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, receiv...
Additional Information
The Role 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 companys 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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