Franchise Hotel - Cost Controller

InterContinental Hotels Group; Dubai; On-site; AED 100,000 - 130,000; Full time

Job summary

A leading hotel group in Dubai is seeking a Cost Controller to manage hotel assets through cost monitoring and budget preparation. The ideal candidate will ensure compliance with financial policies and collaborate with various teams to forecast expenses. Applicants should have a Bachelor's degree in Accounting or Finance, fluency in English, and relevant experience in hotel accounting or internal audit. This position offers a competitive salary and a range of benefits to create an inclusive workplace.

Benefits

Competitive salary

Inclusive workplace benefits

Qualifications

• Bachelor’s degree or equivalent in Accounting or Finance required.
• 3 years in hotel accounting/internal audit with supervisory experience preferred.
• Fluency in English is mandatory.

Responsibilities

• Track and monitor costs associated with projects and operations.
• Ensure compliance with budgetary constraints and financial policies.
• Collaborate with teams for cost forecasting and budgeting.

Skills

Fluent English

Cost analysis

Budget management

Financial compliance

Education

Bachelor’s degree in Accounting or Finance

3 years in hotel accounting or internal audit

Tools

Cost management software

Job description

About Us

Join voco™ hotels where every hotel has its unique charm, and our thoughtful hosts create a home away from home. Step by step, we're on a journey towards a sustainable future, treating the planet the same way we do our guests. Seeking individuals with as much character as our vibrant hotels. If you thrive on genuine hospitality, your place is with us at voco™ hotels

Day to Day

Searching for an opportunity that just adds up? We’re looking for a new Cost Controller with a strong enough grasp of the figures to balance managing hotel assets,

Cost Monitoring and Analysis

• Track and monitor costs associated with projects, operations, or business units.
• Perform cost analysis and provide recommendations to ensure that spending is in line with the budget.
• Analyze variances between actual and budgeted costs and investigate discrepancies.

Budget Preparation and Management

• Ensure adherence to budgetary constraints and track spending to maintain cost control.

Cost Reporting and Documentation

• Prepare detailed and accurate cost reports, including monthly and quarterly financial statements.
• Document and maintain cost control procedures, standards, and protocols to ensure compliance.
• Review financial records and transactions for accuracy and completeness.

Financial Compliance

• Ensure compliance with internal financial policies, external regulatory requirements, and industry standards.
• Assist in the preparation for audits and ensure that all cost-related documentation is available for review.

Collaboration and Communication

• Work closely with project managers, department heads, and other teams to forecast costs and manage budgets.
• Provide financial analysis and advice to support decision-making in various areas of the business.
• Liaise with vendors, contractors, and suppliers to manage cost-related issues and negotiate pricing or contract terms.

Cost Control Tools and Software

• Utilize cost management software and tools to track, report, and analyze costs.
• Implement and manage systems to improve cost efficiency and accuracy in reporting.

Cost Improvement Initiatives

• Identify opportunities for cost savings and recommend strategies for improving cost efficiency.
• Support cost reduction initiatives and ensure that efficiency improvements align with overall business objectives.

Requirements

• Bachelor’s degree / higher education qualification / equivalent in Accounting or Finance
• Or three years in hotel accounting or internal audit with one year in a supervisory role
• Or an equivalent combination of education and experience
• Must speak fluent English

Benefits

We give our people everything they need to succeed. From a competitive salary that rewards all your hard work to a wide range of benefits designed to help you live your best work life.
We welcome everyone and create inclusive teams where we celebrate difference and encourage colleagues to bring their whole selves to work. We are an equal opportunity employer and offer opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability. We promote a culture of trust, support, and acceptance. Always welcoming different backgrounds, experiences, and perspectives.
So, join us and you’ll become part of our hotel family.