Senior Cost Controller

Business Cost Control

• Ensure adequate monitoring and control of the execution of the expenditure budget related to cost per departments/budget lines.
• Ensure work is performed in compliance with standard or agreed cost processes/procedures and documentation is always available for auditing purposes.
• Ensure costs are correctly allocated to the relevant budget codes since Procurement stage up to invoice receipt/approval.
• Assist Head of departments/Budget owners in the development of departments budget, provide actuals and make necessary updates.
• Acts as a point of contact for all cost and budget control requests, identifies spending trends and perspectives, intervenes, and provides advice to budget owners as needed.
• Review the standard procedures for reporting expenses.
• Review quantities/prices of contracts and purchase orders, ensuring budget availability and correct cost allocation of the expenditure, prior to budget owner’s approval.
• Review Contractors/Vendors’ cost reports for approval of milestones/progress.
• Prepare deviation reports from the budget, reconcile, analyze, and submit cost and updated budget forecasts.
• Perform daily, weekly and monthly reports for Management, ad hoc reports and analyses.
• Prepare periodical cash flow projections based on contracts/purchase orders.
• Collaborates with the Head of departments/Budget owners to optimize the rate of return on new investments and to carry out the agreed decisions.
• Collaborate with Finance team to ensure proper allocation of invoices received, identification of accruals and reconciliation of expenditures.
• Monitoring and analysis of OPEX and CAPEX expenses by comparison with the previous period, as well as with the annual budget.
• Monitoring the financial results, preparing the necessary information for the budget and estimates during the year.
• Monitoring, consolidation, and analysis of the monthly results of operational expenses.
• Monitoring the investment plan for the respective year.
• Pro-actively participate to the risk management process for identification of necessary contingencies.
• Ensure control on budget transfers and prepare management of change.
• Actively ensure adequate control of expenses, to establish and implementing improved processes and routines for control and reporting.
• Researching to find opportunities to reduce expenses.