Job Overview:
- The Cost Controller in the service industry is responsible for the effective management of direct costs associated with service delivery.
- This role involves the meticulous tracking, analysis, and reporting of costs directly tied to the services, ensuring that the company maintains profitability and efficiency.
- The ideal candidate will work closely with various departments, including sales, operations, and finance, to develop and implement cost-saving strategies, budgeting, and forecasting.
Responsibilities and Duties:
- Direct Cost Management: Monitor and analyze all direct costs related to service delivery. Ensure accurate allocation of costs to appropriate service lines.
- Budgeting and Forecasting: Collaborate with department heads to prepare accurate budgets and forecasts, focusing on direct costs. Regularly review financial plans versus actual expenditures and adjust as necessary.
- Financial Reporting: Develop and maintain cost reporting systems to provide timely and relevant financial information to management. Prepare monthly, quarterly, and annual reports on direct cost performance.
- Cost Reduction Strategies: Identify opportunities for cost savings and efficiency improvements. Implement cost reduction measures without compromising service quality.
- Vendor Management: Work closely with the government partnership and operation department to negotiate with suppliers and vendors, ensuring favorable terms that will help reduce direct costs.
- Internal Controls: Establish and enforce internal controls to prevent inaccuracies in financial statements and safeguard the company’s assets.
- Compliance: Ensure compliance with financial policies, procedures, and regulatory requirements.
- Collaboration: Liaise with various departments to ensure cost control measures are understood and implemented effectively.
- Financial Analysis: Conduct in-depth analysis of financial data, highlighting trends and advising on implications of cost-related decisions.
Skills
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field.
- Professional certification (e.g., CMA, CPA) is preferred.
- A minimum of 3-5 years of experience in cost control, accounting, or a related field, preferably within the
service industry.
- Strong understanding of financial principles, especially in relation to direct cost management.
- Proficiency in financial software and advanced Excel skills.
Skills:
- Excellent analytical and numerical skills.
- Strong attention to detail.
- Exceptional communication and interpersonal abilities.
- Ability to work independently and as part of a team.
- Strong organizational and time-management skills.
- Proven ability to meet deadlines.
Personal Attributes:
- Ethical with a commitment to transparency and integrity.
- Proactive in identifying issues and generating solutions.
- Adaptability to changing business needs and environments.
- Strong leadership qualities and the ability to influence others.