Cost Controller

The Cost Controller is responsible for monitoring, analyzing, and managing costs to ensure financial efficiency and profitability. This role plays a crucial part in budgeting, forecasting, cost allocation, and variance analysis to support strategic decision-making and optimize business operations within the retail group.

KEY RESPONSIBILITY

1. Cost Monitoring & Control:

. Track, monitor, and control company expenses to ensure adherence to approved budgets.

. Analyze cost structures and identify areas for cost reduction and efficiency improvements.

. Implement cost-control measures to enhance operational and financial performance.

2. Budgeting & Forecasting:

. Assist in the preparation of annual budgets and periodic financial forecasts.

. Conduct detailed cost analysis to support budgeting and business planning.

. Work with various departments to establish and maintain budgetary control mechanisms.

3. Variance Analysis & Reporting:

. Conduct variance analysis by comparing actual costs with budgeted figures and identifying discrepancies.

. Prepare reports on cost deviations, trends, and recommendations for corrective actions.

. Provide insights to senior management on cost-related risks and opportunities.

4. Cost Allocation & Process Improvement:

. Ensure proper cost allocation across business units, brands, and operational segments.

. Collaborate with procurement, supply chain, and operations teams to optimize cost efficiency.

. Develop and implement best practices for cost control and financial reporting.

5. Compliance & Risk Management:

. Ensure compliance with company policies, financial regulations, and audit requirements.

. Monitor financial transactions to prevent fraud, wastage, and misallocation of funds.

. Assist in internal and external audits by providing necessary cost data and reports.

6. MIS Reporting & Decision Support:

. Prepare and present cost reports, profitability analysis, and financial dashboards.

. Support decision-making by providing accurate cost data and scenario analysis.

. Utilize ERP systems and data analytics tools to enhance cost reporting and transparency.

DESIRED EXPERIENCE

The ideal Cost Controller should have 5+ years of experience in cost control, financial analysis, or management accounting with strong analytical and problem-solving skills with attention to detail. Proficiency in financial software and ERP systems (SAP, Oracle, etc.) is preferred.

KEY RELATIONSHIPS

Account - Manager, Chief Accountant, Key Accounts Manager, Senior Accountant, Executives, etc.