Cost Controller Fairmont The Red Sea📣 Job Ad

About Fairmont The Red Sea

Fairmont The Red Sea is an integral part of the groundbreaking Red Sea Project in Saudi Arabia, offering visitors access to nature-focused resorts. This destination, alongside Raffles The Red Sea, features 361 rooms, 11 distinct dining concepts including an overwater restaurant, and a comprehensive spa. The project aims to blend refined elegance and personalized service with the natural beauty and sustainability ethos of Red Sea Global, providing a curated haven for discerning travelers.

The Role of Cost Controller

Fairmont The Red Sea is seeking a detail-oriented and analytical Cost Controller to join its finance team in Umluj, Tabuk, Saudi Arabia. This full-time role involves managing and controlling costs across various departments, ensuring accurate financial reporting, and identifying opportunities for cost optimization. The Cost Controller will collaborate with departmental managers and senior finance leadership to maintain financial integrity and support strategic decision-making through comprehensive cost analysis and reporting.

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

• A minimum of 5-10 years of experience in a relevant cost control or finance role.
• Experience in pre-Opening stages is mandatory.
• Demonstrated experience in project coordination, scheduling, and document control during pre-Opening phases.

Required Skills and Attributes

• Strong understanding of Ultra-Luxury guest expectations and brand alignment.
• A proactive, anticipatory approach with a strong sense of ownership and accountability.
• Impeccable grooming and personal presentation aligned with Luxury standards.
• Analytical mindset with strong attention to detail and problem-solving abilities.

Work Environment and Location

This full-time position is based in Umluj, Tabuk, Saudi Arabia, within the dynamic environment of Fairmont The Red Sea. The role offers an opportunity to contribute to the financial success of a new luxury resort within a significant regional development project.