Pro Consult | Cost Controller

1 month ago

gurugram, India Pro Consult Full time

We are seeking a Cost Controller to oversee financial planning, budgeting, and cost monitoring, ensuring alignment with our business objectives. This role includes analyzing expenses, identifying variances, and driving cost-saving initiatives. The candidate will work closely with teams to manage procurement and project costs, maintaining compliance with accounting standards, and contributing to operational efficiency and strategic decision-making.


Responsibilities


  • Develop and implement cost control systems to monitor and analyze project expenses, ensuring alignment with budgets and financial objectives.
  • Prepare detailed cost estimates, forecasts, and financial reports to support decision-making and optimize resource allocation.
  • Collaborate with cross-functional teams to identify cost-saving opportunities and improve operational efficiency.
  • Conduct variance analysis to identify discrepancies between actual and planned costs, and provide actionable recommendations for corrective measures.
  • Establish and maintain processes for tracking inventory, procurement, and material costs, ensuring accurate and timely reporting.
  • Ensure compliance with financial regulations, company policies, and accounting standards while managing cost control processes.
  • Drive financial planning initiatives, including annual budgeting, project cost projections, and long-term financial strategies.
  • Provide regular updates and insights to management on cost performance, key metrics, and financial risks.
  • Utilize financial software and tools to streamline cost monitoring and reporting processes.
  • Support audits and financial reviews by preparing and presenting cost-related data and documentation.
  • Continuously evaluate and refine cost control methodologies to enhance accuracy and efficiency.
  • Collaborate with vendors and suppliers to negotiate favorable terms and optimize procurement strategies.



Qualification


  • A Qualified Chartered Accountant with experience in cost accounting and financial management.
  • Proven experience in cost control, financial planning, or accounting, with a strong understanding of cost management principles.
  • Proficiency in financial modeling, forecasting, and variance analysis.
  • Excellent analytical and problem-solving skills, with the ability to interpret complex financial data.
  • Strong organizational skills and attention to detail to ensure accuracy in reporting and compliance.
  • Proactive mindset with a focus on continuous improvement and cost-saving initiatives.

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