Assistant Cost Controller

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

Job summary

A leading company in the hospitality sector is looking for a full-time cost control professional. The ideal candidate will manage and analyze financial data related to the hotel's Food & Beverage department, ensuring expenditures align with budget expectations and assisting in reporting and compliance efforts. Strong analytical and interpersonal skills are essential to communicate effectively across departments and implement cost-saving strategies without compromising service quality.

Qualifications

• Knowledge of cost accounting principles to track costs and profitability.
• Ability to analyze financial data for effective cost monitoring.
• Familiarity with cost control systems in the hotel sector.

Responsibilities

• Review cost data to analyze variances and identify concerns.
• Monitor daily expenditures while ensuring budget compliance.
• Organize and maintain accurate financial records for reporting.

Skills

Cost accounting principles

Financial data analysis

Cost control systems

Attention to detail

Interpersonal skills

Adaptability

Tools

Hotel management software

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 hotels 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 hotels cost control systems and software are properly maintained and updated.

Qualifications :

• Knowledge of cost accounting principles including how to track and allocate both direct and indirect costs. Understanding of how these costs impact the hotels 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.
• Ability to adjust to changing circumstances such as fluctuations in demand operational changes or cost variations and adjust financial plans and reports accordingly.
• Ability to identify and implement cost-saving initiatives that dont compromise the quality of service or guest experience.

Remote Work :

No

Employment Type :

Full-time