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Become A Cost Controller

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Working As A Cost Controller

  • Interacting With Computers
  • Processing Information
  • Getting Information
  • Evaluating Information to Determine Compliance with Standards
  • Organizing, Planning, and Prioritizing Work
  • Mostly Sitting

  • Repetitive

  • $67,190

    Average Salary

What Does A Cost Controller Do At Stanley Black and Decker

* Partner with key stakeholders such as Global Operations Controller, Operations Finance and Supply Chain to maintain strong process and controls around product costing
* Support Commercial organization by identifying and communicating key drivers in product costing
* Working with Assistant Business Unit Controller, update the strategic priorities and annual goals and objectives for the Global Product Costing team
* Provide coaching and mentoring to less experienced team members; develop team succession plans
* Work with global leaders in operations, supply chain, IT, master data, commercial, and finance functions to identify and evaluate efficiency opportunities within the costing process
* Interpret corporate costing policies and design, develop and implement new business unit policies for product costing and valuation as needed
* Oversee development and maintenance of standard costs, including ownership of the Annual Cost Roll process and new product costing
* Ensure that all transactions are compliant with GAAP and Company policy
* Oversee monthly PPV analysis for centralized locations
* Update and execute multi-year plan to centralize product costing for all Distribution Centers and Manufacturing sites

What Does A Cost Controller Do At System One Services

* Provide cost analysis support per the director, manager of projects, project managers, contractors and other key team members.
* Develop and monitor budgets for transmission, industrial customer and distribution projects and programs.
* Assist with project accruals and forecasts in support of project managers.
* Identify project/program budget, forecast, and authorization issues early and develop resolutions to meet project metrics.
* Maintain financial reports and records to ensure compliance with annual internal and external audits.
* Monitor program financial risks and opportunities and provide detailed analysis of variances to budget, quarterly plan, and month over month variance analysis
* Bachelors degree and 5 years Cost Analysis experience (budgeting; forecasting; accruals etc).
* Utility or manufacturing experience preferred.
* Will only entertain candidates from the area.
* No per diem or relo provided.
* Must be able to pass a background screening
* Must be able to work in the US without sponsorship

What Does A Cost Controller Do At Fairmont

* Reporting to the Director of Finance, responsibilities and essential job functions include but are not limited to the following:
* Responsible for providing technical and operational guidance for planning, directing and monitoring hotel costs including F&B; costs and hotel labor productivity but not limited to data processing and cost analysis through the Hotel’s PMS, POS, Purchasing system and Watson labor management applications.
* Perform all duties and functions as the hotel Watson administrator
* Assist in the F&B; forecast process and month end closure process with the submission of monthly F&B; cost and analysis, hotel productivity and management of the hotel’s inventories
* Oversee and verify accuracy of physical inventory counts and valuations according to Corporate policy
* Assist the Culinary team in menu engineering and costing
* Perform profitability analysis
* Perform any other tasks required by the Director of Finance and General Manager
* Consistently offers professional, engaging and friendly service.
* Contribute to a fun, positive work environment for the Accounting Team and other colleagues.
* Be willing to work a flexible schedule as needed in order to complete all tasks before deadline.
* Weekend work will be required when necessary.
* Must be available to work the first and last day of each month.
* Employee Status

What Does A Cost Controller Do At MUFG Union Bank

* Collaborate with ISA Management and Finance to align annual budget and resource plans to strategic business priorities and manage the plan
* Translate ISA’s spending, consumption and capacity into meaningful perspectives for technology and business decision makers
* Drive the implementation of an enterprise wide technology business model that focuses on aligning technology to business value, optimized spend and drives accountability
* Support the development, implementation and ongoing execution of the IT Cost Management and Resource Planning Processes and Procedures
* ISA Space Management

What Does A Cost Controller Do At Seminole Gaming

* Hire, lead, guide, and mentor Cost Control staff in order to achieve successful results and maintain a strategic business partnership with the rest of the organization.
* Analyze food and beverage costs using sales and requisitions, and compare to optimal/theoretical costs.
* Ensures compliance with established internal cost control procedures by examining records, reports, operating practices, and documentation.
* Act as verification liaison between Receiving Department and Accounts Payable by auditing invoices to goods/services received in the inventory and purchasing system.
* Prepares special ad hoc control reports by collecting, analyzing, and summarizing operating information and trends from daily reports, inquiries and testing.
* Works with the departmental management team to address and follow up on any discrepancies identified through audits.
* Responsible during month end accounting close for reconciliation of inventory balance sheet accounts and maintaining correct costs in all non-gaming income statements
* Maintain item master list with correct G/L account mapping
* Analyze and cost out menu items at all F&B outlets and perform daily cost transfers among outlets.
* Prepare, review, and distribute daily cost report for all non-gaming revenue centers
* Prepare, review, and distribute weekly expense detail report for all department leaders
* Manage inventory counts and reconcile hard counts to inventory system and G/L.
* Maintain up-to-date recipes in inventory and purchasing system to track actual costs for each recipe
* Assist Retail and Spa operations with UPC code maintenance and Retail sales and inventory processes
* Oversee all archived company records and coordinate the timely destruction based on approved policy and procedures.
* Provide documents and explanations directly to internal and external auditors
* Contributes to team effort by accomplishing related results as needed.
* Position requires a bachelor’s degree in Finance or Accounting and a minimum of 5 years of accounting experience or equivalent combination of education and work experience.
* Excellent written and verbal communication skills.
* Strong use of Stratton
* Warren inventory and purchasing system
* Strong use of Microsoft Office including Excel, Word and Access.
* Microsoft SQL experience preferred
* Ability to obtain Tribal Gaming License and pass Title 31 test

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How To Become A Cost Controller

Most accountants and auditors need at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).  

Education

Most accountant and auditor positions require at least a bachelor’s degree in accounting or a related field. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.

A few universities and colleges offer specialized programs, such as a bachelor’s degree in internal auditing. In some cases, those with associate’s degrees, as well as bookkeepers and accounting clerks who meet the education and experience requirements set by their employers, get junior accounting positions and advance to accountant positions by showing their accounting skills on the job.

Many colleges help students gain practical experience through summer or part-time internships with public accounting or business firms.

Licenses, Certifications, and Registrations

Every accountant filing a report with the Securities and Exchange Commission (SEC) is required by law to be a Certified Public Accountant (CPA). Many other accountants choose to become a CPA to enhance their job prospects or to gain clients. Many employers will often pay the costs associated with the CPA exam.

CPAs are licensed by their state’s Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. Almost all states require CPA candidates to complete 150 semester hours of college coursework to be certified, which is 30 hours more than the usual 4-year bachelor’s degree. Many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.

A few states allow a number of years of public accounting experience to substitute for a college degree.

All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that they pass all four parts within 18 months of passing their first part.

Almost all states require CPAs to take continuing education to keep their license.

Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:

The Institute of Management Accountants offers the Certified Management Accountant (CMA) to applicants who complete a bachelor’s degree. Applicants must have worked at least 2 years in management accounting, pass a two-part exam, agree to meet continuing education requirements, and comply with standards of professional conduct. The exam covers areas such as financial statement analysis, working-capital policy, capital structure, valuation issues, and risk management. 

The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) to graduates from accredited colleges and universities who have worked for 2 years as internal auditors and have passed a four-part exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.

ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have 5 years of experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours can be substituted for up to 3 years of experience in information systems auditing, control, or security.

For accountants with a CPA, the AICPA offers the option to receive any or all of the Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications. The ABV requires a written exam, completion of at least six business valuation projects, and 75 hours of continuing education. The CITP requires 1,000 hours of business technology experience and 75 hours of continuing education. Candidates for the PFS also must complete a certain amount of work experience and continuing education, and pass a written exam.

Advancement

Some top executives and financial managers have a background in accounting, internal auditing, or finance.

Beginning public accountants often advance to positions with more responsibility in 1 or 2 years and to senior positions within another few years. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.

Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to accounting manager, chief cost accountant, budget director, or manager of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.

Public accountants, management accountants, and internal auditors can move from one aspect of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.

Important Qualities

Analytical skills. Accountants and auditors must be able to identify issues in documentation and suggest solutions. For example, public accountants use analytical skills in their work to minimize tax liability, and internal auditors use these skills to detect fraudulent use of funds.  

Communication skills. Accountants and auditors must be able to listen carefully to facts and concerns from clients, managers, and others. They must also be able to discuss the results of their work in both meetings and written reports.

Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documentation.

Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures, although complex math skills are not necessary.

Organizational skills. Strong organizational skills are important for accountants and auditors who often work with a range of financial documents for a variety of clients.

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Cost Controller jobs

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Real Cost Controller Salaries

Job Title Company Location Start Date Salary
Operations Manager-Project Cost Controller Metroworth Consulting LLC Katy, TX Dec 01, 2012 $263,066
Operations Manager-Project Cost Controller Metroworth Consulting LLC Katy, TX Dec 01, 2010 $192,839
Lead Estimator/Cost Controller Cheniere Energy, Inc. Houston, TX Jun 25, 2012 $140,000
Dept. Manager, Estimating, Scheduling, & Cost Control Chemic Engineers & Constructors, Inc. Hitchcock, TX Jan 03, 2015 $128,960
Senior Cost Controller JGC America, Inc. Houston, TX Aug 27, 2014 $120,000
Lead Specialist, Cost Control KBR, Inc. Freeport, TX Dec 21, 2015 $117,496
Manager, ERP Product Costing/Controlling Zoetis, Inc. Florham Park, NJ Apr 25, 2016 $111,488 -
$134,000
Manager, ERP Product Costing/Controlling Zoetis, Inc. Florham Park, NJ Apr 18, 2016 $97,700 -
$134,000
Cost Controller Wise Alloys, LLC Muscle Shoals, AL Sep 20, 2015 $90,000
Cost Controller Senior Seadrill Americas Inc. Houston, TX Oct 01, 2011 $87,000
Cost Controller Senior Seadrill Americas, Inc. Houston, TX Oct 01, 2011 $87,000
Project Cost Controller Linde Process Plants, Inc. Tulsa, OK Oct 07, 2013 $86,965 -
$90,000
Specialist-Cost Control KBR, Inc. Houston, TX Apr 12, 2012 $85,848
Specialist-Cost Control KBR, Inc. Houston, TX Jun 06, 2011 $84,000
Cost Control DGM Kasai North America, Inc. Murfreesboro, TN Jan 08, 2016 $82,722 -
$86,000
Cost Controller, Western Region Forsys Subsea Inc. Houston, TX Jan 01, 2016 $82,161
Cost Controller 2 Technip USA, Inc. Houston, TX Jan 10, 2014 $82,161
Cost Controller 2 Technip USA, Inc. Houston, TX Oct 01, 2014 $82,161
Cost Controller, Western Region Forsys Subsea, Inc. Houston, TX Sep 28, 2016 $82,161
Cost Controller Subsea 7 (Us), LLC Houston, TX Aug 28, 2015 $69,618 -
$80,000
Project Cost Controller Subsea 7 (Us), LLC Houston, TX Sep 08, 2016 $68,848 -
$80,000
Cost Controller Braun Development Group Inc. Los Angeles, CA Apr 04, 2011 $66,784
Cost Control Estimator JRM Construction Management, LLC New York, NY Sep 13, 2016 $66,477 -
$80,000
Cost Controller SBM Offshore USA, Inc. Houston, TX Aug 26, 2016 $66,144 -
$80,000
Food Cost Controller Cajun and Grill of America, Inc. Coral Gables, FL Feb 05, 2010 $64,843 -
$66,888
Cost Controller Future Detroit, MI Oct 28, 2014 $62,610
Cost Controller F.A. Systems Inc. Torrance, CA Jul 23, 2012 $62,610
Cost Controller Futurenet Group Inc. Detroit, MI Oct 28, 2014 $62,610
Hotel Cost Controller Mark Hotel LLC New York, NY Jan 02, 2015 $62,000

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Top Skills for A Cost Controller

FinancialStatementsPurchaseOrdersCostReportsProjectCostBeverageCostsInternalAuditPayrollScopeProjectManagementVarianceAnalysisCostAnalysisGeneralLedgerWBSFinancialDataSafetyPhysicalInventoryProjectControlsAdditionalA/PResource

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Top Cost Controller Skills

  1. Financial Statements
  2. Purchase Orders
  3. Cost Reports
You can check out examples of real life uses of top skills on resumes here:
  • Review business activity and accounts to support accurate and timely submission of financial statements.
  • Researched unpaid received purchase orders and contacted vendors for outstanding invoices or checks to be issued for credits.
  • COST REPORTS Follow up with operations on outstanding credit claims.
  • Monitored and analyzed project cost through design, construction and execution phases for multiple capital improvement projects.
  • Reconcile all food and beverage costs deviations between requisitioned costs and physical inventory cost on a monthly basis.

Top Cost Controller Employers

Cost Controller Videos

Controller/Comptroller, Career Video from drkit.org

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