Cost Controller - Nigel at Alstom

Job Purpose

• The primary focus of this position is to ensure effective cost management and timely business reporting.
• The specific emphasis of this role is the analysis of both Production and Non-Production Overheads and their allocations to the projects.
• The incumbent is responsible for the budgeting and forecasting of Labor costs of Gibela and the calculation of the recovery rates concerned with these costs.
• The cost controller should use their acumen to assist with resolving intercompany queries, internal & external audit queries as well as adhering to internal controls.

Performance Measurement:

• Cost Management (Budget vs. Actual) & Cost Saving Initiatives
• Timely and Accurate Reporting
• Management & Analysis of Labor Under/Over recoveries

Responsibilities

• Prepare detailed Budget vs Actual Variance analysis for MSA & TSSSA and communicate these management (cost center owners)
• Perform accurate Month-end reporting in accordance to set deadlines, this would include Central Reporting in Teranga, Cost Centre Reporting, FTE analysis and Labor Cost Reporting and any other reporting that flows directly from the Cost Controlling function.
• Allocate Production Overheads (POH) and Non-Production Overheads (NPOH) to the correct Projects and Cost Centres and ensure timely reporting of KATR in Teranga.
• Maintaining OH by function controlling ensuring that Central fees schemes application
• Approve Purchase Requisitions and ensure spending is aligned to Budget and Cash forecasting
• Responsible for preparing KATR annual operational budget for MSA & TSSSA and the rolling forecast.
• Prepare and provide in depth analysis of on recovery rates on labor and overhead per cost centre; assist in implementing (Full FI07)
• Become a business partner to heads of departments (Cost Center Owners) with regards to financial reporting and performance monitoring
• Solicit Commentary and solutions from Cost Centre Owners on divergences from the budget
• Become the Cost Saving Initiative Champion for finance, providing business with potential scenarios and analysis
• Ensure all internal control are implemented and complied with in the area of responsibility
• Assist the Business Controller with the budget preparation and monthly reporting
• Support, implement and monitor the GIBELA objectives as well as the MEA objectives
• Assist Business Controller in providing reconciliation between project books and local statutory books
• Ad hoc reporting upon special request.

JOB REQUIREMENTS

Business understanding and desired knowledge/experience

Minimum education required

• B.Com or an equivalent qualification

Minimum experience required

• 5 years’ experience in a similar industry.
• Computer literate – advanced working knowledge SAP and Excel
• Good understanding Teranga & Alista would be advantageous
• Clear understanding of the Accounting Reporting Framework
• Ability to work under pressure and effectively as part of a diverse team;
• Ability to communicate effectively across all levels, both verbally and in writing;
• Good Problem solving and people skills;

Closing Date: 22 September 2023