Cost Controller

Fairmont Hotels & Resorts; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

Join a leading 5-star resort as a Cost Controller, responsible for managing costs and inventory to enhance efficiency. With a stunning backdrop, this position requires a Bachelor's in Accounting or Finance and at least 3 years of experience in the hotel industry. Ideal candidates will have strong analytical skills, attention to detail, and be service-oriented, working closely with chefs and F&B managers to optimize cost management.

Benefits

Employee discounts

Training and development opportunities

Qualifications

• Minimum of 3 years of relevant experience in the hotel industry.
• Strong working knowledge of Microsoft Office and related systems.
• Service-oriented with ability to work in a team.

Responsibilities

• Responsible for researching, tracking, analyzing, and controlling costs.
• Perform inventory checks, prepare cost reports, and manage monthly inventory.
• Build relationships with F&B managers and kitchen staff to optimize food and drink costs.

Skills

Interpersonal skills

Attention to detail

Communication

Presentation and influencing

Education

Bachelor's Degree in Accounting

Bachelor's Degree in Finance

Related field

Tools

Microsoft Office

Future Log systems

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 the 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. The role involves reporting variances related to cost and inventory management, managing monthly inventory, and monitoring receipts and inventory.

Finance

• Ensure all import and export activities are accurately accounted for, with all approved documents in accordance with regulations.
• Ensure the implementation of policies and procedures in cost control. 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.
• Report variances related to cost and inventory management, manage monthly inventory, and monitor receipts and inventory.
• Determine the standard cost consumption table for dishes and transfer the cost of hotel staff meals (employee meals).
• The cost controller is responsible for researching, tracking, analyzing, and controlling all costs in the hotel, aiming to reduce costs.
• Determine minimum and maximum stock levels, implement inventory management systems, and ensure responsiveness of related departments’ activities.

• Perform daily and monthly F&B reconciliation through sales analysis reports from POS; explain inconsistent figures.
• Generate daily and monthly F&B reports with detailed analysis of deviations, trends in cost of goods sold ratio, rarely used items, breakage, and loss.
• Willing to accept work requests with a high sense of responsibility and perform other duties as assigned by senior management.
• Build working relationships with chefs, F&B managers, kitchen staff, and bartenders to optimize food and drink cost formulas.

Qualifications

• Bachelor's Degree in Accounting, Finance, or a 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 systems.

• Good interpersonal skills with the ability to communicate effectively at all levels.
• Service-oriented with an eye for detail.
• Ability to work effectively and contribute as part of a team.
• Good presentation and influencing skills.