Cost Controller
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Main Duties and Responsibilities
We are seeking an accomplished Cost Controller to join our pre-opening team in Mandai Rainforest Resorts by Banyan Tree. As part of the pre-opening team, the incumbent will play a pivotal role in establishing and managing the financial setup for the Resort.
The Cost Controller will be responsible for establishing a robust financial foundation by setting up our accounting systems, ensuring financial compliance and ensuring all financial related matters are in-place from the get-go.
Key Responsibilities
- The incumbent will assist the Director of Finance in preparing regular financial reports, including actual performance, cost forecasts, and variance reports.
- Responsible for managing and analyzing the company's costs. This role involves developing and implementing strategies to optimize spending, identify cost-saving opportunities, and ensure financial compliance.
Cost Analysis:
- Conduct in-depth analysis of cost data to identify trends, variances, and potential areas for improvement.
- Prepare detailed cost reports and provide insights to management for decision-making.
- Develop and maintain cost control systems and procedures.
Budgeting:
- Assist in the preparation of annual budgets and forecasts.
- Monitor budget performance and identify variances, investigating and addressing any discrepancies.
Financial Reporting:
- Prepare and analyze financial reports, including profit and loss statements and balance sheets.
- Ensure accurate and timely reporting of financial information.
Cost Optimization:
- Identify and implement cost-saving initiatives, such as negotiating better terms with suppliers or optimizing resource utilization.
- Lead and participate in cross functional teams to develop and execute cost-saving initiatives.
Job Requirements
- Degree or Diploma in Accounting, Finance, Business Management, Economics or a related field.
- Solid track record of 4 to 6 years’ experience in a similar capacity, preferably in the hospitality industry. Pre-opening experience would be useful.
- Strong knowledge of cost structures, and financial challenges in resorts will be highly desirable
- Ability to interpret financial data, identify trends, and make informed recommendations
- Advanced skills in Microsoft excel, powerpoint and familiar with cost control methodologies with the ability to present financial information in a clear and concise manner
- Strong interpersonal skills to collaborate effectively with various departments
- Strong organizational and time management skills coupled with the ability to manage multiple tasks simultaneously
Job Types: Full-time, Permanent
Pay: $4,500.00 - $5,000.00 per month
Benefits:
- Employee discount
- Health insurance
- Parental leave
- Professional development
Work Location: In person