Cost Control Executive

Job description / Role

Job Description:
The Cost Controller is responsible for monitoring, analysing, and controlling costs within the business to ensure efficient and profitable operations. This role involves tracking expenses, identifying cost-saving opportunities, and providing financial insights to support decision-making.

Key responsibilities:

Expense Tracking
• Assist in tracking and recording all expenses related to the organization's operations.
• Verify and reconcile invoices, receipts, and purchase orders.
• Maintain an accurate and up-to-date record of all financial transactions.

Cost Analysis
• Assist in analysing cost data to identify trends, discrepancies, and cost-saving opportunities.
• Prepare reports and presentations to communicate cost-related information to the cost controller.

Budget Support
• Assist in the development and management of annual budgets and forecasts.
• Help compile and organize data for budget preparation.
• Monitor actual expenditures against budgeted figures and provide explanations for variances.
• Work with department heads to set cost control targets and objectives.

Vendor and Supplier Relations
• Build and maintain strong relationships with vendors and suppliers.
• Negotiate favourable terms, pricing, and contracts with suppliers.
• Review supplier contracts and agreements for accuracy

Process Improvement
• Identify opportunities for cost reduction and process improvement.
• Assist in implementing cost-saving initiatives and efficiency measures.
• Monitor and evaluate the impact of process changes on costs and profitability.

Financial Reporting
• Prepare accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
• Assist in financial analysis to support decision-making.
• Ensure compliance with accounting standards and regulations.
• Maintain confidentiality of financial data and sensitive information.

Qualifications & Experience:
• Bachelor's degree in finance, accounting, business administration, or a related field. A master's degree or relevant certification (e.g., CMA, CPA) is a plus.
• Proven experience of minimum 3 years in cost control, financial analysis, or related roles within the Food and Beverage/Hotel/Restaurant/FMCG industry.
• Proficiency in financial modelling and data analysis tools
• Familiarity with accounting software and ERP systems.
• Strong organizational skills and the ability to manage multiple priorities.

About the Company

Quest Search & Selection is a specialist recruitment consultancy with over 20 years' experience in sourcing the world's best candidates for the global Retail, FMCG and Hospitality sectors.

With offices in the UK & Dubai, we have an international presence and a global reach. Our recruiters place candidates locally and internationally for a wide variety of roles focusing on the following areas:

Retail Buying & Merchandising, E-commerce & Digital, Food & Beverage, Hotels, Hospitality & Operations, Retail Stores & Operations, HR & Recruitment, Procurement, Supply Chain & Logistics, Sales & Marketing, Technical and New Product Development.

We work in partnership with our clients who range from famous international brands within the Retail, Restaurant, Hotel and Consumer products space. Our reputation is built on our in-depth understanding of the industry and our consultants' skill, knowledge and passion for their sectors.