Cost Controller | Waldorf Astoria Dubai Palm Jumeirah

Job Description - Cost Controller

Waldorf Astoria Dubai Palm Jumeirah (HOT0BNEQ) Job Number: Cost Controller

Waldorf Astoria Dubai Palm Jumeirah (HOT0BNEQ) Work Location: Waldorf Astoria The Palm, Palm Jumeirah Road, Crescent East, Dubai, Aa01 The Cost Controller is responsible for managing the hotel's cost control systems and ensuring costs align with the hotel's budgetary guidelines. They work closely with department heads, especially in food and beverage, and procurement, to monitor and analyze expenditures. The role involves providing insights and recommendations to maintain profitability and cost efficiency while ensuring service quality and standards in a luxury hotel environment. What will I be doing? As Cost Controller, you will collaborate with all Department Heads to control all products entering and exiting the hotel. This role is crucial in maintaining the luxury standards of the hotel while achieving financial efficiency. Specific responsibilities include: Tracking and analyzing daily operational expenses, especially in high-cost areas such as food and beverage, and implementing control systems to prevent overspending. Assisting in preparing budgets, forecasts, and financial reports; monitoring actual expenses against budgets and analyzing variances. Supervising regular stock takes of hotel inventories, ensuring accurate stock levels, identifying discrepancies, and implementing corrective actions. Working with the purchasing department to ensure procurement is cost-efficient without compromising quality. Preparing detailed cost analysis reports and presenting findings to management, highlighting areas for savings or improvement. Collaborating with the culinary team to analyze dish costs and develop profitable menu pricing. Conducting internal audits related to cost control and compliance, identifying financial risks or inefficiencies. Maintaining accurate documentation of invoices, purchase orders, and expense reports for review. Providing guidance to departments on cost-related issues to align with financial goals. What are we looking for? A Cost Controller at Waldorf Astoria Hotels & Resorts works on behalf of our Guests and collaborates with Team Members. To succeed in this role, you should embody the following qualities: Bachelor’s degree in Accounting, Finance, Business Administration, or related field. 3-5 years of experience in cost control or similar roles, preferably in hospitality. Experience in a luxury hotel environment is advantageous. Strong analytical skills with the ability to interpret financial data. Proficiency in financial software (e.g., SAP, Opera, Sun Systems) and Microsoft Excel. Knowledge of inventory and procurement processes. Excellent communication and interpersonal skills. Detail-oriented with proactive problem-solving skills. Thorough understanding of hotel operations, especially F&B cost control. Experience with budgeting, forecasting, and financial reporting in hotels. High integrity and ethical standards in financial management. Ability to thrive in a fast-paced, luxury environment. Strong organizational skills and multitasking ability. Team player capable of collaborating across departments to achieve cost-saving objectives. What will it be like to work for Waldorf Astoria Hotels & Resorts? Waldorf Astoria offers guests an exceptional environment with personalized service that creates memorable experiences. If you value personalized attention and delivering consistently high customer service, you might be the perfect fit for our team. #J-18808-Ljbffr