Cost Control Officer

Main Purpose

The Cost Control Officer ensures accurate, consistent, and data-driven costing practices across organization. The role establishes a unified cost
framework, standardizes assumptions, and enhances visibility into cost drivers and operational inefficiencies. By implementing structured processes and
tools, the Cost Control Officer supports informed decision-making, competitive bidding, and sustainable financial performance within the company.

Accountabilities

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 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 dosing activities, including accruals md 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 improvement 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.

Operational

Ensure costing models include health and safety requirements such as PPE, training, and compliance costs,
Monitor cost implications of incident prevention, emergency preparedness, and response measures.
Track and validate environmental compliance costs (waste management, emissions sustainability initiatives).
Incorporate quality assurance, certification, and rework costs into standardized cost templates.
Report on cost drivers linked to service quality, customer satisfaction, and compliance with standards.
Support audits and inspections by providing accurate HSEQ related cost data.

Qualification

Bachelor's degree or Diploma in Quantity Surveying, Accounting, Finance, or a related discipline.

Professional certification, or active pursuit of one, such as CCP, CMA, CIMA, ACCA, CPA, or equivalent.