Cost Controller

Company Description

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.
• 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 in a relevant field 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
• Ability to work independently and collaboratively in a fast-paced environment
• Familiarity with Saudi Arabian financial regulations and practices (preferred)
• 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.