Cost Controller

We are seeking a detail-oriented and analytical Cost Controller to join our dynamic team in Ras Al-Khaimah, United Arab Emirates. In this pivotal role, you will be responsible for managing and monitoring all cost-related activities, ensuring accurate financial administration, and maintaining robust internal controls. You will work collaboratively with multiple departments to drive operational efficiency, support informed decision-making, and contribute to the organization's financial success through meticulous cost analysis and transparent reporting.

Organize and monitor all cost control activities, ensuring accurate tracking and documentation of financial transactions

Receive, verify, and process supplier invoices and monthly statements, matching documentation against purchase orders and market listings; prepare accounts payable vouchers with precision

Control and register the flow of goods in and out from receiving areas, storerooms, and operational outlets, maintaining detailed records

Participate in monthly, quarterly, and year-end inventory counts; prepare comprehensive physical inventory reports for food, beverages, operating supplies, and other assets

Establish daily and monthly food and beverage costs per outlet and prepare detailed profit and loss statements, identifying trends and variances

Analyze and cost all recipes before implementing new menu items; prepare provisional P&L statements for special events and promotions

Generate daily and monthly sales statistics, identifying slow-moving items, high-cost items, and cost-saving opportunities for discussion with senior management

Conduct monthly outlet activity analysis, establishing comprehensive P&L statements that include revenue, sales costs, payroll, operating expenses, and productivity metrics

Prepare month-end closing reports for all cost categories; execute month-end adjustments in coordination with the Accounting Manager and Finance Director

Implement and maintain effective internal control and audit systems to ensure efficient supervision of cost controls and financial accuracy

Facilitate communication and collaboration between the cost control function and other departments to support operational goals

Maintain professional standards and appearance at all times; attend training sessions as scheduled to enhance skills and knowledge

Perform additional duties as requested by the Accounting Manager or Director of Finance to support organizational objectives

Desired Candidate Profile

• Advanced proficiency in financial analysis and cost accounting methodologies
• Strong expertise in inventory management and control systems
• Excellent attention to detail with exceptional organizational abilities
• Proficient in accounts payable processing and invoice verification
• Skilled in preparing and analyzing profit and loss statements
• Competent in using accounting software and ERP systems
• Strong written and verbal communication skills
• Ability to work collaboratively across multiple departments
• Excellent time management and prioritization skills
• Analytical mindset with strong problem-solving abilities
• Proficiency in data analysis and financial reporting
• Minimum 3-5 years of experience in cost control, financial administration, or related accounting roles
• Proven experience in inventory management and cost analysis
• Experience working with financial systems and accounting software
• Demonstrated experience in preparing financial reports and month-end closings
• Experience in a hospitality, food and beverage, or similar operational environment is preferred
• Bachelor's degree in Accounting, Finance, or related field
• Professional accounting certification (such as CPA, ACCA, or equivalent) is preferred
• Strong knowledge of cost control principles and best practices
• Understanding of food and beverage operations and costing methodologies
• Familiarity with internal control frameworks and audit procedures
• Knowledge of financial reporting standards and compliance requirements