Cost Controller at a Marine Logistics and Supply Servicing Company – Myrtle Management Consultants Limited

Job Title: Cost Controller

Activities

• Develop and implement cost control procedures to ensure adherence to the company’s financial targets.
• Monitor and control project and operational costs to prevent cost overruns.
• Maintain detailed records of actual costs versus budgeted costs for all projects and operational costs.
• Prepare monthly, quarterly, and annual cost reports, including cost variance analysis, and communicate findings to management.
• Budgeting and Forecasting:
• Work with department heads to prepare detailed budgets and forecasts.
• Track and analyze budget variations, recommending corrective actions where necessary.
• Provide financial projections and cost analysis to support budgeting decisions.
• Cost Analysis:
• Analyze and review cost estimates and expenses across the company’s operations.
• Identify trends in cost drivers and suggest measures to improve cost efficiency.
• Conduct profitability analysis for projects, identifying areas for cost reduction.
• Financial Audits and Compliance:
• Assist with internal and external audits by providing necessary cost-related information and reports.
• Ensure compliance with financial regulations and standards related to cost control.
• Support the finance team in implementing and maintaining internal controls to safeguard company assets.
• Project Coordination:
• Collaborate with project managers and other departments to align cost control efforts with project timelines and objectives.
• Monitor and update project cost forecasts, ensuring project expenses stay within approved budgets.
• Participate in project review meetings, offering insights into cost-related issues and solutions.
• Supplier and Contract Management:
• Evaluate cost proposals from vendors and suppliers, ensuring optimal pricing for goods and services.
• Track and monitor contract performance, ensuring financial terms are adhered to.
• Negotiate with suppliers to ensure cost-effective procurement of materials and services.

Candidate Profile

• Candidates should possess a Bachelor’s Degree in Accounting, Finance, Economics, or a related field.
• Professional certification (e.g., ACA, ACCA, CIMA) is an advantage.
• A minimum of 3- 5years of experience in cost control, financial management, or a related role, preferably in the maritime, oil & gas, or infrastructure sectors.
•  Experience with financial and cost management software.
• Strong analytical and numerical skills, with attention to detail.
• Proficiency in cost management software and Microsoft Excel.
• Excellent communication and presentation skills.
• Ability to work under pressure and meet deadlines.
•  Problem-solving mindset with the ability to identify cost-saving opportunities.
• Knowledge of industry-specific cost structures and processes (maritime, logistics, etc.) is an asset.
• High level of integrity and ethical behavior.
• Strong organizational skills with the ability to multitask.
• Collaborative and team-oriented approach to work.
• Strong business acumen and financial awareness.

Application Instructions:

The application deadline is 30th November 2024. Therefore qualified and interested candidates can “CLICK HERE TO SUBMIT APPLICATION”