Supervisor, Cost Control

21 hours ago

Riyadh, Saudi Arabia Al Ayuni Investment and Contracting Company Full time

The **Supervisor, Cost Control** is responsible for overseeing and optimizing the organization’s cost management processes. This role ensures accurate tracking, analysis, and reporting of costs while identifying opportunities for efficiency improvements and cost reductions. The supervisor leads a team of cost analysts and works closely with operations, procurement, and finance teams to maintain financial discipline and support business profitability.

**Key Responsibilities**:
**1. Cost Monitoring & Analysis**:

- Track, analyze, and report on direct and indirect costs across departments or projects.
- Identify cost variances, investigate root causes, and recommend corrective actions.
- Conduct regular cost audits to ensure accuracy and compliance with company policies.

**2. Budgeting & Forecasting**:

- Assist in the development of annual budgets and periodic forecasts related to operational costs.
- Compare actual expenditures against budgets and provide variance analysis reports.
- Work with department heads to align spending with financial targets.

**3. Process Improvement & Cost Optimization**:

- Identify inefficiencies in processes, materials, labor, or overhead costs and propose cost-saving initiatives.
- Implement cost control measures and monitor their effectiveness.
- Collaborate with procurement and operations to negotiate better pricing and reduce waste.

**4. Reporting & Compliance**:

- Prepare detailed cost reports for management, highlighting trends, risks, and opportunities.
- Ensure compliance with accounting standards (GAAP/IFRS), company policies, and regulatory requirements.
- Support internal and external audits with accurate cost documentation.

**5. Team Leadership & Collaboration**:

- Supervise and mentor a team of cost analysts, ensuring timely and accurate deliverables.
- Coordinate with cross-functional teams (Finance, Operations, Supply Chain) to align cost control strategies.
- Train staff on cost accounting principles, ERP systems, and analytical tools.

**Qualifications & Skills**:

- ** Education**: Bachelor’s degree in Finance, Accounting, Business, or related field.
- ** Experience**: 5+ years in cost control, cost accounting, or financial analysis, with 2+ years in a supervisory role.
- ** Certifications**: CMA (Certified Management Accountant), CPA, or similar credentials preferred.
- ** Technical Skills**:

- Advanced proficiency in Excel, ERP systems (e.g., SAP, Oracle), and cost accounting software.
- Strong financial modeling and data analysis skills.
- ** Soft Skills**: Analytical mindset, attention to detail, leadership, and communication skills.
- ** Industry Knowledge**: Experience in manufacturing, construction, logistics, or project-based industries is a plus.

**Work Environment**:

- ** Hybrid/On-site** (as per company policy).
- May require occasional overtime during month-end closing or audit periods.

**Performance Metrics**:

- ** Cost savings achieved** through process improvements or negotiations.
- ** Accuracy and timeliness** of cost reports and forecasts.
- ** Compliance rate** with financial policies and audit requirements.
- ** Team performance** (efficiency, development, and productivity).

**Additional Notes**:

- This role may require interaction with senior management to present cost-saving strategies.
- Industry-specific adjustments (e.g., project costing for construction, production costing for manufacturing) can be tailored as needed.

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