Cost Controller – Hospitality Finance

About the role

Fairmont The Red Sea is looking for a detail‑oriented Cost Controller to join its finance team in Umluj, Saudi Arabia. The role will oversee cost management across multiple departments, ensure accurate reporting and support strategic decisions through thorough analysis.

Key responsibilities

• Monitor and analyse 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.
• Analyse operational data to support pricing strategies and profitability assessments.
• Assist in the preparation of annual budgets and financial projections.

Required profile

• 3–5 years of professional experience in cost accounting, financial control, or a related finance role.
• Proven experience managing departmental costs and budgets in a hospitality or similar service‑industry environment.
• Strong analytical and problem‑solving abilities with attention to detail.
• Excellent organizational, time‑management and communication skills.
• Ability to prepare accurate financial reports and present information to non‑financial stakeholders.

Required skills

• Microsoft Excel
• ERP systems
• Accounting software