Cost Controller – Retail/FMCG/Online – CA

Pro Consult; Gurugram District; On-site; INR 600,000 - 1,000,000; Full time

Job summary

A financial services company in Gurugram seeks a Cost Controller to oversee financial planning, budgeting, and cost monitoring. The role involves analyzing expenses, managing procurement, and ensuring compliance with accounting standards, crucial for strategic decision-making. Ideal candidates are Chartered Accountants with 2-6 years of experience in cost accounting and financial management.

Qualifications

• Must be a Qualified Chartered Accountant with experience in cost accounting.
• Experience in financial management with strong cost management principles.
• 2-6 years of relevant experience is preferred.

Responsibilities

• Develop and implement cost control systems to monitor expenses.
• Prepare detailed cost estimates and financial reports for decision-making.
• Collaborate with teams to identify cost-saving opportunities.
• Conduct variance analysis to provide recommendations.

Skills

Cost accounting

Financial analysis

Budgeting

Analytical skills

Problem-solving

Education

Chartered Accountant qualification

Job description

Overview

We are seeking a Cost Controller to oversee financial planning, budgeting, and cost monitoring, ensuring alignment with our business objectives. This role includes analyzing expenses, identifying variances, and driving cost-saving initiatives. The candidate will work closely with teams to manage procurement and project costs, maintaining compliance with accounting standards, and contributing to operational efficiency and strategic decision-making.

Responsibilities

• Develop and implement cost control systems to monitor and analyze project expenses, ensuring alignment with budgets and financial objectives.
• Prepare detailed cost estimates, forecasts, and financial reports to support decision-making and optimize resource allocation.
• Collaborate with cross-functional teams to identify cost-saving opportunities and improve operational efficiency.
• Conduct variance analysis to identify discrepancies between actual and planned costs, and provide actionable recommendations for corrective measures.
• Establish and maintain processes for tracking inventory, procurement, and material costs, ensuring accurate and timely reporting.
• Ensure compliance with financial regulations, company policies, and accounting standards while managing cost control processes.
• Drive financial planning initiatives, including annual budgeting, project cost projections, and long-term financial strategies.
• Provide regular updates and insights to management on cost performance, key metrics, and financial risks.
• Utilize financial software and tools to streamline cost monitoring and reporting processes.
• Support audits and financial reviews by preparing and presenting cost-related data and documentation.
• Continuously evaluate and refine cost control methodologies to enhance accuracy and efficiency.
• Collaborate with vendors and suppliers to negotiate favorable terms and optimize procurement strategies.

Qualifications

• A Qualified Chartered Accountant with experience in cost accounting and financial management.
• Proven experience in cost control, financial planning, or accounting, with a strong understanding of cost management principles.
• 2-6 Years of experience is preferred
• Proficiency in financial modeling, forecasting, and variance analysis.
• Excellent analytical and problem-solving skills, with the ability to interpret complex financial data.
• Strong organizational skills and attention to detail to ensure accuracy in reporting and compliance.
• Proactive mindset with a focus on continuous improvement and cost-saving initiatives.