Reports to Senior Director Business Administration
Overall Job Purpose:
The Director of Cost Control is responsible for developing and overseeing the company's cost control systems, ensuring that the organization's financial health is optimized through efficient and effective management of costs. This role involves working closely with various departments to monitor, analyze, and control costs, implementing strategies to enhance cost efficiency and drive profitability.
Job Description:
- Lead project to develop, implement, and maintain cost control
- Propose systems or processes to monitor operational costs.
- Analyze financial data to identify cost-saving opportunities and recommend corrective actions.
- Conduct regular cost reviews, variance analyses, and performance evaluations to ensure alignment with budgeted goals
- Process cost reviews linked to regional cost-saving across departments, including Logistics, Operations to optimize the cost per TEU for the region.
- Established monthly cost reviews and support a quarterly advanced cost forecasts to proactively anticipate extra costs with operation team
- Identified and addressed cost deviations in coordination with Operations and Logistics departments.
- Focus on business controlling, not only by optimizing costs but also by generating additional revenues and improving performance, including monitoring initiatives linked to other services
- Raising alerts, anticipating risks, and providing ad hoc studies for new services/lines implementations, moving away from transactional tasks and creating value for the business.
- Contribute significantly to cost control and operational efficiency
- Provide ongoing support and control over the P2P process:
- Cost recovery (Trex system)
- 2nd Level of Invoice Control after being posted, controlled and paid by QSC or own offices using dashboard.
- Monitoring the percentage of control of invoices and lead projects related systems implementation
- Support procurement and operation activities by updating all the tariffs with our vendors system for following cost categories: Terminal cost, Logistics - Feeder and Empty costs.
- Define, review, and check standard cost
Qualifications & Experience:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field. A Master's degree or professional certification (e.g., CPA, CMA) is preferred.
- Mandatory Minimum of 8-10 years of experience in cost control, with at least 5 years in a leadership role.
- Proven track record in cost management, budgeting, and financial analysis.
Skills:
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
- Excellent communication and presentation skills, with the ability to convey financial concepts to non-financial stakeholders.
- Proficiency in financial software and tools, such as ERP systems, Excel, and cost management software.
- Strong leadership abilities, with experience in team management and development.
- Knowledge of industry-specific cost control practices and regulatory requirements.
Competencies:
- Strategic thinking and the ability to see the big picture while managing details.
- High level of integrity and ethical standards in financial management.
- Ability to work under pressure and meet tight deadlines.
- Collaborative mindset with strong interpersonal skills.
- Disclaimer - Recruitment Fraud Alert 2024
Caring for People
We have recently become aware of fraudulent recruitment activities in which individuals or entities misrepresent themselves as Hapag-Lloyd Middle East Shipping LLC or UASC Limited. They offer fake job opportunities and demand payments for handling recruitment fees, certifications, travel expenses, or visa applications. Please note that Hapag-Lloyd Middle East Shipping LLC or UASC Limited does not charge any fees during the recruitment process, and all communications regarding job offers will come from official company channels. Do not respond to such fraudulent solicitations. You will only be contacted by Hapag-Lloyd HR if you have applied for an open position on our website.
