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Cost Control Executive | Scrabble

Posted on February 21, 2025

Job Description

Job Title: Cost Control Executive
Department: SCM
Reports To: SCM Head
Location: Ghatkopar, Mumbai
Job Summary:
We are seeking a meticulous and detail-oriented Cost Control Executive to join our
dynamic team. The successful candidate will play a crucial role in ensuring cost-
effectiveness and accuracy in all procurement activities. This role involves close
coordination with the procurement team and requires strong analytical and
communication skills.
Key Responsibilities:
• Purchase Order Review:
o Carefully review all Purchase Orders (POs) before they are sent to vendors,
ensuring accuracy of pricing, quantities, terms and conditions.
o Conduct thorough checks on all PO details, including item descriptions,
specifications, and delivery dates.
• Cost Comparison & Validation:
o Analyze and validate cost comparisons for different suppliers and materials.
o Identify potential cost-saving opportunities and recommend strategies for
cost reduction.
• Tax Invoice Verification:
o Review and verify all tax invoices received from vendors for accuracy and
compliance with applicable tax laws.
• Payment Documentation:
o Check all supporting documents required for vendor payments, including
invoices, delivery notes, and other relevant documentation.
o Identify and follow up on any missing or incomplete documents with relevant
stakeholders (e.g., vendors, logistics team).
• Data Analysis & Reporting:
o Track and analyze procurement costs and identify any cost variances.
o Prepare regular reports on procurement spending and cost trends.
• Process Improvement:
o Identify and implement process improvements to enhance procurement
efficiency and cost-effectiveness.
• Vendor Communication:
o Communicate effectively with vendors to resolve any discrepancies related
to pricing, invoicing, or payments.
Qualifications:
• Bachelor's degree in Commerce (B.Com), Accounting, or a related field.
• 5-8 years of experience in a cost control, finance, or procurement role.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Proficiency in Microsoft Excel (including pivot tables, VLOOKUP, etc.) and other
relevant software.
• Good communication and interpersonal skills.
• Ability to work independently and as part of a team.
Additional Requirements:
• ERP System Experience: Familiarity with ERP systems used in procurement and
finance is a strong plus.
• Knowledge of GST: In-depth understanding of GST laws and regulations.
• Experience in the battery or related industry: Preferred, but not mandatory.
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