Overview
AL Hokair group is a name that has been tied the world of hospitality and entertainment for decades. To many, it has become the first name that comes to mind when tourism in Saudi Arabia or the Arabian world are mentioned. The group was started in 1975 to invest in the sectors of entertainment and hospitality under the leadership of Sheikh Abdulmohsin AL Hokair.
Over five decades, the group's projects expanded to include 70 entertainment centers and 33 hotels spread in Saudi Arabia and United Arab Emirates. The group continues to develop its tourism investments to deliver the best of what top global companies offer by attracting expertise and establishing partnerships that enhance returns of investment and makes a difference in the fields of entertainment and hospitality.
Job Summary
As a Cost Controller, you will be responsible for overseeing and managing the company's overall cost control activities. You will work closely with the finance team, F&B Department and other departments to ensure that all business operations are cost-effective and in line with the company's budget. Your main goal will be to maximize profits and minimize expenses while maintaining the highest level of quality and efficiency.
Key Responsibilities
- Develop and implement cost control policies and procedures.
- Reviewing department requests, store requests, along with forecasted consumptions and maintaining stock level with needed minimum and maximum stock level.
- Issuing Daily flash cost report, and month end food & beverage reconciliation.
- Monitor and analyze financial data, Menu Engineering to identify areas of improvement and cost-saving opportunities.
- Review and approve all invoices and expenses to ensure accuracy and adherence to budget.
- Conduct regular audits and market survey to ensure compliance with company policies and procedures.
- Collaborate with department heads to develop and monitor budgets for their respective areas.
- Prepare accurate and timely financial reports and present them to management.
- Provide guidance and support to department heads in managing their budgets and identifying cost-saving measures.
- Participate in the preparation of annual budgets and provide input on cost projections.
- Identify and investigate any variances in budgeted vs. actual costs and provide recommendations for corrective actions.
- Keep up to date with industry trends and best practices in cost control.
Qualifications
- Bachelor's degree in Accounting, Finance or a related field.
- Minimum of 5 years of experience in a similar role, as F&B Cost Controller.
- Strong knowledge of accounting principles and cost control techniques.
- Excellent analytical and problem-solving skills.
- Experience with financial software, such as SAP, is a plus.
- Attention to detail and accuracy.
- Excellent communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Fluency in English, both written and verbal.
