Cost Controller
Skills
About This Role
Overview
Oversees and monitors hotel expenses to ensure operations and projects stay within budget.
The role involves analyzing financial data, tracking costs, identifying variances, and implementing cost control measures.
They collaborate with departments to optimize resource use, reduce waste, and support profitability, acting as a key financial steward of the hotel.
Responsibilities
- Monitor and analyze expenses against budgets, identifying variances and providing actionable insights.
- Prepare and manage departmental and project budgets, ensuring alignment with financial targets.
- Develop and implement cost control strategies to optimize resources and minimize waste.
- Generate accurate and timely financial, cost, and performance reports for management.
- Coordinate and execute accounting tasks, projects, and SOP audits across all hotel departments.
- Ensure compliance with financial policies, internal controls, and applicable regulations.
- Support month-end and period-end closing, ensuring accurate recording of P&L and financial data.
- Monitor taxes, revenues, and expenses to ensure proper recording and compliance.
- Review contracts, perform credit checks, and manage billing and collection processes.
- Reconcile accounts, including credit card ledgers, and verify financial transactions.
- Collaborate with departments (F&B, Rooms, Sales) to implement effective cost controls.
- Monitor inventory (especially F&B) to control costs and reduce variances.
- Maintain strong communication with stakeholders, providing updates and financial guidance.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field.
- Minimum 5–10 years of experience in accounting or cost control within the
- hospitality industry
- .
- Experience with Marriott International properties is highly preferred.
- Strong knowledge of hotel financial systems (e.g., Opera, SUN, or similar PMS/ERP).
- Solid understanding of cost control, budgeting, auditing, and hotel operations (F&B, Rooms, etc.).
- Experience in inventory management, credit control, and financial reporting.
- Proficiency in Microsoft Excel and accounting software.
- Strong analytical, organizational, and problem-solving skills with attention to detail.
- Excellent communication skills and ability to work cross-functionally.
- High level of integrity and ability to meet tight deadlines.
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