Cost Management Specialist
6 days ago
Job Summary
At BAAN Holding | بان القابضة, we are seeking a highly skilled Cost Controller to join our team. This role is responsible for monitoring and managing costs within the corporate hospitality sector.
- Key Responsibilities:
- Cost Analysis: Conduct detailed analysis of costs associated with hospitality operations, identifying trends and variances to inform strategic decisions.
- Budget Management: Assist in the preparation and management of departmental budgets, ensuring alignment with overall financial goals and objectives.
- Cost Control Measures: Develop and implement cost control procedures to monitor expenses and optimize resource utilization across operations.
- Reporting: Prepare and present regular cost reports to senior management, highlighting key performance indicators (KPIs) and areas for improvement.
- Inventory Management: Monitor inventory levels and usage, providing insights to minimize waste and ensure efficient stock management.
- Collaboration: Work closely with operational teams to provide guidance on cost management practices, ensuring adherence to financial targets.
- Variance Analysis: Analyze variances between actual and budgeted costs, providing explanations and recommendations for corrective actions.
- Forecasting: Assist in financial forecasting and planning processes, providing input on cost trends and potential impacts on profitability.
- Audit Support: Support internal and external audits by providing necessary documentation related to cost management and control processes.
Qualifications:
- Bachelor's degree in finance, accounting, hospitality management, or a related field.
- Master's degree or MBA preferred.
- Minimum 5 years of experience in cost control, financial analysis, or accounting, preferably within the hospitality sector.
- Previous experience in a similar role is advantageous.
- Proficiency in accounting software, cost control systems, and data analysis tools.
- Strong Microsoft Excel skills for financial modeling and reporting.
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