Cost Controller

Company Description

SO/ Ras Al Khaimah is part of a coveted collection of hotels rooted in the world of fashion, commanding attention with it’s avant-garde design and creative approach to the world of luxury. This is a place where we celebrate brilliant individuals – you, our SO/ Icons. Welcome to your invite to the Front Row, a place where self-expression and experience count in equal measure.

Job Description Cost Monitoring

Monitor, analyze, and control costs across all departments, including food and beverage, housekeeping, and maintenance, to ensure budget adherence. Budgeting & Forecasting: Assist in the preparation of departmental budgets and forecasts. Monitor actual performance against the budget and analyze variances to ensure financial targets are met.

Cost Reporting: Prepare and present detailed cost reports, including profit and loss statements, cost analysis, and variance reports, to senior management. Inventory Management: Oversee inventory control, including conducting regular physical counts of inventory, and ensure accurate recording of goods received and used. Standard Costing: Establish and maintain standard costs for materials, supplies, and services.

Ensure that all cost standards are regularly reviewed and updated. Supplier Negotiations: Assist in negotiating with suppliers to secure the best possible pricing and ensure cost-effective procurement of goods and services. Cost Analysis: Analyze cost trends, identify areas of inefficiency, and make recommendations for cost-saving initiatives without compromising quality or guest satisfaction.

Qualifications Educational Background

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Experience: Minimum of 3 years of experience in cost control, accounting, or finance, preferably in the hospitality industry.

Technical Skills

• Proficiency in accounting software (e.g., Microsoft Dynamics, SAP), hotel management systems (such as Opera or Micros), and Microsoft Office Suite (particularly Excel).
• Attention to Detail: Strong attention to detail, with the ability to analyze complex financial data and identify cost-saving opportunities.
• Analytical

Skills

• Ability to interpret financial data, perform variance analysis, and provide actionable insights to improve cost efficiency.
• Problem-Solving: Strong problem-solving skills with the ability to identify cost issues and provide solutions that enhance profitability.
• Communication

Skills

• Excellent written and verbal communication skills, with the ability to collaborate effectively with cross-functional teams and management.
• Time Management: Strong organizational skills with the ability to manage multiple tasks, prioritize deadlines, and work under pressure.
• Confidentiality: Ability to maintain confidentiality regarding financial data and sensitive operational information.