Senior Cost Controller

Roles and Responsibilities

The Cost Controller, under the supervision of the Assistant Director of Finance, maintains accounts' standards as defined by the hotel accounts policy. They ensure that all prices from suppliers are correctly applied in the system. This role involves monitoring expenses and implementing strategies to ensure cost-effectiveness while maintaining the high quality of service for Guests.

• Apply and ensure application of procedures and regulations concerning cost control, as set by the Hotel accounts policy.
• Familiarity with accounts procedures is essential.
• Ensure that all material and equipment made available to the accounts department is correctly used.
• Implement the appropriate means to ensure that cost control is done correctly according to the Assistant Financial Controller's instructions.
• Monitor costs, compare them to the budget, and take note of variances.
• Ensure all purchase requisitions are received from the Purchasing Manager.
• Agree all prices on supplier invoices to purchase requisitions or the master price list from the accounts department.
• Ensure each supplier invoice has a purchase order number and a receiving document number.
• Return all invoices to the Purchasing Manager when the quoted price does not agree with the supplier’s invoice.
• Oversee inventory management and control processes, ensuring accurate tracking of stock levels and minimizing wastage. Conduct regular inventory audits and reconcile discrepancies.
• Ensure adherence to internal financial controls, company policies, and industry regulations. Conduct periodic audits to verify compliance and identify areas for improvement.
• Perform related duties and special projects as assigned.

Desired Candidate Profile

Skills & Qualifications:

• Diploma/Degree in Hospitality Management and/or Accounting.
• Minimum 3 years’ experience in a similar capacity as Cost Controller in a luxury hotel, with at least 1-year experience in other finance functions.
• Hotel pre-opening and UAE experience preferred.
• Familiarity with Accounting Systems; excellent knowledge of Microsoft Office, particularly Excel.
• Strong understanding of cost control principles, budgeting, and financial analysis.
• Analytical and problem-solving abilities with a proactive approach to identifying and addressing cost-related issues.
• Exceptional attention to detail and accuracy in financial reporting and analysis.
• Excellent interpersonal and communication skills, with the ability to address concerns and collaborate with various departments.
• Strong organizational skills and the ability to manage multiple tasks and deadlines efficiently.