Cost Controller
5 months ago
**Job Title**:Cost Controller
**Location**:Jeddah - BUL Factory, KSA
**Company Profile**:
Unilever Arabia has turnover of Euro 650m spanning 7 GCC countries of KSA, UAE, Kuwait, Bahrain, Oman, Qatar, and Yemen. There are two sourcing units across countries operating in a dynamic economic environment with cross sourcing from within and outside NAME countries. The business is geared to be agile given the dynamic and VUCA regulatory environment, needs to deliver higher return on investment across sites and follows a strong localization as well as WCM agenda.
At Unilever you are more than your job title, you are part of the world’s most successful, purpose-led business. Work with brands that are well-loved around the world, that improve the lives of our consumers and the communities around us.
Be part of the most successful purpose-led business in the world. Have the opportunity to see the true impact that you’re having in the work you do - every small thing counts.
**Job Scope**:
The Cost Controller is responsible for overseeing and managing all financial aspects related to the manufacturing process within the factory. This includes monitoring production costs, analyzing cost variances, budgeting, and providing recommendations to optimize cost-efficiency.
**Roles & Responsibilities**
**Cost Monitoring and Analysis**:
- Track and analyse all costs associated with the production process, including raw materials, labor, overhead, and other expenses.
- Identify cost variances and investigate discrepancies to ensure accurate cost allocation.
**Budgeting and Forecasting**:
- Develop and maintain manufacturing budgets in collaboration with other departments.
- Prepare forecasts and projections based on historical data and current trends to support decision-making.
**Inventory Management**:
- Monitor inventory levels and value, ensuring accuracy and timeliness of inventory reporting.
- Implement strategies to minimize carrying costs and optimize inventory turnover.
**Cost Reduction Initiatives**:
- Collaborate with cross-functional teams to identify and implement cost-saving opportunities.
- Suggest process improvements and efficiency enhancements to reduce production costs.
**Financial Reporting**:
- Prepare regular financial reports and performance analysis for management.
- Present cost-related information to senior management and stakeholders.
**Compliance and Control**:
- Ensure compliance with accounting standards and internal control procedures.
- Conduct periodic audits to verify cost data accuracy and integrity.
**Cross-Functional Collaboration**:
- Work closely with production, procurement, and finance teams to align cost control efforts with overall company objectives.
**Continuous Improvement**:
- Stay up-to-date with industry best practices and emerging trends in cost management.
- Implement continuous improvement initiatives to enhance cost control processes.
**Key Competencies & Skills**:
- Bachelor's degree in Accounting, Finance, or a related field (Master's degree or professional certifications like CMA, CPA, or CIMA may be preferred).
- 3-4 years of previous experience in cost accounting, manufacturing finance, or a related role.
- Strong analytical skills and attention to detail.
- Proficiency in financial software and Microsoft Excel.
- Knowledge of ERP systems is often required.
- Excellent communication and interpersonal skills.
- Problem-solving abilities and a proactive approach to cost management.
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