Finance Executive (Cost Controls Executive)

Your Fairmont Journey Starts Here:

Are you a someone with a passion for excellence and a flair for exceptional hospitality? Fairmont Udaipur Palace invites you to embark on an unforgettable journey of luxury and join our pre-opening team.

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We are seeking a detail-oriented and analytical Finance Executive (Cost Controls Executive) to join our organization in Udaipur, India. In this role, you will be responsible for developing, implementing, and managing comprehensive cost control strategies that drive operational efficiency and financial performance. You will work closely with cross-functional teams to identify cost reduction opportunities, analyze spending patterns, and ensure adherence to budgetary guidelines while maintaining organizational profitability.

Develop and implement cost control policies, procedures, and frameworks across the organization

Conduct detailed cost analysis and variance analysis to identify deviations from budgeted targets

Monitor and track operational expenses, capital expenditures, and overhead costs on an ongoing basis

Prepare comprehensive cost reports and financial dashboards for senior management review

Identify and evaluate cost reduction opportunities through process improvement initiatives

Collaborate with department heads and operational teams to establish realistic budgets and cost targets

Analyze spending trends and provide actionable recommendations for cost optimization

Ensure compliance with financial controls, internal policies, and regulatory requirements

Lead cost control projects and initiatives to achieve targeted savings and efficiency improvements

Maintain and update cost accounting records and financial documentation

Participate in budget planning cycles and provide cost forecasting analysis

Communicate cost control findings and recommendations to stakeholders through presentations and reports

Graduate from Finance Domain.

Proven experience in cost accounting, cost control, or financial analysis (minimum 5+ years)

Strong proficiency in financial modeling and data analysis

Advanced knowledge of budgeting, forecasting, and variance analysis methodologies

Expertise in cost reduction initiatives and process optimization

Proficiency with ERP systems and financial management software

Advanced Excel skills with ability to create complex spreadsheets and financial models

Knowledge of cost accounting principles and practices

Strong analytical and problem-solving skill set

Excellent communication and presentation abilities

Project management experience with ability to manage multiple initiatives simultaneously

Attention to detail and strong organizational skills

Ability to work collaboratively with cross-functional teams

Preferred: Experience with business intelligence tools and data visualization software

Preferred: Familiarity with lean or Six Sigma cost optimization methodologies

Preferred: Background in manufacturing, operations, or supply chain cost management

Our commitment to Diversity & Inclusion :

We are an inclusive company, and our ambition is to attract, recruit and promote diverse talent.