What are the responsibilities and job description for the Cost Control Specialist position at Samsung SDS?
Position Summary
The Cost Control Specialist supports the Finance department by ensuring accurate accounting and reporting of the company’s expenses & fixed assets. This role is responsible for maintaining the integrity of the fixed asset register, analyzing capital expenditures, and assisting with cost control initiatives. The specialist will provide accurate financial data to support decision-making, compliance with accounting standards, and alignment with corporate financial policies.
Role And Responsibilities
Cost Control & Analysis
Education:
The Cost Control Specialist supports the Finance department by ensuring accurate accounting and reporting of the company’s expenses & fixed assets. This role is responsible for maintaining the integrity of the fixed asset register, analyzing capital expenditures, and assisting with cost control initiatives. The specialist will provide accurate financial data to support decision-making, compliance with accounting standards, and alignment with corporate financial policies.
Role And Responsibilities
Cost Control & Analysis
- Collect, analyze, and report on cost data by cost center, department, and project.
- Assist in preparing cost variance analysis (budget vs. actual) with commentary for management.
- Support cost forecasting and budgeting activities, including identifying trends and cost-saving opportunities.
- Work with operations, supply chain, and other departments to monitor cost drivers and improve efficiency.
- Provide financial analysis to support capital investment proposals and business cases.
- Maintain and update the fixed asset register, ensuring accurate capitalization, depreciation, and disposals.
- Review and approve fixed asset purchases and ensure compliance with company policies.
- Track and reconcile capital expenditures (CAPEX) against approved budgets and Work Breakdown Structure (WBS) codes.
- Support fixed asset audits, physical verifications, and reconciliations with operations teams.
- Prepare fixed asset roll-forward schedules and assist with month-end and year-end close processes.
- Ensure compliance with corporate accounting policies, GAAP/IFRS, and internal controls related to asset management.
- Assist in month-end close activities related to costing and fixed assets.
- Prepare journal entries, reconciliations, and supporting documentation.
- Provide ad hoc analysis and reporting to management as needed.
- Support compliance with internal and external audits.
Education:
- Bachelor’s degree in Accounting, Finance, or a related field.
- 2-4 years of experience in fixed asset management/cost analysis or accounting, preferably in a manufacturing environment.
- Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and fixed asset management software.
- Advanced Excel skills (e.g., pivot tables, VLOOKUP, formulas).
- Knowledge: In-depth understanding of GAAP/IFRS related to fixed asset accounting and depreciation.
- Strong analytical skills, attention to detail, communication, organization, and ability to meet tight deadlines.
- Experience with cost analysis & control
- Experience with fixed asset management.
- Knowledge of manufacturing industry practices and workflows.
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