Cost Control Analyst
Finance

Cost Control Analyst

Looking to hire your next Cost Control Analyst? Here’s a full job description template to use as a guide.

70000
yearly U.S. wage
28000
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

Vintti is a staffing agency that acts as an economic enabler. By connecting US-based SMBs, startups, and firms with top-tier Latin American talent, we drive growth on both sides of the equation. For US businesses, we offer access to a pool of highly skilled professionals at competitive rates, allowing for increased efficiency and scalability. For Latin American workers, we provide opportunities to engage with the US market, fostering professional development and economic advancement. Vintti stands at the intersection of global talent and American enterprise, facilitating partnerships that stimulate economic prosperity across borders.

Description

A Cost Control Analyst plays a crucial role in financial management by monitoring and analyzing the economic aspects of a company's operations. Responsible for evaluating budget expenditures, they ensure that costs remain within set limits and identify areas for potential cost savings. This role requires meticulous attention to detail and involves preparing detailed reports, forecasting financial performance, and collaborating with various departments to optimize budgets. By providing critical financial insights, Cost Control Analysts help organizations make informed decisions that align with their financial goals and operational strategies.

Requirements

- Bachelor's degree in finance, accounting, economics, or a related field.
- Minimum of 3-5 years of experience in cost control, financial analysis, or a related role.
- Proficiency in financial modeling and forecasting techniques.
- Strong analytical and problem-solving skills.
- Advanced knowledge of Microsoft Excel and other financial software.
- Experience with ERP systems and financial databases.
- Excellent attention to detail and accuracy.
- Strong written and verbal communication skills.
- Ability to work effectively in a team and independently.
- Knowledge of financial regulations and compliance requirements.
- Strong organizational and time-management skills.
- Ability to handle multiple projects simultaneously and meet deadlines.
- Experience in preparing financial statements and reports.
- Familiarity with cost control methodologies and best practices.
- Ability to provide training and support to junior staff.
- Excellent interpersonal skills and the ability to collaborate with various stakeholders.
- Experience in participating in budget planning and financial review meetings.
- Strong negotiation skills for liaising with suppliers and vendors.
- Willingness to learn and adapt to new cost control tools and technologies.
- Professional certification (e.g., CPA, CMA) is a plus.

Responsabilities

- Analyze cost reports and financial data to identify cost-saving opportunities.
- Monitor and evaluate project budgets and expenditures.
- Develop and maintain financial models for cost tracking and forecasting.
- Prepare cost variance analysis reports and provide insights to management.
- Collaborate with project managers to establish and maintain budgetary controls.
- Review purchase orders and invoices for accuracy and compliance with budget.
- Conduct trend analysis to identify potential cost overruns or savings opportunities.
- Assist in the preparation and analysis of financial statements and reports.
- Implement and improve cost control processes and procedures.
- Update and maintain accurate and detailed cost databases and records.
- Coordinate with the accounting team to ensure timely and accurate cost allocation.
- Participate in budget planning and financial review meetings.
- Generate ad-hoc financial reports as required to support decision-making.
- Provide recommendations to improve cost management and operational efficiency.
- Ensure compliance with financial policies, regulations, and best practices.
- Track and report on key performance indicators (KPIs) related to cost control.
- Support internal and external audits by providing necessary documentation and explanations.
- Liaise with suppliers and vendors to negotiate cost-effective contracts.
- Monitor ongoing projects to ensure costs remain within approved budgets.
- Provide training and support to junior staff on cost control methodologies and software tools.

Ideal Candidate

The ideal candidate for the role of Cost Control Analyst will possess a bachelor's degree in finance, accounting, economics, or a similarly relevant field, supplemented by a minimum of 3-5 years of proven experience in cost control, financial analysis, or a related discipline. They will be exceptionally proficient in financial modeling and forecasting techniques, supported by advanced knowledge of Microsoft Excel and other financial software, ERP systems, and financial databases. With strong analytical and problem-solving skills, the candidate must exhibit a meticulous attention to detail and an unparalleled level of accuracy. They will have excellent written and verbal communication skills, enabling them to effectively collaborate with various stakeholders, including project managers, suppliers, and vendors. Their strong organizational and time-management abilities will allow them to handle multiple projects simultaneously and meet tight deadlines. A team player with the ability to work independently, they will demonstrate a proactive, strategic mindset, and a commitment to continuous improvement and innovative solutions. Furthermore, their strong negotiation skills and resilience under pressure will facilitate successful cost-saving initiatives and adherence to budgets. The ideal candidate will also be adept at training and supporting junior staff with cost-control methodologies and software tools, maintaining a customer-focused attitude and upholding strong ethical standards. A professional certification such as CPA or CMA will be an added advantage, further validating their expertise and dedication to the field.

On a typical day, you will...

- Analyze cost reports and financial data to identify cost-saving opportunities.
- Monitor and evaluate project budgets and expenditures.
- Develop and maintain financial models for cost tracking and forecasting.
- Prepare cost variance analysis reports and provide insights to management.
- Collaborate with project managers to establish and maintain budgetary controls.
- Review purchase orders and invoices for accuracy and compliance with budget.
- Conduct trend analysis to identify potential cost overruns or savings opportunities.
- Assist in the preparation and analysis of financial statements and reports.
- Implement and improve cost control processes and procedures.
- Update and maintain accurate and detailed cost databases and records.
- Coordinate with the accounting team to ensure timely and accurate cost allocation.
- Participate in budget planning and financial review meetings.
- Generate ad-hoc financial reports as required to support decision-making.
- Provide recommendations to improve cost management and operational efficiency.
- Ensure compliance with financial policies, regulations, and best practices.
- Track and report on key performance indicators (KPIs) related to cost control.
- Support internal and external audits by providing necessary documentation and explanations.
- Liaise with suppliers and vendors to negotiate cost-effective contracts.
- Monitor ongoing projects to ensure costs remain within approved budgets.
- Provide training and support to junior staff on cost control methodologies and software tools.

What we are looking for

- Strong analytical mindset
- Detail-oriented
- Excellent problem-solving skills
- Superior organizational abilities
- High level of accuracy
- Effective communication skills
- Team player and independent worker
- Strong interpersonal skills
- Adaptable and willing to learn
- Time-management proficiency
- Proactive and strategic thinker
- Commitment to continuous improvement
- Customer-focused attitude
- Resilient and able to work under pressure
- Strong ethical standards
- Innovative and resourceful
- Self-motivated
- Ability to manage multiple priorities
- Strong negotiation skills

What you can expect (benefits)

- Competitive salary range
- Comprehensive health insurance (medical, dental, vision)
- Retirement savings plan with company match
- Paid time off (PTO) and holidays
- Flexible work hours and remote work options
- Performance-based bonuses and incentives
- Professional development and training opportunities
- Tuition reimbursement for continuing education
- Employee assistance program (EAP)
- Wellness programs and gym membership discounts
- Life insurance and disability coverage
- Employee recognition and rewards programs
- Friendly and collaborative work environment
- Opportunities for career advancement and growth
- Company-sponsored social events and team-building activities
- Access to cutting-edge financial tools and technologies
- Mentorship and leadership development programs
- Paid parental leave and family support benefits
- On-site amenities such as free snacks and beverages

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