Cost Controller - Retail/FMCG/Online - CA (2-6 yrs)

We are seeking a Cost Controller to oversee financial planning, budgeting, and cost monitoring, ensuring alignment with our business objectives. This role includes analyzing expenses, identifying variances, and driving cost-saving initiatives. The candidate will work closely with teams to manage procurement and project costs, maintaining compliance with accounting standards, and contributing to operational efficiency and strategic decision-making.

Responsibilities

- Develop and implement cost control systems to monitor and analyze project expenses, ensuring alignment with budgets and financial objectives.

- Prepare detailed cost estimates, forecasts, and financial reports to support decision-making and optimize resource allocation.

- Collaborate with cross-functional teams to identify cost-saving opportunities and improve operational efficiency.

- Conduct variance analysis to identify discrepancies between actual and planned costs, and provide actionable recommendations for corrective measures.

- Establish and maintain processes for tracking inventory, procurement, and material costs, ensuring accurate and timely reporting.

- Ensure compliance with financial regulations, company policies, and accounting standards while managing cost control processes.

- Drive financial planning initiatives, including annual budgeting, project cost projections, and long-term financial strategies.

- Provide regular updates and insights to management on cost performance, key metrics, and financial risks.

- Utilize financial software and tools to streamline cost monitoring and reporting processes.

- Support audits and financial reviews by preparing and presenting cost-related data and documentation.

- Continuously evaluate and refine cost control methodologies to enhance accuracy and efficiency.

- Collaborate with vendors and suppliers to negotiate favorable terms and optimize procurement strategies.

Qualification

- A Qualified Chartered Accountant with experience in cost accounting and financial management.

- Proven experience in cost control, financial planning, or accounting, with a strong understanding of cost management principles.

- 2-6 Years of experience is preferred

- Proficiency in financial modeling, forecasting, and variance analysis.

- Excellent analytical and problem-solving skills, with the ability to interpret complex financial data.

- Strong organizational skills and attention to detail to ensure accuracy in reporting and compliance.

- Proactive mindset with a focus on continuous improvement and cost-saving initiatives.