Cost Accountant

Millennium Al Barsha Hotel; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading hotel in Dubai seeks a skilled Cost Accountant to enhance its financial performance through rigorous cost tracking and analysis. The successful candidate will oversee financial statements preparation, ensure compliance, and implement cost-control measures while managing a team of accounting professionals. This role is vital for maintaining the hotel's financial integrity and achieving budgetary targets.

Qualifications

• Capable of analyzing financial data and preparing reports.
• Experience in budget compliance and cash flow management is essential.
• Strong knowledge of financial regulations and accounting standards required.

Responsibilities

• Oversee preparation of financial statements and ensure compliance.
• Manage day-to-day accounting activities and implement internal controls.
• Analyze financial performance, monitor budgetary targets, and manage cash flow.

Skills

Financial Analysis

Budget Management

Cost Control

Internal Controls

Cash Management

Tools

Accounting Software

Job description

As a Cost Accountant, you will be responsible for analyzing and tracking costs associated with the hotel's operations, including inventory, production, and overhead expenses. Your role will involve assessing cost efficiencies, budget compliance, and contributing to cost control measures to enhance our financial performance.

Key Job Responsibilities:

• Oversee the preparation of accurate and timely financial statements in accordance with accounting standards and company policies.
• Ensure compliance with financial regulations and reporting requirements.
• Assist in coordinating internal and external audits.
• Manage day-to-day accounting activities, including accounts payable, accounts receivable, and general ledger functions.
• Ensure the accuracy and completeness of financial records and transactions.
• Implement effective internal controls to safeguard financial data and assets.
• Assist in the budgeting and financial planning process.
• Analyze financial data to provide insights and recommendations for decision-making.
• Monitor financial performance against budgetary targets.
• Manage cash flow, optimize liquidity and funds availability for operational needs.
• Coordinate cash management activities, including bank reconciliations.
• Implement cost-control measures while maintaining service and quality standards.
• Participate in procurement processes, including vendor negotiations and contract management.
• Stay informed about accounting technology trends and recommend system improvements.
• Ensure the efficient use of accounting software and tools.
• Lead and mentor accounting colleagues, fostering a culture of excellence and continuous improvement.
• Provide training and development opportunities to enhance team capabilities.
• Operate in a safe and environmentally friendly manner, prioritizing guests' and colleagues' health and safety, as well as environmental conservation.
• Adhere to hotel environmental, health, and safety procedures and policies.