Senior Cost Controller (F&B)

Independent Food; United Arab Emirates; On-site; AED 150,000 - 200,000; Full time

Job summary

A leading food distribution company in the UAE seeks a Cost Control Manager to analyze costs, assess vendor relationships, and enhance profitability. This role demands at least 5 years of experience in cost control within a diversified business group, alongside a Bachelor’s in finance and a relevant accounting qualification. Key responsibilities include collaborating with department heads to optimize profitability, implementing cost-saving programs, and ensuring compliance with financial standards, making this position crucial for operational efficiency.

Qualifications

• At least 5 years of professional experience in cost control, preferably in a Group company.
• Good knowledge of international accounting and financial reporting standards.

Responsibilities

• Collaborate with department heads to maximize profitability.
• Analyze costs and assess vendor relationships.
• Ensure compliance with financial reporting standards.

Skills

Management skills

Analytical skills

Time management

Problem solving skills

Decision making

Negotiation skills

Communication skills

Interpersonal skills

Education

Bachelor’s degree in finance

Professional accounting qualification (CA, CPA or equivalent)

Job description

Job Overview:

You will work collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability, with a deep commitment to the bottom line without compromising quality. You will be accountable for a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards.

Key Responsibilities:

• Work in conjunction with all department heads to ensure maximum profitability
• Provide critical assessment of all budgets and cost projections
• Assess all incoming products, resources, and services to ensure the best price
• Remain acutely aware of market trends that could impact resource costs and keep up to date on new vendors and possible cost cutting partnerships
• Analyze invoices to ensure correct products/services were received at the expected cost
• Collaborate with department heads to strategize ways to minimize waste
• Demonstrate a comprehensive understanding of the interdependency of cost drivers and understand the entire arc of the business and how productivity impacts profitability
• Develop and implement proactive solutions and cost-cutting measures Roll out clear cost-saving programs with timelines and assessment goals Implementing policies, guidelines to establish appropriate cost control practices for the company
• Preparation and maintenance of accurate schedules, compliant estimates, budgets for the project, maintain project cost and work, fund management & reporting.
• Forecasts and report to management on a regular basis.

Qualifications, Experiences, Skills:

Minimum Qualifications and Knowledge: A professional accounting qualification like CA, CPA or equivalent, with good knowledge of international accounting and financial reporting standards. Bachelor’s degree in finance is a requirement.

Minimum Experience (number of years): At least 5 years of professional experience working in cost control preferably in a Group company having diversified business.

Job-specific Skills: Management skills, Analytical skills, time management, problem solving skills, decision making, negotiation skills, application of international standards, Communication and interpersonal skills.

Competencies: Leadership, strategic thinking, attention to detail, customer service orientation, Proactive individual.