COST CONTROL SPECIALIST

Education And Work ExperienceHigher education (University degree or higher) in finance area or in the relevant speciality and not less than 3 years of work experience as Cost Control Specialist.

Main FunctionsControl and maintain records on actual expenditure related to operating activities the department and to ensure they are allocated in accordance with the approved budget;Collate and report all cost data to Management, highlighting reasons for variances of actual and forecasted expenditure;Ensure all operating costs are compiled accurately & effectively and produce on this basis internal reports which provide monthly expenditures to Department Manager;Ensure all reports correctly reflect the current situation, make work-in-progress inventory of work (services) performance of the sections to be included in the reports;Identify and inform about all variances between expenditure and budget;Ensure requisitions are coded correctly and anticipated costs are recorded;Ensure that Call-offs are tracked against their relevant contracts, ensuring cost estimates are accurately recorded;Participate in the approval process of invoices, ensuring they are checked for accuracy and coded correctly, approval signatures obtained and returned to Financial Controllership in a timely manner, i.

e. in accordance with Contractual terms and internal timescale;Ensure Cost Centre Accounts and Forecasts are reported accurately;Maintain the proper databases for all costs;Ensure efficient system of storing signed documents (hard and electronic copies), control the safe keeping of all documents and correspondence within job responsibilities.

Necessary Knowledge And SkillsIntermediate (B1) English level is an advantage on this role; Legislative acts, decrees, directions, orders, other guiding, methodical and statutory materials for accounting systems, business transactions and accounting;Budget preparation process, its tracking and reviewing performance (execution);Chart and correspondence of accounts;Enterprise accounting systems and methods;Accounting documentation circulation;Labour legislation, labour protection rules and norms;Procedure of developing documents and maintenance of accounting records relating to asset transaction, material assets, and monetary assets;Computer literacy and familiarity with the compilation of spreadsheets and other data filing systems (SAP; MS Word, Excel, Power Point);Accuracy and precision;Cost management;Ability to analyse financial information.

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