Cost Controller

Job Description Cost Controller - ( ACC0000A9 ) Description A Cost Controller manages the project costs. Cost Controllers' tasks include developing, controlling, planning, and forecasting the project's budget. They ensure that projects are completed within the approved budget and minimize deviations from it. Cost Controllers should understand total cost management concepts, budget distribution, and setting a cost limit. They should also know how to detect issues, analyze cost reports, and manage value. Being a Cost Controller also requires skills to effectively communicate the project's cost performance, concerns, and recovery plans to the project team. 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. Maintain vendor and service provider relationships. Remain acutely aware of market trends that could impact resource costs. 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. Understand the entire arc of the business and how productivity impacts profitability. Commit to maximizing efficiency at all levels without compromising quality. Develop and implement proactive solutions and cost-cutting measures. Present new strategies and assessments to stakeholders in a compelling fashion. Educate and persuade stakeholders to procure buy-in and cooperation. Roll out clear cost-saving programs with timelines and assessment goals. Evaluate project and conduct project cost / benefit analysis. Improve business cost-efficiency by reducing costs, or at least restricting the rate of growth.

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