Cost Controller

SOFITEL; Saudi Arabia; On-site; SAR 90,000 - 130,000; Full time

Job summary

SOFITEL in Saudi Arabia seeks a Cost Controller to develop and implement cost control systems, analyze financial data, and prepare detailed cost reports for management. You will conduct regular inventory counts, monitor budget variances, collaborate with department heads to manage budgets, and assist in forecasting and long-term planning.

Strong Excel skills, familiarity with Opera, and CMA/CIMA certification preferred; fluent English is required; ability to work independently in a fast-paced

Qualifications

• Bachelor's degree in Accounting, Finance, or related field (Diploma may be considered with extensive experience).
• Proven experience in cost control, financial management, or similar role.
• Strong knowledge of accounting principles, practices, and financial analysis.
• Excel proficiency and familiarity with financial software and inventory systems (Futurelog, Opera).
• Excellent analytical, detail-oriented, and organizational skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Familiarity with Saudi Arabian financial regulations (preferred).
• Professional certification such as CMA or CIMA (preferred).

Responsibilities

• Develop and implement cost control systems and procedures to monitor expenses.
• Analyze financial data and prepare detailed cost reports.
• Conduct regular inventory counts and reconciliations.
• Monitor budget variances and recommend corrective actions.
• Collaborate with department heads to develop budgets.
• Prepare monthly, quarterly, and annual financial statements.
• Assist in the development and implementation of cost-saving initiatives.
• Maintain accurate and up-to-date financial records and documentation.
• Participate in forecasting and long-term financial planning processes.
• Provide training and guidance to staff on cost control procedures and best practices.

Skills

Cost control

Financial analysis

Attention to detail

Communication

Independence

Team collaboration

English fluency

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

Opera

Futurelog

Job description

Responsibilities

• Develop and implement cost control systems and procedures to monitor expenses and identify areas for improvement
• Analyze financial data
• prepare detailed cost reports and provide insights to management for decision-making
• Conduct regular inventory counts and reconciliations to maintain accurate stock levels
• Monitor and report on budget variances recommending corrective actions when necessary
• Collaborate with department heads to develop and manage departmental budgets
• Ensure compliance with company policies accounting standards and local regulations
• Prepare and review monthly quarterly and annual financial statements
• Assist in the development and implementation of cost-saving initiatives
• Maintain accurate and up-to-date financial records and documentation
• Participate in forecasting and long-term financial planning processes
• Conduct cost-benefit analyses for proposed projects or investments
• Provide training and guidance to staff on cost control procedures and best practices

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field (Diploma in a relevant field may be considered with extensive experience)
• Proven experience in cost control, financial management, or a similar role
• Strong knowledge of accounting principles, practices, and financial analysis
• Proficiency in Microsoft Office suite, particularly Excel
• Experience with financial management software and inventory systems (e.g., Futurelog, Opera)
• Excellent analytical and problem-solving skills
• Strong attention to detail and high level of accuracy
• Outstanding organizational and time management abilities
• Effective oral and written communication skills
• Ability to work independently and collaboratively in a fast-paced environment
• Familiarity with Saudi Arabian financial regulations and practices (preferred)
• Professional certification such as CMA or CIMA (preferred)
• Prior experience working with Opera or a related system
• Fluency in English, additional languages are a plus