Cost Controller

Destination Hotels; Abu Dhabi; On-site; AED 180,000 - 300,000; Full time

Job summary

Destination Hotels in the United Arab Emirates seeks a Cost Controller to manage operational costs and asset integrity within our hospitality operations. The role emphasizes asset safeguarding, cost reporting, budgeting support, and strict adherence to internal controls and company policies.

Responsibilities include overseeing cost analysis, inventory management, and financial reporting while aligning with Hyatt International's strategies and guest/owner expectations.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum 2-3 years of experience in Cost Control, Asset Management, Inventory Control.
• Experience and strong knowledge of cost accounting principles, budgeting, forecasting, variance analysis and financial reporting.
• Proven experience in maintaining and administering fixed asset registers, including asset acquisition, tracking, depreciation, transfer, and disposal processes.
• Strong knowledge of asset lifecycle management, inventory control, and internal control procedures.
• Experience in conducting physical asset verification, asset audits, monitor asset tracking systems to ensure accountability and safeguard company assets, and reconciliation of asset records with financial statements.
• Advanced Microsoft Excel skills, including reporting, analysis, and reconciliation.
• Strong analytical and problem-solving skills with a high level of accuracy and attention to detail.
• Excellent organizational skills and the ability to manage multiple asset-related projects simultaneously.
• Experience in large-scale hospitality operations is preferred.

Responsibilities

• The Cost Controller is responsible for monitoring, analyzing, and controlling operational costs to ensure efficient resource utilization and achievement of the organization's financial objectives.
• The role oversees cost reporting, budgeting support, inventory management, and financial controls, while placing a strong emphasis on asset management to ensure company assets are accurately recorded, safeguarded, and utilized effectively and in compliance with company policies, internal controls, and financial procedures.
• You will be responsible to assist with the efficient running of the department in line with Hyatt International's Corporate Strategies and brand standards, whilst meeting employee, guest and owner expectations.

Skills

Cost accounting

Budgeting & forecasting

Fixed asset management

Asset lifecycle management

Inventory control

Financial reporting

Excel advanced

Analytics

Attention to detail

Hospitality industry experience

Education

Bachelor's degree in Accounting or Finance

Tools

ERP systems

Job description

Summary

• The Cost Controller is responsible for monitoring, analyzing, and controlling operational costs to ensure efficient resource utilization and achievement of the organization's financial objectives.
• The role oversees cost reporting, budgeting support, inventory management, and financial controls, while placing a strong emphasis on asset management to ensure company assets are accurately recorded, safeguarded, and utilized effectively and in compliance with company policies, internal controls, and financial procedures.
• You will be responsible to assist with the efficient running of the department in line with Hyatt International's Corporate Strategies and brand standards, whilst meeting employee, guest and owner expectations.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.

• Minimum 2-3 years of experience in Cost Control, Asset Management, Inventory Control.

• Experience and strong knowledge of cost accounting principles, budgeting, forecasting, variance analysis and financial reporting.

• Proven experience in maintaining and administering fixed asset registers, including asset acquisition, tracking, depreciation, transfer, and disposal processes.

• Strong knowledge of asset lifecycle management, inventory control, and internal control procedures.

• Experience in conducting physical asset verification, asset audits, monitor asset tracking systems to ensure accountability and safeguard company assets, and reconciliation of asset records with financial statements.

• Advanced Microsoft Excel skills, including reporting, analysis, and reconciliation.

• Strong analytical and problem-solving skills with a high level of accuracy and attention to detail.

• Excellent organizational skills and the ability to manage multiple asset-related projects simultaneously.

• Experience in large-scale hospitality operations is preferred.