- Analyze and monitor costs associated with hotel, resort, and tourism operations to ensure alignment with budgetary goals.
- Prepare detailed cost reports and variance analyses for management review, highlighting areas of concern and recommending corrective actions.
- Develop and maintain cost accounting systems, processes, and controls to support accurate financial reporting.
- Collaborate with project managers and department heads to track expenses and optimize resource allocation for ongoing and new developments.
- Conduct regular audits of inventory, procurement, and operational expenditures to identify cost-saving opportunities.
- Assist in the preparation of annual budgets, forecasts, and long-term financial planning for multiple properties and projects.
- Support the month-end and year-end closing processes by reconciling cost accounts and ensuring data integrity.
- Evaluate and implement best practices in cost control, leveraging industry benchmarks and internal data.
- Provide financial insights and recommendations to senior management to support strategic decision-making.
- Ensure compliance with internal policies and external regulations related to cost accounting and financial management.
5-6 years of proven experience in cost accounting, preferably within the hospitality, tourism, or real estate sectors.Strong analytical skills with the ability to interpret complex financial data and present actionable insights.Proficiency in cost accounting methodologies, budgeting, and variance analysis.Advanced knowledge of accounting software and ERP systems relevant to hospitality operations.Excellent communication and interpersonal skills for effective collaboration across departments.Demonstrated ability to manage multiple projects and deadlines in a fast-paced environment.Attention to detail and a commitment to accuracy in all financial reporting and analysis.Solid understanding of inventory management and procurement processes.Ability to identify and implement process improvements for enhanced cost efficiency.Strong organizational and time-management skills.