Job Expired

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Cost Control Manager

OVID Construction PLC

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Finance

Accounting

Addis Ababa

5 years

1 Position

2024-02-16

to

2024-02-26

Required Skills
Required skills have not yet been specified for this position this job
Fields of study

Accounting

Engineering and technology

Full Time

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Job Description

Ovid Real Estate Company is currently seeking qualified and enthusiastic individuals to join our dynamic team. We believe in fostering a collaborative and innovative work environment, and we invite you to explore the following exciting career opportunities:

Job Specifications: 

Cost Analysis:

  • Conduct regular cost analyses to identify areas for improvement.

  • Evaluate cost structures and propose strategies for optimization.

Budget Management:

  • Develop and manage the organization's budget in collaboration with finance.

  • Monitor budget performance and provide regular reports.

Variance Analysis:

  • Conduct variance analysis between budgeted and actual costs.

  • Investigate and report on significant variances.

Cost Reduction Strategies:

  • Identify and implement cost reduction initiatives without compromising quality.

  • Collaborate with relevant departments to achieve cost-saving targets.

Financial Reporting:

  • Prepare and present financial reports related to cost control.

  • Communicate financial information to key stakeholders.

Team Collaboration:

  • Work closely with departments across the organization to understand cost drivers.

  •   Collaborate with procurement, operations, and other teams to implement cost-effective strategies.

Risk Management:

  • Assess and mitigate risks associated with cost control.

  • Develop contingency plans for potential financial challenges.

Training and Development:

  • Provide training to team members and relevant staff on cost control best practices.

  • Foster a culture of cost-consciousness within the organization.

Continuous Improvement:

  • Identify opportunities for process improvement in cost control procedures.

  • Implement best practices to enhance overall efficiency.

Regulatory Compliance:

  • Ensure compliance with financial regulations and standards.

  • Stay informed about changes in accounting principles affecting cost control.

Vendor Negotiations:

  • Collaborate with procurement in negotiating favorable terms with vendors.

  • Assess vendor contracts for cost-effectiveness.

Technology Utilization:

  • Utilize technology for efficient cost tracking, reporting, and analysis.

  • Stay updated on advancements in cost management software.

Required Number: 1(One)

Job Requirements

Education:

  • Bachelor's Degree in Engineering.

  • Additional certifications in cost management or related disciplines are advantageous.

Experience:

  • Proven experience in cost control, financial analysis, or a related field.

  • Significant experience in a managerial or supervisory role.

  • Value engineering and finding similar items.

Analytical Skills:

  • Strong analytical and quantitative skills.

  • Ability to interpret financial data and identify cost-saving opportunities.

Financial Acumen:

  • In-depth understanding of financial principles, budgeting, and cost accounting.

  • Familiarity with financial reporting and analysis.

Communication Skills:

  • Excellent communication and interpersonal skills.

  • Ability to convey complex financial information to non-finance stakeholders.

Problem-Solving:

  • Effective problem-solving skills to address cost-related challenges.

  • Proactive approach to identifying and resolving potential cost issues.

Team Leadership:

  • Strong leadership and management skills.

  • Ability to lead and motivate a team towards achieving cost-related objectives.

Technology Proficiency:

  • Proficient in using financial software and tools.

  • Familiarity with Enterprise Resource Planning (ERP) systems is advantageous.

Project Management:

  • Experience in managing cost control projects.

  • Ability to coordinate and implement cost reduction initiatives.

Industry Knowledge:

  • Knowledge of industry trends and benchmarks related to cost control.

  • Stay updated on changes in regulations and market conditions affecting costs.

How to Apply

Interested and qualified applicants can apply through THIS LINK

Fields Of Study

Accounting

Engineering and technology

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