Cost Control Officer

Job Purpose

• Assist and complete cost control activities for the department to achieve corporate cost target by providing detailed cost models and allocation in accordance with established policies, procedures, instructions and targets.

Key Job Accountabilities - I

• Prepare and process SAP journal entries on behalf of cost centre owners to keep track of accruals for each project accordingly to ensure that all accruals, prepayments and advance payments in respect of the department contracts are paid and properly recorded.
• Maintain SAP cost object usage, master-data requests, review of SAP cost reports and process material journal entries to keep track of the expenditures.
• Coordinate cost related allocation principles, planning, and matrices with the cost centre owner prior to SAP processing to keep track of the costs and investigate any challenges.
• Provide cost-related planning templates, timeline, reports and analysis for review and reference.

Key Job Accountabilities - II

• Assist in developing appropriate pricing structure and estimates against each tender scope to comply with the relevant policies and procedures and ensuring retention and withholding tax matters are optimised.
• Initiate appropriate contract, purchase requisition, CWO and Service Entry documents prior to encoding in SAP to comply with business requirements.
• Assist with the preparation of the department budget, tracing and resolving any variances and coordinate budget discussions to deliver budget and forecast.
• Ensure costs are properly classified and that the Capitalization P&P is applied to keep and maintained expenditures within the approved budget and cost allocation.

Qualifications

• Bachelor’s degree in Accounting, Business, or Commerce.

Knowledge and/or Experience - I

• 5 years’ experience in a Finance department with demonstrated knowledge of financial systems.
• Familiarity with US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Technical and Business Skills - I

• Computer literacy including SAP.
• Advanced Level in MS Office Excel and BI.
• High level of analytical skills.
• Ability to work under pressure and in cross functional teams.
• Ability to conduct budgeting and cost control activities in compliance with Company P&Ps.