Finance Executive Cost Controls Executive

Accor; Udaipur District; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

Fairmont Udaipur Palace seeks a Finance Executive (Cost Controls) to design and manage cost control strategies, driving efficiency and profitability. You will partner with cross-functional teams to identify savings, analyze spending patterns, and ensure adherence to budgets and financial controls in a luxury hospitality setting.

The role requires advanced costing skills, ERP proficiency, and strong communication to present findings to senior leadership.

Qualifications

• Graduate with finance background and relevant certifications.
• Minimum 5+ years in cost accounting, cost control or financial analysis.
• Strong modeling, budgeting and forecasting capabilities.

Responsibilities

• Develop and implement cost control policies across the organization.
• Conduct detailed cost and variance analyses against budgets.
• Monitor operating expenses, capex and overhead costs continually.
• Prepare cost reports and dashboards for senior management.
• Identify cost reduction opportunities and drive process improvements.
• Collaborate with department heads to establish budgets and targets.
• Ensure compliance with financial controls and regulatory requirements.
• Lead cost control projects to achieve savings and efficiency gains.
• Maintain cost accounting records and document financial data.
• Participate in budget cycles with cost forecasting analysis.
• Communicate findings and recommendations through presentations.

Skills

Cost accounting

Cost control

Financial analysis

Budgeting

Forecasting

Variance analysis

ERP systems

Advanced Excel

Data analysis

Communication

Presentation

Project management

Education

Finance degree

Tools

ERP systems

Business intelligence tools

Job description

Job Description:

Company Description

Your Fairmont Journey Starts Here:

Are you asomeonewith a passion for excellence and a flair for exceptional hospitality? Fairmont Udaipur Palace invites you to embark on an unforgettable journey of luxury and join our pre-opening team.

Do what you love, care for the world, dare to challenge the status quo!#BELIMITLESS

Job Description

We are seeking a detail-oriented and analytical Finance Executive (Cost Controls Executive) to join our organization in Udaipur, India. In this role, you will be responsible for developing, implementing, and managing comprehensive cost control strategies that drive operational efficiency and financial performance. You will work closely with cross-functional teams to identify cost reduction opportunities, analyze spending patterns, and ensure adherence to budgetary guidelines while maintaining organizational profitability.

• Develop and implement cost control policies, procedures, and frameworks across the organization
• Conduct detailed cost analysis and variance analysis to identify deviations from budgeted targets
• Monitor and track operational expenses, capital expenditures, and overhead costs on an ongoing basis
• Prepare comprehensive cost reports and financial dashboards for senior management review
• Identify and evaluate cost reduction opportunities through process improvement initiatives
• Collaborate with department heads and operational teams to establish realistic budgets and cost targets
• Analyze spending trends and provide actionable recommendations for cost optimization
• Ensure compliance with financial controls, internal policies, and regulatory requirements
• Lead cost control projects and initiatives to achieve targeted savings and efficiency improvements
• Maintain and update cost accounting records and financial documentation
• Participate in budget planning cycles and provide cost forecasting analysis
• Communicate cost control findings and recommendations to stakeholders through presentations and reports

Qualifications

• Graduate from Finance Domain.
• Proven experience in cost accounting, cost control, or financial analysis (minimum 5+ years)
• Strong proficiency in financial modeling and data analysis
• Advanced knowledge of budgeting, forecasting, and variance analysis methodologies
• Expertise in cost reduction initiatives and process optimization
• Proficiency with ERP systems and financial management software
• Advanced Excel skills with ability to create complex spreadsheets and financial models
• Knowledge of cost accounting principles and practices
• Strong analytical and problem-solving skill set
• Excellent communication and presentation abilities
• Project management experience with ability to manage multiple initiatives simultaneously
• Attention to detail and strong organizational skills
• Ability to work collaboratively with cross-functional teams
• Preferred: Experience with business intelligence tools and data visualization software
• Preferred: Familiarity with lean or Six Sigma cost optimization methodologies
• Preferred: Background in manufacturing, operations, or supply chain cost management

Additional Information

Our commitment to Diversity & Inclusion

We are an inclusive company, and our ambition is to attract, recruit and promote diverse talent.

Job-Category: Finance/Controlling

Job Type: Permanent

Job Schedule: Full-Time

Requirements: