Cost Control Officer

Cost Monitoring and Analysis: Monitor actual costs against budgets and forecasts, investigating and explaining variances. Prepare daily, weekly, and monthly cost reports for management and department heads. Analyze cost trends and identify cost-saving opportunities. Calculate and monitor key cost performance indicators and ratios. Purchasing and Supplier Control: Review purchase requisitions and purchase orders against approved budgets and delegated authority limits. Verify supplier invoices through three-way matching of purchase orders, goods received notes, and invoices. Monitor supplier pricing, compare quotations, and highlight significant price variances or increases. Inventory Control: Conduct and supervise periodic stock counts and reconcile physical stock with system records. Monitor stock levels, slow-moving inventory, wastage, and write-offs. Ensure compliance with receiving, storage, and issuing procedures. Budgeting and Reporting: Support the annual budgeting and periodic forecasting processes. Assist with month-end closing activities, including accruals and cost reconciliations. Maintain accurate cost records within the ERP and inventory management systems. Controls and Compliance: Ensure adherence to cost control policies and procedures and recommend process improvements where appropriate. Conduct spot checks and internal reviews of receiving, stores, and expenditure activities. Support internal and external audit requirements through the provision of documentation and analysis.