecasts for new projects and initiatives.6. Collaboration and Communication:Work closely with various departments to ensure accurate cost allocation and financial reporting.
Communicate cost-related insights and recommendations to management and other stakeholders.7. Compliance and Auditing:Ensure compliance with financial regulations, company policies, and accounting standards.
Assist with internal and external audits by providing necessary documentation and reports.8. Continuous Improvement:Stay updated on industry trends and best practices in cost control and financial management.
Suggest and implement improvements to cost control systems and processes.QUALIFICATIONS:Degree in Accounting, Finance, Business Administration, or a related field.
Professional certification (e.g., CPA, CMA) is preferred.
Proven experience (typically 7-9 years) in cost control, financial analysis, or a similar role.
Strong analytical skills and attention to detail.
Proficiency in financial software and Microsoft Office Suite (Excel, Word, PowerPoint).
Excellent communication and interpersonal skills.
Ability to work independently and manage multiple tasks effectively.About Petroplan
Petroplan is the trusted, specialist global Talent Solutions partner of choice for employers and professionals in the Energy sector. Since 1976, Petroplan has been here to help people like you make the most of the opportunities available and find the best fit for you as an individual.
Over 10,000 placements in more than 55 countries for over 550 clients across 65 disciplines.
In an industry where skilled and experienced professionals are increasingly sought after resource, we appreciate the true value of what you have to offer. What\'s more, we understand that different things are important to different people in today\'s world of work - it\'s about making exactly the right connections for you as an individual.
Our reputation for contractor and candidate care, understanding what makes you tick, and finding you the best match is second-to-none. We understand the industry inside-out and seek to understand YOU and your motivations in the same way. We take the time to evaluate your individual strengths, understand the most important things to you, and establish exactly what you\'re looking for from your next role.

Petroplan