Cost Control Officer
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Job summary
The Cost Control Officer is responsible for monitoring,analyzing,and controlling the organization's operational costs to ensure profitability and financial efficiency.The role involves overseeing inventory management, conducting cost analyses, verifying purchases and stock movements, performing audits, and ensuring compliance with Financial Control
Min Qualification:
HND
Experience Level:
Mid level
Experience Length:
3 years
Language Requirement:
English
Working Hours:
Full Time - 8 to 5
Applicant Location:
Nigeria
Job descriptions & requirements
Responsibilities:
- Monitor and control operational costs to ensure efficiency and profitability.
- Review, analyze, and report on cost variances, identifying areas for cost reduction and process improvement.
- Conduct regular stock counts and inventory audits to ensure the accuracy of records.
- Reconcile inventory balances and investigate discrepancies between physical stock and system records.
- Verify and monitor the costing of goods, materials, and services to ensure accuracy.
- Review purchase orders, invoices, goods received notes, and other supporting documents for compliance and accuracy.
- Prepare periodic cost control reports and provide management with insights and recommendations.
- Assist in the preparation of budgets, forecasts, and financial plans.
Requirements:
- Minimum HND in Accounting, Finance, Economics, Business Administration, or a related field.
- Minimum of 3 years of relevant experience in Cost Control, Finance, Audit, Inventory Management, or a related function.
- Strong understanding of cost control principles, inventory management, and financial analysis.
- Experience in conducting stock counts, reconciliations, audits, and variance analysis.
- Proficiency in Microsoft Office applications, particularly Excel, and familiarity with accounting or ERP systems.
- Ability to analyze financial and operational data and provide actionable recommendations.
- Knowledge of budgeting, forecasting, financial reporting, and internal control procedures.
- Strong analytical, problem-solving, and organizational skills.
- High level of accuracy and attention to detail.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
- Strong communication and interpersonal skills with the ability to collaborate across departments.
- Professional certifications such as ICAN, ACCA, ACA, or equivalent are an added advantage.
- Demonstrated integrity, accountability, and ability to maintain confidentiality.
- Good understanding of compliance requirements, policies, and best practices related to financial controls.
- Ability to prepare reports, monitor costs, and support management decision-making through accurate financial information.
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