Cost Controller Job Description
Cost controller
provides feedback to estimating on project close-out and update historical databases and tools on a continuous basis.
Cost Controller Duties & Responsibilities
To write an effective cost controller job description, begin by listing detailed duties, responsibilities and expectations. We have included cost controller job description templates that you can modify and use.
Sample responsibilities for this position include:
Support month-end processes, coordinate month-end accruals to Accounting, provide inventory valuation report
Support on a timely basis data management in different planning and reporting systems & tools
Weekly prepare cost accounting records, implementing cost control procedures
Ensure efficient communication with all key interfaces, other business partners
Maintain prices in the system, Food & Beverages (F&B), cleaning materials
Outlet Revenue
Manage the Human Resources in the F&B Control department in order to attract, retain and motivate the employees
Issues, on a daily basis, food cost reports, provides relevant information regarding unusual movements or results
Updates menu costing and issues food potential cost reports for one outlet every two months or as directed
Spot checks the outlets on a daily basis, during working hours
Cost Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cost Controller
List any licenses or certifications required by the position: PMI, AACE, SP, PSP, PMP, CA
Education for Cost Controller
Typically a job would require a certain level of education.
Employers hiring for the cost controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Engineering, Business, Management, Finance/Accounting, Economics, Business/Administration, Construction Management, Surveying
Skills for Cost Controller
Desired skills for cost controller include:
SAP desirable
Excel
Project management principles
SAP
Budgeting
Job-relevant issues
Processes
Products
Systems
Cash flows and estimating
Desired experience for cost controller includes:
Cost Annual Budget – working with assigned departments / topical subject matter experts, define detailed bottom up resource requirements by account, by cost center, by major activity / contract
Cost Reconciliations – develop transparent cost reconciliations for a myriad of comparisons such as budget vs
Cost Reporting to Plant Management – develop insightful financial reports and reconciliations to enhance Plant Management’s understanding of financial performance
Cost Optimization Workshops – support Plant Board efforts to optimize costs
To support and assist in the preparation of Payment Application submissions to the customer
Ensure period end reporting deadlines to the customer are met
Cost Controller Examples
1
Cost Controller Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of cost controller. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cost controller
- Ensures that employee meal cost is in line with the forecast
- Checks monthly summaries
- Participate in meetings, Councils, Committees and Networks upon request of the VP Business Control, and other VPs in GTO Americas
- Champion the culture aimed at giving a strong image of the unit and being in line with AB Volvo values and principles (The Volvo Way, Code of Conduct)
- Strong organisational skills and ability to manage own tasks
- Involved in all planning and scheduling functions including the development, maintenance, analysis of the integrated schedules for engineering and procurement projects
- Using data provided by Engineering Leads and establish engineering progress measurement formats in engineering progress measuring system
- Use of Primavera P6 scheduling software and Microsoft Project
- Lead and support the Reimbursement analyst level 1, reimbursement analyst level 2 and CBS controller to achieve the targets for Cuautla Plant
- Coordinate the reimbursement area from the plant in order to achieve reimbursements claims from the Suppliers and / or customers of the company in time and with remarkable negotiations
Qualifications for cost controller
- To provide timely, accurate and meaningful ad-hoc information to the work package managers, project managers and project directors
- Mature, self-motivated and a team player
- Displays high level of flexibility, initiative, sincerity
- Minimum 3 years’ experience in cost
- 5-10 years experience in project controls with intermediate to senior level experience in planning, scheduling and costing including some team or staff management experience in a Project Controls capacity
- A University or College degree in Business (finance, accounting) or related field
2
Cost Controller Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of cost controller. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost controller
- Provide advice and support SSD in all questions related to planning and analysis
- Financial support to various deals in terms of modeling, monitoring and measuring KPIs of ongoing deals
- Structuring, making various financial models and structure the deals in appropriate way
- Monitoring of budget performance/analysis/meaningful and succinct commentaries on variances
- Responsible of Operating Expenses variance analyses (actual vs budget, vs forecast, vs prior year)
- Controlling of the monthly Source of Results and reconciliation of charges
- Establish and follow up on accruals and other monthly closing transactions to allow proper Budget/Expense control
- Preparation of timely management reports, holding monthly meetings on results discussion
- Responsible to control and monitor project total expenditure including verifying and
- Conduct periodic inventory physical counts to safeguard company assets
Qualifications for cost controller
- Must have extensive experience working on large projects preferably in the Energy sector
- Must have exceptional organizational skills, strong written and oral communication skills
- Must work well in a diverse team environment
- Must be detail oriented and have the ability to work under pressure and meet tight deadlines
- Finance degree or any other relevant discipline
- Develop an aligned project control base WBS aligned with capital estimate, schedule and contracting strategy
3
Cost Controller Job Description
Job Description Example
Our innovative and growing company is looking for a cost controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost controller
- Co-ordinate with purchasing team on pricing, purchasing issues
- Liaising about the correct allocation methodology with business partners
- Maintenance of the allocation system (cost center - allocation methodology - account setups)
- Execution of the allocation checks (system checks, result checks, business unit checks)
- Performing the month end close and forecast related allocation activities
- Preparation of the allocation reports (recovery -, BU result -, Legal entity reports)
- Closely cooperate with colleagues in New York
- Participate in the Simplification (standardized allocation methodology usage) and Gladiator (adhering to regulatory requirements) projects
- Documentation of the allocation process
- Compliance to policies
Qualifications for cost controller
- Participate in the development of project controls RFQ requirements for projects, in the bid clarification meetings and in the adjudication of tenders
- Participate in the development of baseline cost flow projections for projects and in evaluating monthly performance against baselines
- Ensure compliance by external service providers to the project controls RFQ requirements and procedures
- Monitor and ensure that projects are capitalized as planned and report
- Ensure that the project risks impacts are reported on cost reports and schedules
- Minimum matric or trade certificate
4
Cost Controller Job Description
Job Description Example
Our company is growing rapidly and is looking for a cost controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cost controller
- Economics planning and control, cost estimating/budgeting/cost analysis/control
- Carry out tasks related to the job in accordance with the instructions of the
- Superior (ad hoc report)
- Provide accurate up-to-date standard costing, working with production and master data team to ensure costing reflects appropriate BOMs and recipes
- Prepare production cost center planning and activity rates used in standard costing
- Manage cost center assessments and allocations
- Review production cost centers for accuracy
- Generate routine and ad-hoc reporting to production management for certain data elements and KPIs
- Partner with Excellence group to support proper calculations of cost savings
- Provide detailed analysis of labor and utilities
Qualifications for cost controller
- Overall at least 2 – 8 years’ experience in project execution environment
- Minimum 2 – 6 years’ experience on tier 3 and 4 projects (all project phases)
- Experience in working with Material Control (MC) module
- University degree in engineering and/or economics
- Finance/Business Bachelor / Master and/or qualification
- Previous experience of Cost Control, dependent on project size and complexity
5
Cost Controller Job Description
Job Description Example
Our company is growing rapidly and is looking for a cost controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost controller
- Support regional and global controlling organizations
- Perform month-end closing responsibilities
- Provide monthly costs and variance forecast
- Provide consolidated information to Operations Management for decision making
- Monitor and analyse monthly and year-to-date operating results against Budget and actual vs actual
- Share Improvement plans from all plants/Summarize all saving actions and share with the other sites
- Support & prepare business case and financial analyses for cost improvement decisions to set a TASK and target setting to create value and increase the EBITDA
- Supply cost information to operations at all levels to avoid spending in excess and develop analysis that show operations where to focus to reduce cost
- Support Cost Controller activities and analysis
- Updating cost breakdown structure according to existing cost estimates
Qualifications for cost controller
- Experience with large companies and an ERP system (GEOS – Oracle)
- Expert use of Microsoft office (MS Excel and MS Project)
- Economics graduate
- Knowledge of an ERP system is an advantage
- English level - average
- Oversees fixed asset cycle, including capitalization, depreciation and disposal of assets