# Senior Cost Officer – Job Description

## Position Summary

The Senior Cost Officer is responsible for analyzing, monitoring, and controlling total costs within the organization. This role ensures financial integrity by maintaining accurate costing systems, supporting budget planning, and providing management with actionable cost insights to drive strategic decision-making and cost efficiency.

## Key Responsibilities

- **Cost Analysis & Reporting**

  - Conduct detailed cost analysis and provide accurate cost allocation across various departments.

  - Prepare and present comprehensive cost reports for management review.

  - Monitor and analyze cost variances, recommending corrective actions as needed.

- **Costing Systems & Procedures**

  - Develop, implement, and maintain costing systems, procedures, and policies.

  - Ensure compliance with financial regulations and internal policies.

- **Budgeting & Forecasting**

  - Assist in budget planning and financial forecasting activities.

  - Support the preparation of annual budgets and periodic forecasts.

- **Collaboration & Cost Optimization**

  - Collaborate with cross-functional teams to drive cost-saving initiatives.

  - Evaluate and optimize product pricing strategies.

- **Financial Integrity & Compliance**

  - Ensure the accuracy and integrity of cost data and financial records.

  - Support internal and external audits by providing necessary documentation.

- **Continuous Improvement**

  - Identify opportunities to improve cost control processes and financial efficiency.