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Cost Controller

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Mandarin Oriental Hotel Group

1mo ago

  • Job
    Full-time
    Mid Level
  • Hospitality & Retail
    Accounting & Tax
  • Dubai

AI generated summary

  • You need a hospitality/accounting diploma, 3+ years as a Cost Controller in luxury hotels, UAE experience preferred, strong Excel skills, and excellent analytical and communication abilities.
  • You will monitor costs, manage supplier invoices, oversee inventory control, ensure compliance with policies, and conduct audits to track expenses and minimize wastage.

Requirements

  • 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.

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.

FAQs

What is the primary responsibility of the Cost Controller at Mandarin Oriental Downtown, Dubai?

The primary responsibility of the Cost Controller is to maintain accounts' standards as defined by the hotel accounts policy, ensuring that supplier prices are correctly applied in the system and monitoring expenses to implement cost-effective strategies while maintaining high service quality.

What qualifications are required for the Cost Controller position?

Candidates should have a Diploma/Degree in Hospitality Management and/or Accounting, with a minimum of 3 years’ experience as a Cost Controller in a luxury hotel and at least 1 year in other finance functions.

Is prior experience in the UAE or hotel pre-opening preferred for this role?

Yes, hotel pre-opening and UAE experience is preferred for the Cost Controller position.

What skills are essential for the Cost Controller role?

Essential skills include familiarity with accounting systems, excellent knowledge of Microsoft Office (particularly Excel), strong understanding of cost control principles, analytical and problem-solving abilities, and exceptional attention to detail.

How does the Cost Controller track and manage inventory?

The Cost Controller oversees inventory management and control processes, ensuring accurate tracking of stock levels, minimizing wastage, conducting regular inventory audits, and reconciling discrepancies.

What types of tasks might the Cost Controller be expected to perform beyond standard duties?

The Cost Controller may be assigned related duties and special projects by the Assistant Director of Finance.

Are strong interpersonal skills important for this position?

Yes, excellent interpersonal and communication skills are crucial for the Cost Controller to effectively address concerns and collaborate with various departments.

What is the process for handling supplier invoices?

The Cost Controller ensures all supplier invoices have a purchase order number and a receiving document number, and returns any invoices to the Purchasing Manager if the quoted price does not match the supplier’s invoice.

What is the work environment like at Mandarin Oriental Downtown, Dubai?

The work environment is part of a luxury hotel setting that emphasizes high standards of hospitality, providing a stunning urban retreat amidst Dubai's skyline.

Will the Cost Controller be required to conduct audits?

Yes, the Cost Controller is responsible for conducting periodic audits to verify compliance with internal financial controls, company policies, and industry regulations.

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Mandarin Oriental Hotel Group

Travel & Leisure
Industry
10,001+
Employees
1963
Founded Year

Mission & Purpose

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world’s most luxurious hotels, resorts and residences. Having grown from its Asian roots into a global brand, the Group now operates 36 hotels and 7 residences in 23 countries and territories, with each property reflecting the Group’s oriental heritage and unique sense of place. Mandarin Oriental has a strong pipeline of hotels and residences under development, and is a member of the Jardine Matheson Group. Mandarin Oriental’s aim is to be recognized widely as the best global luxury hotel group, providing 21st century luxury with oriental charm in each of its hotels. This will be achieved by investing in the Group’s exceptional facilities and its people, while maximizing profitability and long-term shareholder value. The Group regularly receives recognition and awards for outstanding service and quality management. The strategy of the Group is to open the hotels currently under development, while continuing to seek further selective opportunities for expansion around the world. The parent company, Mandarin Oriental International Limited, is incorporated in Bermuda and has a premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Mandarin Oriental Hotel Group International Limited, which operates from Hong Kong, manages the activities of the Group’s hotels. Mandarin Oriental is a member of the Jardine Matheson Group.