The Cost Controller plays a pivotal role in the financial health of a retail and wholesale company. This position is responsible for product costing and determining the price of said products. The ideal candidate will have a keen eye for detail, strong analytical skills, and the ability to communicate effectively with various departments. This role requires a proactive approach to identifying cost-saving opportunities and implementing strategies to enhance operational efficiency.
Responsibilities:
- Monitor and analyze the company's product costing, focusing on cost management.
- Prepare detailed cost reports and forecasts to support decision-making processes.
- Collaborate with department heads to develop prices for the products.
- Identify areas for cost reduction and implement effective strategies to achieve savings.
- Conduct regular audits of financial records to ensure accuracy and compliance.
- Assist in the preparation of financial statements and reports for management review.
- Provide training and support to staff on cost control measures and best practices.
- Maintain accurate records of all financial transactions and ensure timely reporting.
- Evaluate supplier contracts and negotiate terms to optimize costs.
- Stay updated on industry trends and regulations to ensure the company remains competitive.
Preferred Candidate:
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Detail-oriented with a focus on accuracy.
- Ability to work independently and as part of a team.
- Proficient in financial software and Microsoft Excel.
- Strong organizational skills and the ability to manage multiple tasks.
- Adaptable to changing priorities and fast-paced environments.
- Commitment to continuous improvement and professional development.
- Knowledge of retail and wholesale industry practices.
- Proven track record of achieving cost-saving initiatives.
Skills
- Proficiency in financial analysis and reporting.
- Strong knowledge of budgeting and forecasting techniques.
- Experience with cost control methodologies.
- Familiarity with accounting software and ERP systems.
- Excellent Excel skills for data analysis and reporting.
- Ability to interpret financial data and trends.
- Strong negotiation skills for supplier contracts.
- Effective communication skills for cross-department collaboration.