COST AUDITOR JOB DESCRIPTION
The primary responsibility involves conducting daily audits of group Facilities invoices and quotes. Collaborating closely with the Cost Management Supervisor, a key role is played in ensuring compliance with budgets while actively seeking opportunities for cost reduction. Expertise in cost management, invoice auditing, and strong communication skills are crucial for optimizing value, fostering contractor relationships, and producing insightful audit reports for stakeholders.
An Overview of Cost Auditor Job Description Responsibilities and Qualifications
1. The Cost Auditor is responsible for day-to-day auditing of group Facilities invoices and quotes, collaborating with the Cost Management Supervisor to ensure compliance with budgets and identify cost reduction opportunities. With expertise in cost management, invoice auditing, and effective communication, the role focuses on optimizing value, maintaining contractor relationships, and generating periodic audit reports for stakeholders.
Cost Auditor Functions:
- Accountable for the day-to-day auditing of group Facilities invoices and quotes covering both reactive and capex contractor spend in-line with budgets.
- Supporting the Cost Management Supervisor to ensure audits are completed on both reactive and capex jobs for the Tier 1 contractors and the internal Helpdesks against schedule of rates, average equipment costs and time on site to drive best value and costs reduction opportunities.
- Supporting the Cost Management Supervisor, Retail Facilities Manager, Management Accounts and Procurement by generating periodic audit reports.
- Supporting the Cost Management Supervisor with developing and managing contractor relationships on invoicing, costs escalations and quotes.
- Supporting the Cost Management Supervisor by identifying costs reduction opportunities to drive best value for the Group.
- Day to day auditing & validating of all Facilities reactive and capex invoices ensuring they are in line schedule of rates, average equipment costs and time on site to drive best value and costs reduction opportunities.
- Auditing of PAH & V4P helpdesk POs ensuring they are in line with agreed processes and KPIs.
- Reporting results of audits to the Cost Management Supervisor and analysing the findings to identify costs reduction opportunities to drive best value for the Group.
- Conducting audits on all larger value jobs to ensuring they are in line schedule of rates, average equipment costs and time on site to drive best value and costs reduction opportunities.
Cost Auditor Education and Qualifications:
- Must have experience of working in a cost management or invoice team.
- Previous experience of auditing large volume contractor invoices and quotes.
- Experience in working within Facilities or Construction would be advantageous but is by no means essential.
- Effective data and cost management reporting.
- Analytical and appetite for continuous improvements.
- Ability to work with in-house invoice systems and competent in all elements of excel.
- Effective communicator with excellent contractor cost negotiation skills.
Job Description FAQs
What is a job description?
A job description is a document that defines the purpose of a position within an organization. It explains the responsibilities of the role, the expectations for employees, and how the position contributes to business operations or team objectives.
What does a job description typically include?
A job description typically includes the job title, department, role summary, key responsibilities, required qualifications, relevant experience, and essential skills. It may also outline reporting relationships, work environment details, and sometimes compensation or benefits information.
Why are job descriptions important?
Job descriptions clarify role expectations, support recruitment decisions, and help candidates determine whether their skills, experience, and career goals align with the position.
How do job descriptions help with hiring?
Job descriptions provide a framework for recruitment by defining the qualifications, skills, and experience needed for a role. Recruiters use them to structure job postings, screen applicants, and design interview questions.
When should a job description be updated?
A job description should be updated when responsibilities change, new tools or technologies are introduced, or organizational structures evolve. Many organizations review job descriptions periodically to keep them accurate and relevant.
Editorial Process
Lamwork content is developed through structured review of publicly available job postings and documented hiring trends.
Editorial operations are managed by Thanh Huyen, Managing Editor, with research direction and final oversight by Lam Nguyen, Founder & Editorial Lead. Content is periodically reviewed to reflect observable labor market changes.