Cost Controller (Saudi National)

About SLS The Red Sea

Welcome to SLS The Red Sea, a groundbreaking destination where avant-garde creativity and unparalleled luxury converge. As part of Ennismore’s globally acclaimed lifestyle portfolio, SLS Hotels redefine hospitality through striking architectural design, elevated guest experiences, and dynamic social environments. Now proudly situated along the Red Sea coast, SLS The Red Sea stands as one of Saudi Arabia’s most visionary lifestyle resorts, offering an unmatched blend of indulgence, entertainment, and tranquility.

The resort features 150 meticulously designed guest rooms and suites, five distinctive Food & Beverage venues, and a world-class spa sanctuary. Each element is thoughtfully curated to deliver seamless luxury, from vibrant culinary experiences to moments of serene relaxation. More than a hotel, SLS The Red Sea is a vibrant hub where innovation thrives, individuality is celebrated, and bold ideas flourish. As we continue to expand our legacy, we invite passionate professionals to join our team and contribute to the evolution of this iconic destination. If you are committed to excellence, energized by lifestyle hospitality, and eager to be part of something truly extraordinary, this is your opportunity to write the next chapter of your career.

Position Overview

At SLS The Red Sea, precision is paramount — and fiscal responsibility is non-negotiable. As a Cost Controller, you will serve as a critical steward of financial integrity, ensuring that every riyal is allocated with purpose and every expense aligns with our commitment to delivering exceptional guest experiences. In this pivotal role, you will collaborate closely with Finance, Procurement, Food & Beverage, Culinary, and other operational teams to provide insightful cost analysis, implement robust financial controls, and drive continuous improvement across the resort.

Key Responsibilities

• Cost Monitoring & Analysis: Oversee daily expenses and cost trends across all hotel departments, with a primary focus on Food & Beverage operations, to ensure financial alignment with strategic objectives.
• Inventory & Consumption Oversight: Conduct thorough reviews of food and beverage costs, consumption patterns, wastage, and inventory movements to identify inefficiencies and opportunities for optimization.
• Inventory Audits & Controls: Perform regular audits of inventory, including stock counts, transfers, and spoilage reports, to maintain accuracy and accountability in cost tracking.
• Budget & Forecast Alignment: Compare actual expenditures against established budgets and forecasts, investigate variances, and recommend corrective actions to uphold financial discipline.
• Procurement Collaboration: Partner with the Procurement team to evaluate purchase prices, validate purchase orders, and analyze supplier-related cost data to secure favorable terms without compromising quality.
• Storeroom & Transfer Management: Review storeroom procedures, consumption records, and internal transfers to ensure precise cost allocation and adherence to financial protocols.
• Culinary & F&B Coordination: Work alongside Culinary and Food & Beverage teams to assess recipe costing, enforce portion control, and analyze menu profitability to enhance operational efficiency.
• Reporting & Documentation: Prepare comprehensive cost reports, including food cost, beverage cost, inventory movement, and other key operational indicators, to support data-driven decision-making.
• Process Improvement: Identify and implement strategies to reduce wastage, streamline operations, and strengthen cost-control frameworks across the resort.
• Month-End Support: Assist in month-end closing activities, including inventory valuation, journal entries, accruals, and reconciliations, to ensure timely and accurate financial reporting.
• Compliance & Documentation: Maintain meticulous, audit-ready records and supporting documentation to uphold hotel policies, internal controls, and Finance procedures.

Qualifications & Skills

• Bachelor’s degree in Accounting, Finance, or a related discipline from an accredited institution.
• Proven experience in Cost Control, Finance, or a comparable role, preferably within the hospitality or luxury service industry.
• Comprehensive understanding of cost accounting principles, inventory management, and Food & Beverage operations.
• Familiarity with hospitality management systems such as FMC, Adaco, FutureLog, Materials Control, Sun Systems, Opera, or Micros is highly advantageous.
• Advanced proficiency in Microsoft Excel, including data analysis, pivot tables, and financial modeling.
• Fluency in English, both written and verbal, with exceptional communication skills to liaise effectively across departments.
• Meticulous attention to detail and a commitment to accuracy in all financial reporting and analysis.
• Strong analytical and problem-solving abilities, with a keen eye for identifying cost variances and emerging trends.
• Excellent interpersonal and coordination skills, with the ability to collaborate seamlessly with cross-functional teams in a fast-paced environment.
• Demonstrated ability to meet deadlines, prioritize tasks, and thrive in a dynamic, high-energy hospitality setting.