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Expense Reduction Expert

2 weeks ago

Jeddah, Makkah Province, Saudi Arabia Raffles Full time
Job Summary

Raffles is seeking a skilled Cost Controller to join our team in Jeddah, Saudi Arabia. The successful candidate will have a strong background in cost control and financial management, with excellent analytical and problem-solving skills.

Key Responsibilities:
  • Design and Implement Cost Control Systems: Develop and maintain effective cost control systems and procedures to monitor expenses and identify areas for improvement.
  • Financial Data Analysis and Reporting: Analyze financial data, prepare detailed cost reports, and provide insights to management for decision-making.
  • Inventory Management and Reconciliation: Conduct regular inventory counts and reconciliations to maintain accurate stock levels.
  • Budget Variance Monitoring and Reporting: Monitor and report on budget variances, recommending corrective actions when necessary.
  • Departmental Budgeting and Collaboration: Collaborate with department heads to develop and manage departmental budgets.
  • Compliance and Regulatory Affairs: Ensure compliance with company policies, accounting standards, and local regulations.
  • Financial Statement Preparation and Review: Prepare and review monthly, quarterly, and annual financial statements.
  • Cost-Saving Initiatives Development and Implementation: Assist in the development and implementation of cost-saving initiatives.
  • Financial Record Keeping and Maintenance: Maintain accurate and up-to-date financial records and documentation.
  • Long-Term Financial Planning and Forecasting: Participate in forecasting and long-term financial planning processes.
  • Cost-Benefit Analysis for Proposed Projects or Investments: Conduct cost-benefit analyses for proposed projects or investments.
Requirements and Qualifications
  • Education: Bachelor's degree in Accounting, Finance, or a related field (Diploma in a relevant field may be considered with extensive experience).
  • Experience: Proven experience in cost control, financial management, or a similar role.
  • Skills and Knowledge: Strong knowledge of accounting principles, practices, and financial analysis. Proficiency in Microsoft Office suite, particularly Excel. Experience with financial management software and inventory systems.
  • Soft Skills: Excellent analytical and problem-solving skills. Strong attention to detail and high level of accuracy. Outstanding organizational and time management abilities. Effective oral and written communication skills. Ability to work independently and collaboratively in a fast-paced environment.
  • Preferred Qualifications: Familiarity with Saudi Arabian financial regulations and practices. Professional certification such as CMA or CIMA.