Cost Controller

JOB PURPOSE:
1. Provide critical support to the Business Unit through monthly financial forecasting and annual budget planning.
2. Conduct analytical reviews to assess performance against strategic and financial targets.
3. Drive continuous performance enhancement across revenue generation, cost management, profitability, and cash flow optimization.
4. Act as a Subject Matter Expert (SME) involved in the ERP project implementation.
MAIN DUTIES:
1. Cost Accounting & Controlling
2. Financial Reporting & Analysis
3. Budgeting, Forecasting & Financial Planning
4. ERP Implementation & Process Improvement
KEY ACCOUNTABILITIES
1. Standard Costing Models
2. Cost Variance Reports
3. Accurate Inventory Valuation
4. Financial Reporting Packages
5. Cash Flow Forecasts and Analysis
6. Budgeting and Forecasting Outputs
7. ERP Costing Module Setup and Support
8. Process Improvement Documentation
JOB HOLDER REQUIREMENTS
1. Cost Accounting & Controlling
a. Develop, implement, and maintain standard costing models for products, materials, routings, and overheads across all manufacturing lines.
b. Lead the analysis of production cost variances, including material usage, labor efficiency, overhead absorption, and yield, providing root cause insights and recommending corrective actions.
c. Ensure accurate inventory valuation, including raw materials, work-in-process (WIP), and finished goods in accordance with accounting standards and internal policies.
d. Monitor and reconcile cost of goods sold (COGS), intercompany transfers, and inventory transactions on a monthly basis.
2. Financial Reporting & Analysis
a. Prepare monthly, quarterly, and year-end financial reporting packages, including product-level contribution margin, customer profitability, and manufacturing variances.
b. Collaborate with finance and operational teams to prepare scenario modeling, simulations, and ad-hoc financial analyses in support of business strategy.
c. Ensure accuracy, timeliness, and compliance of cost-related reporting for internal and external stakeholders (including audit and compliance teams).
d. Develop financial analysis to support cash flow management, including weekly cash flow forecasts and cash conversion cycle (CCC) analysis.
3. Budgeting, Forecasting & Financial Planning
a. Lead the annual budgeting and rolling cost forecasting processes by coordinating with operations, supply chain, and production planning teams.
b. Track actual vs. budgeted/forecasted costs, analyze deviations, and generate actionable insights to improve cost efficiency and financial performance.
c. Track CAPEX spending against approved budgets, forecasts, and feasibility benchmarks to ensure alignment and compliance.
d. Strengthen operational cash management from capital efficiency to optimized working capital processes.
e. Develop and maintain cost monitoring tools, dashboards, and templates for monthly financial reviews and cross-functional reporting.
4. ERP Implementation & Process Improvement
a. Serve as the costing workstream lead in ERP implementation or migration projects (SAP), ensuring proper setup of costing modules, cost groups, and data integrity.
b. Drive process improvements in cost control procedures, reporting accuracy, and system efficiency.
c. Provide guidance and functional support during ERP testing, go-live, and stabilization phases