Cost Management Job Description

Cost Management Job Description

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Cost management provides cost management services including invoice validation, cost forecasting and reporting, change management, close out administration, procurement management, earned value and value engineering.

Cost Management Duties & Responsibilities

To write an effective cost management job description, begin by listing detailed duties, responsibilities and expectations. We have included cost management job description templates that you can modify and use.

Sample responsibilities for this position include:

Performs financial analysis, on expenses and cost management projects
Builds excel models and drive analysis
Identifies key opportunities for cost savings initiatives through financial analysis, benchmarking and best practices
Coordinate with and negotiate/influence various clusters/functions to ensure submissions are made on time
Working with stakeholders, IT and Projects to deliver a new reporting suite covering both standardized reporting and business intelligence tools
Design, development and production of value add Management Information reports in both QLIKVIEW and BUSINESS OBJECTS
Provide input into requirements definition and documentation
Work with clients and end users to ensure their needs are documented and reporting suite developed meets their requirements
Accountable for timely, accurate and credible production of regular and ad-hoc MI reports and/or analytics
Carry out rationalization, standardization, centralization and control of value add MI reports

Cost Management Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Cost Management

List any licenses or certifications required by the position: PMP, CIMA, ACCA, BPM, GD&T, II, PRINCE, PMO, MBA, BS25999

Education for Cost Management

Typically a job would require a certain level of education.

Employers hiring for the cost management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Engineering, Economics, Management, Business/Administration, Surveying, Education, MBA

Skills for Cost Management

Desired skills for cost management include:

SAP
Contracting
Excel
Construction change order work process and supporting tools set
Cost information and data management
Forecasting
Standard procurement work process
Subcontracting of multi discipline projects in Oil& Gas and Chemical Sectors-
Both manufacturing principles and cost/performance related measurements
Financial analysis

Desired experience for cost management includes:

Support Function leads in the production and completion of cost reporting focusing on variances to forecast, STP and FTE positions
Power MHS experience
Execute control account management in accordance to PW EVMS monthly rhythm, including but not limited to
Support program reviews including but not limited to
Lead and manage a group of 3 Cost Management / 10 Claim Administration
Lead the Warranty Claim Adjusting group in the development and implementation of strategies in claim review to ensure compliance with the Audi Warranty Policies and Procedures

Cost Management Examples

1

Cost Management Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of cost management. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cost management
  • Completes deep dive analysis to understand the operational expenses and their drivers
  • Assists with the budget and forecasts requirements
  • Verifies cost management projects calculations
  • Performs variance analysis on cost management initiatives
  • Accurately and timely reports in a dashboard, CMP performance to key stakeholders
  • Provides cost management inputs, and support to the budget and forecast
  • Develops key cost management measures, metrics and cost drivers
  • Assists in developing future state cost management framework
  • 20% -Building a high performance team
  • You will be responsible for consolidating, reporting and analysis of T&O charges to Platforms ensuring T&O NIE is fully recovered
Qualifications for cost management
  • Lead the Warranty Helpline team in achieving our goal of being “easier to be in business with” by providing courteous, prompt and efficient services to the dealers and our field and corporate customers through warranty coaching and guidance
  • Lead the Certified Pre-Owed warranty implementation and administration
  • Monitor and control the goodwill budget by performing trend analysis and reporting of goodwill data to higher management and the field organization
  • Coach and counsel all AASM’s regarding best practice for goodwill decisions and expenses, by providing daily reports and customized coaching sessions through meetings, conference calls or emails
  • Participate in National Service Dealer Council meetings
  • Has regular contact with top management of business units, corporate executives, product vendors and contractor firms
2

Cost Management Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of cost management. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost management
  • Responsible for analysis of T&O allocation methodologies and rates ensuring they are well understood by Platforms, Finance and T&O Stakeholders
  • Identify, monitor, report and analyze key cost drivers, metrics and trends to provide proactive advice to T&O management, businesses and BU’s on cost management opportunities and success in achieving cost reduction targets
  • As a member of the Performance Management team, lead the Finance transformation initiatives and maintain a focus on continuous improvement
  • Collaborate with T&O and Functions partners to design, develop and implement approaches to improve transparency of costs allocations proactively improve the reporting capability within T&O Finance and financial systems
  • Support monthly cost and schedule reviews, identify pressures and opportunities and develop recover plans as required
  • Responsible for Earned Value tools including Deltek MPM, wInsight Analytics and Microsoft Project
  • Generate weekly and monthly reports and ad hoc reporting/analytical exercises
  • Develop custom tools including working with the user community to identify, standardize and streamline best practices, development of new automated tools to facilitate Program Planning & Control activities
  • Implement and deploy future software to replace and/or supplement tools in the current PP&C software suite
  • Develop and maintaining infrastructure for the PP&C community to include internal websites, SharePoint data repositories and information delivery channels
Qualifications for cost management
  • Control warranty expenses by selecting targeted high warranty cost claims for review, analyze and payment approval or denial
  • Define warranty training needs for dealership personnel
  • Proven knowledge of automotive industry environment
  • Understanding of Audi warranty systems with the ability to recommend improvements to reduce unnecessary warranty expenses
  • High degree of team management
  • Strong Dealership understanding
3

Cost Management Job Description

Job Description Example
Our growing company is looking to fill the role of cost management. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost management
  • Review all policies & procedures surrounding cost management & monitoring, employee travel, meals & entertainment, cell phones
  • Enhance the existing procedure for expense related activities to ensure they provide appropriate control measures and are consistent with the Head Office policies
  • Implement procedures for procurement process and responsibilities for accounts payable
  • Create expense budgets for each department and track/investigate any variances between budget & actual
  • Monitor expense budget to actual for total NY office and work on cost control measures
  • Quickly learn the systems used for expenses in order to effectively create reports to monitor expenses and reconcile expense systems to the general ledger
  • Create presentations in PowerPoint to share relevant expense monitoring information with the CFO and Senior Management
  • Ensure procedures for procurement are being followed and liaise with Procurement team to resolve issues in employee procurement requests
  • Monitor key performance indicators for Procurement Department
  • Review existing vendor agreements and identify any areas for negotiating a cost reduction
Qualifications for cost management
  • High School diploma (college degree preferred but not required) plus 2 or more years of related work experience
  • With at least 2 years of related working experience, preferably someone who is either familiar with management reporting or working on finance project
  • Strong Corporate understanding
  • Substantial financial management experience in broad managerial roles
  • Driving strategic cost reduction initiatives in, but not limited to, software, professional services, outsourcing services, contractor serves, non-income taxes and other non-compensation related expense areas
  • Partnering with the Sourcing and Vendor Management to successfully drive a portfolio of projects aimed at optimizing our spend with vendors
4

Cost Management Job Description

Job Description Example
Our company is growing rapidly and is hiring for a cost management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost management
  • Maintain an advanced working knowledge of SAP
  • Monitor costs of third party vendors
  • Reviewing and developing construction cost budgets for office renovation and computing labs
  • Comparing budget costs to benchmark pricing information, analyzing quantities and scope items assist in value engineering
  • Providing support and strategy during trade contractor procurement, while also participating in trade contractor interviews and the bid leveling process
  • Developing project unit pricing and labor rates
  • Support in the development and maintaining customers historical cost benchmark for project types
  • Seek and support costing improvement opportunities, be an active contributor to improvement projects and initiatives
  • Develop, control and ensure robust evaluations of capital investment ate suppliers (incl
  • Monitor and analyse exchange rate and commodities movements, and report and communicate routinely any major changes and impacts
Qualifications for cost management
  • Working with and successfully influence key stakeholders across the firm
  • Ensuring program implementation is being delivered on time, on budget, and with the committed results
  • Working with IT to implement required tool functionality, as necessary
  • Tracking and reporting program benefits and costs
  • Continuous communication of program status, key issues, open actions, and mitigation plans
  • Delivery of executive level updates to senior management
5

Cost Management Job Description

Job Description Example
Our company is growing rapidly and is looking for a cost management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cost management
  • Understand how CROs utilize their algorithms to determine resourcing, cost and assumptions at the functional level and by activity
  • Support Procurement and Clinical Trial Managers in verifying and challenging clinical study resourcing and cost estimates and assumptions at study and program levels
  • Compare the credibility and overall competitiveness of study assumptions and cost estimates for new study proposals with that of the industry, benchmarks and internal historical estimates
  • Identify trends around costs and assumptions across vendors and therapeutic areas
  • Facilitate change order issue management
  • Contribute to driving continuous improvement in resourcing and process efficiency in collaboration with strategic vendors, study teams, Procurement and Finance
  • Expert in utilizing internal systems such as Clear Trial and Grants Manager to help facilitate analysis of Study/Program early cost estimates
  • Develop a warehousing platform for clinical study assumptions and costs
  • Develop assumptions and cost criteria baselines for use during the study proposal review process
  • Aid Procurement in developing improved vendor bid grids
Qualifications for cost management
  • Bachelors degree in Quantity Surveying or closely related field required
  • Minimum 20 years’ experience in Quantity Surveying/ Cost Management, with at least 7 years in a leadership capacity
  • Member of the RICS/ HKIS or equivalent professional accreditation
  • Degree in Quantity Surveying or equivalent, Engineering or a minimum of 15 years equivalent industry experience with a primary focus on civil engineering and infrastructure
  • Membership of professional industry body is preferred
  • Solid experience at a Principal, Associate Director, or Senior Manager level

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