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COST CONTROLLER SPECIALIST

RM 10,000 - RM 12,999 / Per Mon

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• Monitor and track all expenses related to the company's diesel supply and transportation operations. • Review financial statements, invoices, and expenditure reports regularly to identify cost trends and anomalies. • Collaborate with relevant departments to develop annual budgets and cost forecasts. • Manage and maintain budgetary controls, ensuring that expenses align with approved budgets. • Conduct in-depth cost analysis to identify areas of potential cost savings and cost overruns. • Prepare and present cost variance reports to management, highlighting significant discrepancies and proposing corrective actions. • Allocate costs to specific projects, departments, or cost centers accurately. • Implement and maintain an effective cost allocation system. • Work closely with procurement and supply chain teams to negotiate favorable pricing and terms with vendors and suppliers. • Evaluate supplier performance and cost-effectiveness regularly. • Identify inefficiencies in operational processes that contribute to increased costs. • Develop and implement process improvements and cost reduction initiatives. • Assess and mitigate financial risks related to cost management and budgeting. • Develop contingency plans for unexpected cost increases or budget shortfalls. • Ensure compliance with contract terms and conditions related to pricing, invoicing, and cost control. • Collaborate with legal and procurement teams to review and negotiate contracts. • Utilize data analysis tools and software to analyze cost-related data and trends. • Prepare regular reports and presentations for management, summarizing cost control measures and outcomes. • Educate and train employees on cost control best practices and the importance of cost-conscious behavior. • Foster a cost-aware culture within the organization. • Collaborate with sustainability teams to explore and implement environmentally friendly cost-saving measures. • Identify opportunities to improve energy efficiency and reduce environmental impact. • Conduct internal audits to ensure adherence to cost control policies and procedures. • Ensure compliance with financial regulations and accounting standards. • Assist in financial forecasting activities to anticipate future cost trends and potential financial challenges. • Develop and implement strategies for cost reduction while maintaining quality and safety standards. • Investigate cost-effective alternatives for materials, services