Cost Controller

Company Description

Introducing Raffles Al Areen Palace Bahrain, an extraordinary addition to Raffles Hotel's renowned portfolio. This ultra-luxury property offers a unique experience as "The Palace of the Secret Garden." With 78 private pool villas ranging from 1 to 3 bedrooms, Raffles Al Areen Palace Bahrain redefines luxury hospitality in Bahrain. Our spacious villas, starting from 400 sqm, feature private pools and jacuzzis, providing guests with ultimate relaxation and privacy. Our dedicated team of Raffles Legendary Butlers ensures exceptional service and attention to detail, creating unforgettable moments for each guest. Conveniently located just 40 minutes from the airport and 30 minutes from the City Center, Raffles Al Areen Palace Bahrain offers easy access to Exhibition World Bahrain, Bahrain International Circuit (BIC), and the Al Dana Amphitheater, making it an ideal choice for cultural, entertainment, and business destinations.

Job Description

• monitoring and analysing costs
• cooperating with project managers to help them meet budgeting goals
• writing reports and presenting information to key stakeholders
• developing and adjusting budgets
• researching to find opportunities to reduce expenses
• evaluating project requirements to provide vital resources, including financial and human resources
• communicating with suppliers to negotiate material costs
• optimising decommissioning procedures to minimise losses
• visiting and monitoring retail outlets to assess wastage and efficiency
• implementing accounting software and automating cost control systems
• developing financial reporting procedures and systems
• collaborating with project managers to create effective budgets
• calculating the variance between the budgeting plan and reality
• investigating unprofitable variances and losses
• developing cost-efficient solutions to implement changes
• Consistently offers professional, engaging and friendly service
• Manage the team for which you are responsible and ensure that they are trained and monitored to carry out the Company’s processes
• On daily basis, ensure security of the storage and receiving areas are under your control
• To provide HOD’s with accurate delivery note details in order to establish purchasing accruals at the end of the accounting periods
• To maintain department stock requirements, identifying shortages in advance and ensuring the order is placed
• To check, weigh, temperature probe and store all deliveries appropriately
• Ensure all credit notes are requested and received and delivery notes correspond correctly to orders with the correct pricing
• To check all storerooms are clean at all times
• To review purchase requisitions considering issues such as lead times, standardization, quantity discounts, and purchasing budgets
• Conduct market price surveys in coordination with HODs to ensure best pricing
• Other Duties as assigned
• To conduct quarterly OSE inventory and report the variances to the management
• To reconcile the cost of all officer and entertainment checks and apply credit to the respective departments.
• To audit prices and quantity variances as per daily Receiving Variance Report.