Cost Controller

Company DescriptionSO/ 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.