Cost Controller Fairmont The Red Sea

About the Role

Fairmont Hotels & Resorts is seeking a Cost Controller for Fairmont The Red Sea. This full-time position is based in Umluj, Tabuk, Saudi Arabia, and requires 2-5 years of experience. The role involves managing and controlling costs across various departments, ensuring accurate financial reporting, and identifying opportunities for cost optimization.

Role Overview

The Cost Controller will work closely with departmental managers and senior finance leadership. This position is responsible for maintaining financial integrity and supporting strategic decision-making through comprehensive cost analysis and reporting within the finance team.

Key Responsibilities

• Monitor and analyze departmental costs and expenditures to identify variances and trends.
• Prepare and maintain detailed cost budgets and forecasts for assigned departments.
• Conduct variance analysis and provide explanations for budget deviations to management.
• Reconcile cost accounts and ensure accuracy of financial records and reports.
• Develop and implement cost control procedures and best practices across departments.
• Generate regular cost reports and financial statements for internal stakeholders.
• Collaborate with department heads to develop cost reduction initiatives and efficiency improvements.
• Maintain compliance with company financial policies and accounting standards.
• Analyze operational data to support pricing strategies and profitability assessments.
• Assist in the preparation of annual budgets and financial projections.
• Investigate cost anomalies and recommend corrective actions.
• Utilize accounting software and ERP systems to track and report on costs.

Qualifications and Experience

• 2-5 years of relevant experience.
• Experience in pre-Opening stages is required.
• Understanding of Ultra-Luxury guest expectations and brand alignment.
• Experience in project coordination, scheduling, and document control during pre-Opening stages.

Required Attributes

• A proactive, anticipatory approach with a strong sense of ownership and accountability.
• Impeccable grooming and personal presentation aligned with Luxury standards.

Work Location

This position is based in Umluj, Tabuk, Saudi Arabia.