Cost Control
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Key skills for this role
About the Role
Red Sea Global seeks a Cost Controller to monitor budgets, conduct variance analysis, and implement cost-saving strategies for a luxury resort development. The role involves overseeing purchasing, inventory audits, and supplier negotiations.
Key Skills for This Role
Responsibilities
- Monitor departmental budgets and conduct regular budget vs. actual variance analysis
- Identify cost drivers, inefficiencies, and implement cost saving strategies
- Prepare financial reports including cost variance and trend analysis
- Oversee purchasing, receiving, and stock control processes
- Conduct daily storeroom inspections (cleanliness, temperature logs, food safety, FIFO rotation)
- Perform regular inventory audits to minimize shrinkage and waste
- Negotiate competitive pricing and favorable terms with suppliers
- Review supplier contracts and evaluate vendor performance
- Ensure adherence to internal financial controls and local regulations
- Support internal and external audits with accurate documentation
- Provide financial insights and recommendations to the Head of Business Finance
- Maintain accurate expense records and cost allocations
Requirements
- BSc/BA in Accounting, Finance, or related field
- Prior experience in a Cost Controller or similar role, ideally in a 5 star resort or pre opening environment
- Proficiency in accounting/financial IT systems and multiple currency handling
- Strong understanding of accounting principles, budgeting, and cost analysis
- Skilled in financial management, budgeting, forecasting, and reporting
- Competent in audit, assurance, governance, risk, and internal controls
- Highly analytical with strong attention to detail
- Excellent time management and organizational skills
- Effective communicator and collaborative team player
- Knowledge of Saudi Arabian taxation
Full Job Posting
The Role
- Monitor departmental budgets and conduct regular budget vs. actual variance analysis
- Identify cost drivers, inefficiencies, and implement cost saving strategies
- Prepare financial reports including cost variance and trend analysis
- Oversee purchasing, receiving, and stock control processes
- Conduct daily storeroom inspections (cleanliness, temperature logs, food safety, FIFO rotation)
- Perform regular inventory audits to minimize shrinkage and waste
- Negotiate competitive pricing and favorable terms with suppliers
- Review supplier contracts and evaluate vendor performance
- Ensure adherence to internal financial controls and local regulations
- Support internal and external audits with accurate documentation
- Provide financial insights and recommendations to the Head of Business Finance
- Maintain accurate expense records and cost allocations
Requirements
- BSc/BA in Accounting, Finance, or related field (preferred)
- Prior experience in a Cost Controller or similar role, ideally in a 5 star resort or pre opening environment
- Experience working in Saudi Arabia preferred
- Knowledge of Saudi Arabian taxation
- Proficiency in accounting/financial IT systems and multiple currency handling
- Strong understanding of accounting principles, budgeting, and cost analysis
- Skilled in financial management, budgeting, forecasting, and reporting
- Competent in audit, assurance, governance, risk, and internal controls
- Highly analytical with strong attention to detail
- Excellent time management and organizational skills
- Effective communicator and collaborative team player
- Empowering leadership style with a strong sense of ownership and accountability
About the company
- Red Sea Global (RSG) is a closed joint stock company wholly owned by Saudi Arabia's Public Investment Fund (PIF).
- The company develops a new international luxury tourism destination setting new standards for sustainable development.
- The project is one of the three Giga Projects aimed at diversifying the Saudi economy in keeping with the Kingdom's 2030 Vision.
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