Cost Controller
10 hours ago
**Key Responsibilities**
- **Cost Management**:
- Monitor and control the hotel’s operational costs, including food, beverages, and other supplies.
- Review and analyze daily, weekly, and monthly cost reports.
- Identify areas for cost savings and implement strategies to minimize expenses.
- **Inventory Management**:
- Conduct regular physical stock counts and ensure accurate inventory records.
- Reconcile discrepancies between recorded and actual inventory levels.
- Ensure proper storage, handling, and issuance of inventory items.
- **Purchasing & Procurement**:
- Collaborate with purchasing and department heads to review and approve purchase requests.
- Verify purchase prices and ensure adherence to budgeted costs.
- Evaluate supplier performance and negotiate cost-effective deals.
- **Financial Reporting**:
- Prepare and present detailed cost analysis reports to management.
- Monitor cost variances and provide recommendations for corrective actions.
- Assist in the preparation of budgets and forecasts.
- **Compliance & Standards**:
- Ensure compliance with hotel policies, financial regulations, and internal controls.
- Implement and maintain cost control systems and procedures.
- Train relevant staff on cost management and control processes.
**Qualifications & Skills**
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- Proven experience as a Cost Controller in the hospitality industry, preferably in a 4- or 5-star hotel.
- Strong analytical and problem-solving skills.
- Proficiency in accounting software and Microsoft Excel.
- Excellent communication and interpersonal skills.
- Attention to detail and ability to work under pressure.
- Knowledge of UAE financial regulations and standards is an advantage.
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