Cost Controller

Job description / Role

Company description

SO Ras Al Khaimah is part of a coveted collection of hotels rooted in the world of fashion, commanding attention with its 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.

About the Company

A caring employer providing respect, training and career development for our employees. An attractive employer offering more than 100 professions across the 5 continents.

We are much more than a world leader. We are 250,000 hoteliers with the same shared passion for welcoming. We take care of millions of guests in our 4,300 addresses and on our digital platforms. As an operator and franchisor (HotelServices), owner and investor (HotelInvest), we invest all our energy into making "Feel Welcome" resonate as the finest hotel promise.

From luxury to economy and in every corner of the globe, AccorHotels'​ more than 20 brands meet all the needs of business and leisure travelers seeking comfort, attention and high-quality services.