Expense Management Professional
1 week ago
About Our Company
Rixos Hotels prides itself on providing exceptional experiences for its guests. Our team of professionals works tirelessly to ensure that every aspect of our resorts meets the highest standards of quality and excellence.
Job Summary
The Cost Controller plays a vital role in ensuring the financial health and stability of Rixos Premium Qetaifan Island North. This involves monitoring expenses, tracking inventory, analyzing financial data, and implementing cost-saving measures to optimize profitability.
- Develop and implement cost-saving initiatives to reduce operational costs and improve profitability.
- Collaborate with department heads to understand their financial needs and constraints and provide training and guidance on cost control measures.
- Work closely with the purchasing department to negotiate favorable supplier terms and ensure that all goods and services procured meet quality and budgetary standards.
- Maintain accurate documentation and records for all cost-related transactions and conduct periodic audits to check for discrepancies.
Key Responsibilities
- Monitor and analyze financial data to identify areas for cost reduction and implement effective cost-cutting initiatives.
- Supervise inventory procedures for F&B, general supplies, and operational equipment to ensure proper stock rotation and prevent wastage or overstocking.
- Implement systems for tracking, measuring, and reducing waste and prepare monthly cost control reports.
- Assist in preparing and monitoring department budgets and recommend financial strategies to optimize profitability.
Requirements
- Bachelor's degree in Accounting, Finance, Business Administration, or related field.
- Minimum 3 years of experience in cost control, preferably in the hospitality industry.
- Strong analytical and problem-solving skills, proficiency in financial software, and knowledge of hospitality inventory management systems.
- Excellent attention to detail and organizational skills, strong communication and negotiation abilities, and ability to work independently and collaboratively.
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