Cost Control
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Key skills for this role
About the Role
The Role Key Responsibilities: Monitor departmental budgets and conduct regular budget vs.
Key Skills for This Role
Full Job Posting
Key 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
- Partner with department heads on budget development and cost-conscious practices
- Train team members on cost control procedures
- Foster a collaborative, communicative, and ethical work environment
- Uphold ethical accounting standards
- Promote the company's wellness and sustainability culture
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
- Creative and resourceful problem-solver committed to self-development
- Positive, approachable, empathetic, and adaptable
- Strong work ethic, integrity, and guest service orientation
- About the company
- Red Sea Global (RSG) has been incorporated as a closed joint stock company, wholly owned by Saudi Arabias Public Investment Fund (PIF).
- The company has been established to develop and promote a new international luxury tourism destination that will set new standards for sustainable development and bring about the next-generation of luxury travel.
- The project was announced in July 2017 and is one of the three Giga Projects aimed at diversifying the Saudi economy in keeping with the Kingdoms 2030 Vision.
- The development will offer unprecedented investment options and provide visitors with the opportunity to explore the five untouched treasures of the west coast of Saudi Arabia; the archipelago of over 90 islands with stunning coral reefs, dormant volcanoes and untouched nature reserves.
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