Cost Controller

Nestled in the city's heart, Mandarin Oriental Downtown, Dubai, offers a stunning fusion of modern design with a touch of oriental flair, redefining hospitality standards.

With unparalleled views of Dubai's skyline, the iconic Burj Khalifa, and the sparkling Arabian Sea, this urban retreat offers 224 luxury Residences and 259 Rooms & Suites.

Going beyond traditional hospitality, Mandarin Oriental Downtown, Dubai, it's not just a hotel but a lifestyle destination, offering relaxation, luxury, and memorable experiences.

Scope of Position

The Cost Controller under the supervision of the Assistant Director of Finance maintains accounts' standards as defined by the hotel accounts policy. They ensure that all prices from suppliers are correctly applied in the system. This role involves monitoring expenses and implementing strategies to ensure cost-effectiveness while maintaining the high quality of service for Guests.

Responsibilities

• Apply and ensure application of procedures and regulations concerning the cost control, as set by the Hotel accounts policy
• Must be familiar with accounts procedures.
• Make sure that all material and equipment made available to the accounts department is correctly used.
• According to assistant financial controller instructions, implement the appropriate means to ensure the cost control is done correctly.
• Monitor costs, compare them to the budget and take note of variances.
• Ensure all purchase requisition are received from the Purchasing Manager.
• Agree all prices on supplier invoices to purchase requisition or the master price list from accounts department.
• Ensure each supplier invoice has a purchase order number and a receiving document number.
• Return all invoices to Purchasing Manager, when the quoted price does not agree to the supplier’s invoice.
• Oversee inventory management and control processes, ensuring accurate tracking of stock levels and minimizing wastage. Conduct regular inventory audits and reconcile discrepancies.
• Ensure adherence to internal financial controls, company policies, and industry regulations. Conduct periodic audits to verify compliance and identify areas for improvement.
• Performs related duties and special projects assigned.

Skills & Qualifications

• Diploma/Degree in Hospitality Management and/or Accounting
• Minimum 3 years’ experience in a similar capacity as Cost Controller in a luxury hotel and with at least 1-year experience in other finance functions
• Hotel pre-opening and UAE experience preferred
• Familiarity with Accounting System; Excellent knowledge of Microsoft Office, particularly Excel
• Strong understanding of cost control principles, budgeting, and financial analysis.
• With analytical and problem-solving abilities, with a proactive approach to identifying and addressing cost-related issues.
• Exceptional attention to detail and accuracy in financial reporting and analysis.
• Excellent interpersonal and communication skills, with the ability to address concerns and collaborate with various departments.
• Strong organizational skills and the ability to manage multiple tasks and deadlines efficiently.