Cost Controller

21c Museum Hotels; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A prestigious hotel in Abu Dhabi is seeking a Finance professional to manage and control costs effectively. The ideal candidate will have a Bachelor's degree in Accounting or Finance, alongside at least 3 years of experience in the hospitality sector. Responsibilities include monitoring inventories, preparing detailed financial reports, and collaborating with various departments to optimize costs. Candidates with strong analytical and interpersonal skills who are detail-oriented and service-minded are encouraged to apply.

Qualifications

• Minimum 3 years of relevant experience in the hotel industry.
• Strong working knowledge of Microsoft Outlook and Office.
• Good presentation and influencing skills.

Responsibilities

• Research, track, analyze, and control all costs in the hotel.
• Perform inventory checks and ensure receipt documentation.
• Prepare detailed F&B reports analyzing cost deviations.

Skills

Interpersonal skills

Attention to detail

Teamwork

Analytical skills

Communication

Education

Bachelor's Degree in Accounting, Finance, or related field

Tools

Microsoft Office

Future Log system

Job description

Company Description

Fairmont Bab Al Bahr is a 5-star Abu Dhabi beach resort with a stunning setting on Abu Dhabi Creek. Our luxurious urban hideaway offers unparalleled panoramas over the glittering white-marble minarets of iconic Sheikh Zayed Grand Mosque. Alongside exquisite restaurants and bars, Fairmont Abu Dhabi boasts 366 spacious rooms, suites, and a villa. Designed with discerning business and leisure guests in mind, our facilities include a private beach, pool, meeting rooms, and a magnificent ballroom for lavish celebrations.

Job Description

The position is responsible for researching, tracking, analyzing, and controlling all costs in the hotel. Responsibilities include reporting variances related to cost and inventory management, managing monthly inventory, monitoring receipts, and inventory.

Finance

• Ensure all import and export activities are accurately accounted for, with all approved documents in accordance with regulations.
• Implement policies and procedures in cost control and prepare cost reports as required by management.
• Perform inventory checks of all warehouses at the end of the month, reconciling balances with general ledgers.
• Ensure all goods entering and leaving warehouses are properly recorded with full supporting documents.
• Determine the standard cost consumption table for dishes and transfer the cost of hotel staff meals (employee meals).
• Research, track, analyze, and control all costs in the hotel to reduce expenses.
• Determine minimum and maximum stock levels, manage inventory systems, and ensure responsiveness of related departments.
• Perform daily and monthly F&B reconciliation through sales analysis reports from POS; explain inconsistent figures.
• Prepare detailed F&B reports analyzing deviations, trends in cost of goods sold ratio, rarely used items, breakage, and loss.
• Build working relationships with chefs, F&B managers, kitchen staff, and bartenders to optimize food and drink costs.
• Perform other duties as assigned by higher management with a high sense of responsibility.

Knowledge and Experience

• Bachelor's Degree in Accounting, Finance, or related field.
• Minimum of 3 years of relevant experience in the hotel industry.
• Strong working knowledge of Microsoft Outlook, Microsoft Office, MC, and Future Log system.
• Good interpersonal skills and ability to communicate with all levels of employees.
• Service-oriented with an eye for detail.
• Ability to work effectively and contribute as part of a team.
• Good presentation and influencing skills.