Assistant Cost Controller

SLS; Dubai; On-site; AED 60,000 - 90,000; Full time

Job summary

A leading hotel in Dubai seeks a dedicated cost controller to manage expenditures effectively within the Food & Beverage department. This role requires attention to detail, knowledge of cost accounting, and strong analytical skills to ensure profitability while implementing cost-saving strategies. The successful candidate will work closely with department heads to enhance operational efficiency without compromising guest experience.

Qualifications

• Knowledge of cost accounting principles.
• Ability to monitor financial data.
• Strong attention to detail and time management.

Responsibilities

• Review and analyze cost data and variances.
• Monitor daily expenditures and inventory for the Food & Beverage department.
• Generate reports on departmental costs regularly.

Skills

Cost Accounting Principles

Financial Data Analysis

Cost Control Systems

Regulatory Compliance

Attention to Detail

Interpersonal Skills

Time Management

Cost-Saving Initiatives

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.

Qualifications

• 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.
• 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 don’t compromise the quality of service or guest experience.