Assistant Cost Controller

Company Description

SLS Dubai Hotel and Residences is a luxury lifestyle 5-star city hotel which belongs to Ennismore under the wider Accor group umbrella.

Boasting 946 units, with 254 uniquely designed hotel rooms, 321 hotel apartments and 371 Branded Residences, spread over 75 floors, SLS Dubai is one of the tallest hotels and residences in the region.

A wondrous and striking landmark in Downtown District, designed by the award- winning architects Aedas and interior designer Paul Bishop, the SLS Dubai is a unique cabinet of curiosities that never ceases to delight.

Job Description

• Review cost data regularly, helping the Cost Controller analyze variances between actual and budgeted expenses. Identify areas of concern where costs are rising above expectations.
• Identify discrepancies in expenditures, report them to the Cost Controller, and assist in investigating the causes.
• Monitor daily expenditures for Food & Beverage department and ensure they align with the hotel’s budget.
• Help track and record inventory items for Food & Beverage department. Ensure accurate and up-to-date inventory data.
• Work with the purchasing department to ensure that inventory levels are adequate without overstocking, helping maintain cost-efficiency.
• Help generate daily, weekly, and monthly reports on departmental costs and cost control activities, ensuring they are accurate and submitted on time.
• Organize and maintain accurate records of invoices, purchase orders, receipts, and other financial documents required for audits and reporting.
• Assist in identifying areas where costs are exceeding budgeted amounts and report findings to the Cost Controller.
• Work with department heads and other staff to suggest and implement cost-saving strategies, such as improving operational efficiency.
• Help ensure that all procurement and cost-control activities follow the established financial policies, including approval processes and documentation requirements.
• Help ensure that the hotel’s cost control systems and software are properly maintained and updated.
  
  

Qualifications

• Knowledge of cost accounting principles, including how to track and allocate both direct and indirect costs. Understanding of how these costs impact the hotel’s profitability.
• Understanding how to analyze financial data to monitor costs effectively.
• Familiarity with cost control systems and hotel management software used to track expenses and manage budgets.
• Understanding of financial regulations and compliance requirements for the hotel industry. Ensuring that all financial and cost-related practices comply with local laws and internal policies.
• High level of attention to detail is required to ensure that records are accurate, purchases are documented properly, and inventories are correctly tracked.
• Ability to manage multiple tasks and deadlines, such as preparing reports and conducting audits, all while ensuring no oversight.
• Strong interpersonal skills to effectively communicate with department heads and staff. Ability to convey financial information to non-financial staff in a way that is understandable.
• Ability to adjust to changing circumstances, such as fluctuations in demand, operational changes, or cost variations, and adjust financial plans and reports accordingly.
• Ability to identify and implement cost-saving initiatives that don’t compromise the quality of service or guest experience.
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