Cost Controller

Red Sea Global Hospitality; Saudi Arabia; On-site; SAR 40,000 - 80,000; Full time

Job summary

An innovative company is seeking a Cost Controller to optimize profitability through strategic financial planning and cost analysis. This role involves developing accurate budgets, monitoring expenditures, and implementing cost-saving initiatives while ensuring compliance with internal audits. The ideal candidate will have extensive experience in hospitality finance, advanced skills in ERP systems, and a passion for driving efficiency. Join a forward-thinking organization that values collaboration and offers exciting opportunities for professional growth and development in a supportive work environment.

Benefits

Health Insurance

Employee Recognition Programs

Daily Meals on Duty

Uniform Dry-Cleaning Services

Year-Round Social Events

Wellness Programs

Charity Drives

Sports Activities

Complimentary Nights

Professional Development Programs

Qualifications

• 5+ years of cost control experience in hospitality or FMCG.
• Expertise in ERP systems and advanced Excel for financial modeling.

Responsibilities

• Develop and monitor budgets with 98% accuracy.
• Lead Menu Engineering Meetings and analyze Cost of Sales.

Skills

Cost Control

Financial Analysis

Budget Management

ERP Systems

Advanced Excel

Inventory Management

Cost-Saving Initiatives

Education

Bachelor's degree in Finance or Accounting

CMA or CPA certification

Tools

SAP

BirchStreet

Power Query

Job description

Join Red Sea Global Hospitality and become part of a team leading the change in responsible development and regenerative tourism.

Job Title: Cost Controller

Department: Procurement

Reporting to: Finance Managers, Director of Procurement

About Us

Welcome to the next generation of hospitality excellence. At Red Sea Global Hospitality, we are committed to delivering exceptional guest experiences and creating an extraordinary work environment for our team members. Our ethos is deeply rooted in Respect, Responsibility, Passion, and Collaborationvalues that guide us in our pursuit of operational brilliance, innovative guest service, and sustainable practices. Joining us means you will be part of a forward-thinking, pioneering organization, shaping the future of luxury hospitality, and contributing to the elevation of the Red Sea Global brand.

The Role

As the Cost Controller, you will oversee financial planning, cost analysis, and budget compliance to optimize profitability across [hotels/resorts]. Drive data-driven decisions to mitigate risks, reduce waste, and align spending with strategic goals

Key Areas of Responsibilities

Please note that the responsibilities outlined below are not exhaustive. Red Sea Global Hospitality employees continuously innovate in caring for the needs of the business, their guests, and their colleagues. As the Cost Controller, you will need to:

Develop annual budgets and rolling forecasts with 98% accuracy, collaborating with department heads to align with operational targets.

Monitor daily/weekly spend against budgets, flagging variances exceeding 5% for corrective action.

Stock Supervision: Spot checks, requisitions, inventory you've got eyes on everything that moves, ensuring stock is tracked and discrepancies are investigated.

Month-End Mastermind: Inventory, accruals, transfers, etc. when the month comes to a close, you'll make sure all transactions are perfectly accounted for.

Oversee pricing strategies to maintain profitability

You'll lead Menu Engineering Meetings with the F&B team, dive into Cost of Sales analysis, and deliver daily, weekly, and monthly reports that help boost the bottom line.

Identify and implement cost-saving initiatives (e.g., energy efficiency, waste reduction), achieving 510% YOY savings in [F&B, utilities, labor].

Prepare monthly P&L reports, highlighting cost trends, risks, and savings opportunities for senior leadership.

Maintain real-time dashboards, tracking KPIs like cost per occupied room.

Lead internal audits, achieving 100% compliance with zero critical findings.

Train operations teams on cost-conscious practices, cutting unnecessary expenses.

Track and report carbon footprint metrics, supporting ESG goals through initiatives like energy-efficient equipment upgrades or zero-waste packaging.

Key Qualifications

Education and Experience:

Bachelor's degree in finance, Accounting, or related field. CMA, CPA, or FP&A certification preferred.

5+ years of cost control experience in hospitality, manufacturing, or FMCG industries.

Expertise in ERP systems (SAP, BirchStreet), advanced Excel (Power Query, macros), and financial modeling.

Knowledge of inventory costing methods (FIFO, LIFO).

In Return, What We Offer

Exciting opportunities for personal and professional development at all levels, featuring targeted development programs aimed at equipping you for your next career move. Competitive compensation package. Access to exclusive perks, complimentary nights, and benefits within Red Sea Global Hospitality. Health Insurance coverage whilst in service. A supportive and inclusive work environment that values diversity and collaboration. Employee Recognition Programmes. Daily meals on duty and uniform dry-cleaning services. Year-round events of social, wellness programs, charity drives, and sports activities.

Accessibility and Adjustments

We welcome all applicants and are keen to ensure our employees reflect the diversity of the Kingdom of Saudi Arabia and the communities we serve. We are committed to providing reasonable adjustments throughout our recruitment process and we'll always endeavor to be as accommodating as possible. If you would like to discuss any specific requirements, please get in touch with us.

Red Sea Global Hospitality is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage individuals from all backgrounds to apply.