Cost Controller (Hotel / Resort) - #1124085

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 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. 

• 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