Cost Controller

Job description / Role

If interested, please apply online.

Job Purpose

Responsible for the preparation and dissemination of internal and external financial MIS and reports through to assess the financial viability of various business options and monitor and control the costs impacting the business and various projects.

Main Accountabilities
Strategy
1. Assist the CFO in developing the cost control strategy in line with the Finance functional strategy to ensure vertical alignment and horizontal integration with other interfacing departmental strategies across the company
Management
2. Manage the effective achievement of the section objectives through the leadership of the Finance department – setting individual objectives, recruiting qualified staff, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal – in order to maximize subordinate and departmental performance
Budgets and Plans
3. Prepare and recommend the cost control budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified and potential areas of cost reduction or performance improvement opportunities are capitalized upon
4. Implement budget guidelines from corporate office
5. Consolidate departmental budgets and the operations budgets in a seamless manner
Cost Control
6. Monitor the costs on various company projects related to various overheads and highlight significant variances to the CFO for corrective action
Policies, Systems, Processes & Procedures
7. Recommend improvements to cost control policy and implement procedures and controls covering all areas of Costs and Budget activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service to customers.
Continuous Improvement
8. Contribute to the identification of opportunities for continuous improvement of Cost Control processes and practices taking into account ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.
MIS and Reports
9. Supervise the preparation of timely and accurate departmental MIS statements and reports of the company to meet company and department requirements, policies and standard
10. Prepare Power point graphs, charts and reports to present analysis on the financial and cost perspective of the budget.
Inter Company Reconciliation
11. Carry out reconciliation of all inter-company transactions in order to resolve all un-reconciled items to the satisfaction of shareholders
Certification
12. Organize internal records and documentation in order to obtain certification from different bodies e.g. Tax and Financial auditors as required
Transfer Pricing for Inter company transactions
13. Provide input to draft contracts on transfer pricing contracts
14. Manage the transfer pricing contracts in the operations stage jointly with commercial department
SAP
- Provide inputs for configuration of the financial module of SAP to build a customized Financial information system which meets company business needs
Risk Management
- Identify the risks in various contracts and report such risks in order to develop and recommend risk mitigation and control measures and actions

Requirements

Qualifications:
Graduate in Accounting or equivalent with a professional Accounting qualification e.g. ACA or ICMA
Knowledge of taxation and contract management

Sound knowledge of financial and accounting standards issued by the Accounting and Auditing Organization e.g. for Islamic Financial Institutions (AAOIFI), for International Financial Reporting Standards (IFRS) and IAS where applicable.

Experience:
10 to 12 years of financial cost accounting experience in relevant work experience preferably in a manufacturing industry with at least 5 years in a similar role

Skills:
Good financial and analytical skills, Ability to implement effective financial control measures, Computer skills, Attention to detail, Risk Management skills, Communication and reporting skills, Team building skills, Multi tasking, Ability to work under pressure

About the Company

The Adecco Group is the world’s leading talent advisory and solutions company. We proudly make a difference in the working lives of 3.5 million people every year. Our culture is entrepreneurial and inclusive, and we are united by our passion for making a difference in the world of work. We work with over 100,000 organizations in 60 countries, enabling their success. We have 35,000 people working with us across more than 60 countries and territories.

Adecco has been rapidly growing in the Middle East since 2008, developing a substantial footprint throughout the region. We work across 250 different clients, Adecco has more than 62 full time employees, working in 4 offices, servicing all countries across the GCC region. We offer Temporary Staffing, Permanent Placement, Executive Search, Assessments, Visa And Payroll, Outsourcing, PRO Solutions customised as per client requirements. Adecco Middle East Head Office is based in Dubai with a branch at Abu Dhabi.