Assistant Cost Controller

SLS; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A hospitality company in Dubai is seeking a Cost Control Analyst to monitor expenditures, analyze variances, and help implement cost-saving strategies. The role requires strong attention to detail, knowledge of cost accounting, and the ability to communicate effectively with cross-functional teams. Candidates should be familiar with cost control systems and financial regulations in the hotel industry.

Qualifications

• Knowledge of cost accounting principles, including direct and indirect costs.
• Ability to analyze financial data to monitor costs effectively.
• Understanding of financial regulations for the hotel industry.
• High level of attention to detail to ensure accurate records.
• Strong interpersonal skills to communicate with department heads.

Responsibilities

• Review cost data to analyze variances and identify areas of concern.
• Monitor daily expenditures for the Food & Beverage department.
• Generate reports on departmental costs and cost control activities.
• Maintain accurate records of invoices and financial documents.
• Suggest and implement cost-saving strategies with department heads.

Skills

Knowledge of cost accounting principles

Strong attention to detail

Ability to manage multiple tasks

Interpersonal skills

Tools

Cost control systems

Hotel management software

Job description

Job Description

• Review cost data regularly, helping the Cost Controller analyze variances between actual and budgeted expenses. Identify areas of concern where costs are rising above expectations.
• Identify discrepancies in expenditures, report them to the Cost Controller, and assist in investigating the causes.
• Monitor daily expenditures for Food & Beverage department and ensure they align with the hotel’s budget.
• Help track and record inventory items for Food & Beverage department. Ensure accurate and up-to-date inventory data.
• Work with the purchasing department to ensure that inventory levels are adequate without overstocking, helping maintain cost-efficiency.
• Help generate daily, weekly, and monthly reports on departmental costs and cost control activities, ensuring they are accurate and submitted on time.
• Organize and maintain accurate records of invoices, purchase orders, receipts, and other financial documents required for audits and reporting.
• Assist in identifying areas where costs are exceeding budgeted amounts and report findings to the Cost Controller.
• Work with department heads and other staff to suggest and implement cost-saving strategies, such as improving operational efficiency.
• Help ensure that all procurement and cost-control activities follow the established financial policies, including approval processes and documentation requirements.
• Help ensure that the hotel’s cost control systems and software are properly maintained and updated.

Additional Information

• Knowledge of cost accounting principles, including how to track and allocate both direct and indirect costs. Understanding of how these costs impact the hotel’s profitability.
• Understanding how to analyze financial data to monitor costs effectively.
• Familiarity with cost control systems and hotel management software used to track expenses and manage budgets.
• Understanding of financial regulations and compliance requirements for the hotel industry. Ensuring that all financial and cost-related practices comply with local laws and internal policies.
• High level of attention to detail is required to ensure that records are accurate, purchases are documented properly, and inventories are correctly tracked.
• Ability to manage multiple tasks and deadlines, such as preparing reports and conducting audits, all while ensuring no oversight.
• Strong interpersonal skills to effectively communicate with department heads and staff. Ability to convey financial information to non-financial staff in a way that is understandable.