Cost Controller

Raffles Hotels & Resorts; Saudi Arabia; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player in luxury hospitality is seeking a detail-oriented Cost Controller to enhance financial efficiency in their Jeddah location. This pivotal role involves developing cost control systems, analyzing financial data, and collaborating with department heads to manage budgets effectively. The ideal candidate will bring strong analytical skills and a solid background in financial management, contributing to the organization's commitment to excellence. Join a team that values precision and insight, ensuring the highest standards of service and operational success in a vibrant and dynamic environment.

Qualifications

• Proven experience in cost control or financial management.
• Strong knowledge of accounting principles and financial analysis.

Responsibilities

• Develop and implement cost control systems to monitor expenses.
• Analyze financial data and prepare detailed cost reports.
• Conduct regular inventory counts and maintain accurate stock levels.

Skills

Analytical Skills

Problem-Solving Skills

Attention to Detail

Communication Skills

Education

Bachelor's degree in Accounting

Diploma in a relevant field

Tools

Microsoft Office (Excel)

Futurelog

Opera

Job description

Company Description

Located adjacent to the residential tower, expert service and world-class luxury combine in the Raffles Hotel Jeddah, which is ready to welcome you and your guests at any moment. Here, the high standards, special touches, and trademark elegance of the Raffles brand are the ultimate compliment to the charm and beauty of a stay in Jeddah.

Job Description

We are seeking a detail-oriented and analytical Cost Controller to join our team in Jeddah, Saudi Arabia. As a Cost Controller, you will play a crucial role in managing and optimizing our organization's financial resources, ensuring efficient cost management across all departments.

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

Qualifications

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

Additional Information

Being a Raffles employee means embodying and conveying the brand and the company mindset through our Heartiest service culture.