Cost Controller

**Main Responsibilities**

The incumbent main responsibilities are:
a. Cost Analysis: Analyze the project budget, commercial data, operational costs, identifying areas for potential savings and cost reductions - tracking and reporting on budget variances and deviations, investigating and addressing discrepancies.

b. Budget Management: Build, analyze, and monitor department budgets. Collaborate with project managers, department heads, and executives to set budgetary targets.

c. P&L Reporting: Prepare monthly reports and forecasts, presenting data to management for decision-making. Present financial data to management clearly and understandably to support decision-making.

d. Cost Control Strategies: Develop and implement cost control strategies and policies to enhance efficiency and minimize wastage. Recommend cost-saving measures and process improvements.

e. Expense Tracking: Monitor and track project or departmental expenses to ensure alignment with approved budgets. Identify cost overruns and take corrective actions.

f. Project Management: Engage in cost-saving projects to achieve improved cost efficiency and contribute to the organization's financial goals.

g. Risk Assessment: Assess financial risks associated with projects or operations and develop risk mitigation plans. Identify potential financial challenges and propose solutions.

h. Compliance and Audit: Ensure compliance with financial regulations and internal policies. Prepare for and participate in financial audits as required.

i. Process Improvement: Initiate or participate in projects aimed at process automation, reduction of manual work, and enhanced visibility and accuracy.

j. Team Collaboration: Collaborate effectively with cross-functional teams, including project management, procurement, and accounting, to align cost control efforts with overall business objectives.

k. Prepare necessary monthly reports.

Any other ad-hoc task as and when required by Management.

**Job Specifications**

**Qualification**
- Bachelor's degree in Finance/Accounting/Insurance or equivalent
- Knowledge of cost control tools and methodologies
- Solid analytical and problem-solving skills
- Establish good relationships and cooperation with colleagues in the project team
- Interface with Planning, Contracts, Purchasing, Engineering and Construction team members for commercial and technical inputs.
- Budget transfer and variation order register
- Reporting requirements

**Requirements**:
a. 3 to 5 years of experience in a related field

b. Experience with finance controls - preferably in a project working knowledge

c. Capability to anticipate risks in cost performance and mitigate and understand project reporting

e. Strong analytical skills powered by excellent attention to detail and accuracy in data presentation.

f. Mature proactive, resourceful and hands-on with good initiative

g. Have basic knowledge of management accounting

h. Problem-solving and decision-making skills

i. Adaptability to changing technologies and process improvements

j. Proficiency in financial modelling and data analysis

k. Knowledge of relevant financial regulations and accounting principles

l. Self-motivated, positive working attitude and high level of professionalism at work

m. Team player, strong personality, leadership abilities and commitment to excellence

n. Reliable, well-organized and capable of working independently

o. Outstanding communication and negotiation skills

p. Excellent organizational and time-management skills.

**Job Types**: Full-time, Permanent

Pay: RM4,500.00 - RM6,000.00 per month

**Benefits**:

- Health insurance
- Maternity leave
- Parental leave

Schedule:

- Monday to Friday