Cost Controller
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Key skills for this role
About the Role
Raffles Hotel Jeddah seeks a detail-oriented Cost Controller to manage financial resources and optimize cost management. Responsibilities include developing cost control systems, analyzing financial data, conducting inventory counts, and preparing reports.
Key Skills for This Role
Responsibilities
- Develop and implement cost control systems and procedures to monitor expenses
- Analyze financial data, prepare detailed cost reports, and provide insights to management
- Conduct regular inventory counts and reconciliations to maintain accurate stock levels
- Monitor and report on budget variances, recommending corrective actions
- 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
Requirements
- Bachelor's degree in Accounting, Finance, or a related field
- 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
Full Job Posting
Company Description
- Located adjacent to the residential tower, expert service and world class luxury combine in the Raffles Hotel Jeddah.
- The high standards, special touches, and trademark elegance of the Raffles brand are the ultimate compliment to a stay in Jeddah.
Job Description
- 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 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.
- Familiarity with Saudi Arabian financial regulations and practices (preferred).
- Professional certification such as CMA or CIMA (preferred).
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