Group Cost controller

Business Contribution:

The Cost Controller is responsible for

- Overseeing and managing the organization’s cost control and costing processes across a number of different countries/sites as the business is undergoing growth through globalization. This role involves analyzing financial data to ensure that standard costs align with actual costs, identifying variances, and providing actionable insights to improve financial performance. Collaboration with the Production and R&D departments is critical for effective costing and product development.

-Managing and analyzing the full cost structure of products, ensuring accurate costing, profitability analysis, and financial visibility throughout the production lifecycle.

Key Responsibilities:

1.    Product Costing, Cost Management & Analysis

• Develop, calculate, and update standard product costs across all product lines.
• Analyze variances between standard cost and actual cost (material, labor, overhead).
• Monitor cost trends and identify drivers impacting product profitability.
• Conduct comprehensive margin analysis at product, entity, and customer levels to identify trends, pricing gaps, and cost inefficiencies.
• Perform cost simulations, scenario modeling, and margin analysis for new and existing products.
• Prepare monthly, quarterly, and annual reports detailing cost variances and trends.
• Manage inventory costing and ensure accurate valuation of all inventory components; perform stock reconciliations and coordinate with relevant teams to resolve discrepancies
• Ensuring all costing data is current and kept up to date enabling analysis and decision-making based on real-time information

2.    Inventory & Manufacturing Cost Control

• Review and validate inventory valuation (raw materials, WIP, finished goods).
• Monitor production costs and manufacturing processes to ensure cost accuracy.
• Analyze production variances, scrap, rework, and inefficiencies and recommend improvements.

3.    Budgeting & Forecasting

• Support annual budgeting and periodic forecasting for COGS and manufacturing expenses.
• Provide input on cost estimates for new product development (NPD).
• Work with cross‑functional teams to ensure financial alignment in product lifecycle decisions.

4.    Financial Analysis:

• Prepare monthly cost reports, dashboards, and KPIs for management review.
• Conduct detailed analysis of manufacturing and operational costs.
• Evaluate cost structures and recommend improvements to enhance profitability.
• Ensure compliance with internal controls, accounting standards, and audit requirements.

5.    Cross‑Functional Collaboration

• Partner with Procurement on material cost tracking and supplier price updates.
• Collaborate with Operations/Production to improve cost transparency and reduce inefficiencies.
• Work closely with the Production team to gather data on material usage for accurate costing.
• Collaborate with the R&D department to assess the cost implications of new product developments and innovations.
• Provide financial insights to support decision-making in product design and operational efficiency.

6.    Continuous Improvement:

• Identify opportunities for cost reduction and efficiency improvements.
• Implement best practices in cost control processes.

Technical Expertise Required:

·      Knowledge of standard costing methodologies.

·      Familiarity with Oracle Netsuite systems.

·      Ability to work independently and as part of a team.

·      Attention to detail and accuracy.