Cost Controller

HealthCare Dynamics Gen. Trading Company W.L.L; Kuwait City; On-site; KWD 15,000 - 30,000; Full time

Job summary

A prominent company in Kuwait is seeking a Cost Controller to optimize operational costs across its hospitality operations. This role involves monitoring expenses, analyzing cost data, and collaborating with various departments to drive financial efficiency and promote best practices in cost management. The ideal candidate will possess strong analytical skills and a relevant educational background, contributing to the overall success and compliance of the company.

Qualifications

• Strong analytical skills to interpret cost data.
• Experience with financial regulations and budgeting.
• Proven inventory management background.

Responsibilities

• Monitor and analyze daily operational costs and variances.
• Collaborate with department heads on budget management.
• Conduct inventory audits to minimize waste.

Skills

Analytical skills

Financial management

Inventory management

Collaboration

Communication skills

Education

Bachelor's degree in Finance or Accounting

Job description

As a Cost Controller, you will play a crucial role in monitoring and optimizing the hotel's operational costs. Your responsibilities will include tracking expenses, analyzing cost data, and collaborating with various departments to ensure efficient cost management, contributing to financial efficiency.

Key Job Responsibilities:

• Monitor and analyze daily operational costs, identifying variances and trends.
• Collaborate with department heads to track and manage departmental budgets.
• Assist in cost control measures while maintaining service and quality standards.
• Oversee inventory control and management processes.
• Conduct regular inventory audits to minimize losses and waste.
• Implement procedures for the efficient use and storage of inventory.
• Prepare and maintain accurate records of expenses, ensuring compliance with accounting standards.
• Generate regular cost reports and analysis for management review.
• Identify opportunities for cost-saving and process improvement.
• Ensure compliance with financial regulations and company policies related to cost control.
• Assist in internal and external audits as needed.
• Collaborate with procurement and suppliers to negotiate favorable terms.
• Monitor vendor performance and adherence to contracts.
• Resolve billing and payment discrepancies with suppliers.
• Provide guidance and training to colleagues in cost control practices.
• Communicate cost control objectives and best practices to relevant departments.
• Contribute to the preparation of financial statements and reports.
• Collaborate with the finance team to integrate cost data into financial analysis.
• 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.