Analyst, Cost Management (Contractor)

Job Description

Analyst, Cost Management (Contractor)

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12+ months

The Cost Management Analyst is responsible for monitoring, analyzing, and managing institutional costs to ensure financial efficiency, compliance with regulatory requirements, and alignment with organizational policies.

• Act as the focal point for all cost-related matters within FN
• Responsible for the daily monitoring, tracking and periodic deliverables of the cost management section.
• Hold regular meetings with the Head of section and finance controlling manager to keep team informed about the progress on the cost management activities.
• Prepare annual financial cost management plan and model.
• Develop procedure for cost management function
• Contribute and coordinate to develop guidelines for cost planning and modelling.
• Develop seamless process from financial planning to annual cost budget and lead the preparation of Group consolidate budget / parent / subsidiary Cost Budget.
• Develop a holistic view of historical and forward-looking cost and inventories balances.
• Coordinate across budgeting, forecasting, and reporting activities and provide consistency review and quality check of the budget contain and reporting.
• Drive cross-functional alignment on cost objectives, assumptions, and performance expectations across FN stakeholders
• Provide financial planning, budgeting, and cost reporting to the Management Team (via the financial reporting and budget/forecasting sections) and other stakeholders.
• Support strategic decision-making through adhoc cost analysis and report as required
• Interact with other departments / sections in obtaining the necessary inputs for the cost budget preparation.
• Provide monthly cost analysis against budget, gap to potential and prepare monthly cost reporting
• Provide and perform inventories trends analysis and monthly KPI's
• Conduct monthly cost and inventories review meetings with key internal stakeholders and managers to challenge variances and provide gap analysis.
• Drive and monitor cash preservation exercise
• Coordinate internal and external benchmark exercise to identify cost management opportunities and gap to potential.