Cost Control Specialist

Cost Control Specialist – Samsung SDS

Position Summary
The Cost Control Specialist supports the Finance department by ensuring accurate accounting and reporting of the company’s expenses and fixed assets. This role maintains the integrity of the fixed asset register, analyzes capital expenditures, and assists with cost control initiatives, providing accurate financial data to support decision‑making, compliance with accounting standards, and alignment with corporate financial policies.

• 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.

• 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).
• In‑depth understanding of GAAP/IFRS related to fixed asset accounting and depreciation.

• Strong analytical skills, attention to detail, communication, organization, and the ability to meet tight deadlines.

• Experience with cost analysis & control.
• Experience with fixed asset management.
• Knowledge of manufacturing industry practices and workflows.

Samsung Electronics America, Inc. and its subsidiaries are committed to employing a diverse workforce, and provide Equal Employment Opportunity for all individuals regardless of race, color, religion, gender, age, national origin, marital status, sexual orientation, gender identity, status as a protected veteran, genetic information, status as a qualified individual with a disability, or any other characteristic protected by law.