Cost Controller

Company Description

Sofitel Al Hamra Beach Resort

Job Description

We are seeking a detail-oriented and analytical Cost Controller to join our dynamic team in Ras Al-Khaimah, United Arab Emirates. In this pivotal role, you will be responsible for managing and monitoring all cost-related activities, ensuring accurate financial administration, and maintaining robust internal controls. You will work collaboratively with multiple departments to drive operational efficiency, support informed decision-making, and contribute to the organization's financial success through meticulous cost analysis and transparent reporting.

• Organize and monitor all cost control activities, ensuring accurate tracking and documentation of financial transactions
• Receive, verify, and process supplier invoices and monthly statements, matching documentation against purchase orders and market listings; prepare accounts payable vouchers with precision
• Control and register the flow of goods in and out from receiving areas, storerooms, and operational outlets, maintaining detailed records
• Participate in monthly, quarterly, and year-end inventory counts; prepare comprehensive physical inventory reports for food, beverages, operating supplies, and other assets
• Establish daily and monthly food and beverage costs per outlet and prepare detailed profit and loss statements, identifying trends and variances
• Analyze and cost all recipes before implementing new menu items; prepare provisional P&L statements for special events and promotions
• Generate daily and monthly sales statistics, identifying slow-moving items, high-cost items, and cost-saving opportunities for discussion with senior management
• Conduct monthly outlet activity analysis, establishing comprehensive P&L statements that include revenue, sales costs, payroll, operating expenses, and productivity metrics
• Prepare month-end closing reports for all cost categories; execute month-end adjustments in coordination with the Accounting Manager and Finance Director
• Implement and maintain effective internal control and audit systems to ensure efficient supervision of cost controls and financial accuracy
• Facilitate communication and collaboration between the cost control function and other departments to support operational goals
• Maintain professional standards and appearance at all times; attend training sessions as scheduled to enhance skills and knowledge
• Perform additional duties as requested by the Accounting Manager or Director of Finance to support organizational objectives
  
  

Qualifications

**Required Skills & Competencies:**

• Advanced proficiency in financial analysis and cost accounting methodologies
• Strong expertise in inventory management and control systems
• Excellent attention to detail with exceptional organizational abilities
• Proficient in accounts payable processing and invoice verification
• Skilled in preparing and analyzing profit and loss statements
• Competent in using accounting software and ERP systems
• Strong written and verbal communication skills
• Ability to work collaboratively across multiple departments
• Excellent time management and prioritization skills
• Analytical mindset with strong problem-solving abilities
• Proficiency in data analysis and financial reporting
  
  

Required Experience

• Minimum 3-5 years of experience in cost control, financial administration, or related accounting roles
• Proven experience in inventory management and cost analysis
• Experience working with financial systems and accounting software
• Demonstrated experience in preparing financial reports and month-end closings
• Experience in a hospitality, food and beverage, or similar operational environment is preferred
  
  

Required Education & Certifications

• Bachelor's degree in Accounting, Finance, or related field
• Professional accounting certification (such as CPA, ACCA, or equivalent) is preferred
  
  

Domain Expertise

• Strong knowledge of cost control principles and best practices
• Understanding of food and beverage operations and costing methodologies
• Familiarity with internal control frameworks and audit procedures
• Knowledge of financial reporting standards and compliance requirements