• The Cost Controller Specialist at Daily dose is responsible for monitoring, analyzing, and controlling costs within the organization to ensure financial efficiency.
• This role focuses on tracking expenses, optimizing budgets, and identifying cost-saving opportunities.
• The Cost Controller Specialist will collaborate closely with various departments to implement cost control measures and support the company’s financial goals.

:Key Responsibilities

:Cost Monitoring & Analysis

• Monitor daily, weekly, and monthly costs, ensuring alignment with budgeted targets.
• Analyze cost structures and report variances to management, providing insights and recommendations for corrective actions.
• Review cost allocation methods and ensure accurate distribution of expenses across different business units or projects.

:Budget Management

• Assist in the preparation and management of budgets, working closely with department heads to ensure budget adherence.
• Track actual expenditures against budgets and forecast future costs, identifying potential areas of overspending or savings.
• Support the annual budgeting process by providing historical cost data and financial analysis.

:Financial Reporting

• Prepare detailed financial reports and presentations on cost performance for senior management.
• Provide regular updates on key financial metrics, such as cost per unit, cost of goods sold (COGS), and gross margin.
• Maintain accurate and up-to-date records of all cost-related transactions.

:Cost Reduction Initiatives

• Identify and recommend cost-saving opportunities across the organization, including process improvements, waste reduction, and supplier negotiations.
• Collaborate with procurement and operations teams to optimize purchasing and inventory management, ensuring cost efficiency.
• Participate in cross-functional teams to implement and monitor cost reduction initiatives.

:Inventory & Resource Management

• Oversee inventory levels and ensure efficient use of resources, minimizing waste and reducing excess stock.
• Conduct regular audits of inventory and resource usage to ensure accuracy and compliance with company policies.
• Work with the supply chain team to ensure optimal inventory levels and timely replenishment.

:Compliance & Best Practices

• Ensure compliance with internal policies and external regulations related to cost control and financial management.
• Stay updated on industry best practices in cost control and implement relevant strategies within the organization.
• Develop and maintain documentation of cost control procedures and policies.

:Collaboration & Support

• Provide financial support and guidance to department heads and project managers on cost-related matters.
• Assist in the training and development of staff on cost control processes and financial management practices.
• Work closely with the finance team to ensure accurate financial reporting and alignment with overall business objectives.

:Variance Analysis

• Conduct variance analysis to identify discrepancies between actual costs and budgeted amounts, investigating the causes of these variances.
• Recommend and implement corrective actions to address variances and improve cost management.

:Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• 3+ years of experience in cost control, financial analysis, or a related field.
• Strong analytical skills, with the ability to interpret financial data and make data-driven decisions.
• Proficiency in financial software, accounting systems, and Microsoft Excel.
• Excellent attention to detail and organizational skills.
• Strong communication and interpersonal skills, with the ability to collaborate effectively across departments.
• Knowledge of cost control principles and practices, with experience in budget management and financial reporting.