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Cost Accountant

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Job Description - Cost Accountant

Company Description

Rixos Premium Qetaifan Island North

Rixos Premium Qetaifan Island North comprises a 345-key hotel, along with a souq encompassing 11,000sqm of leasing space, a beach club, a theme park, and a waterpark. The resort boasts panoramic views of the Arabian Gulf. Rixos plans to provide a platform for showcasing Qatar as a tourism destination. One of the country’s biggest draws will be Qetaifan Island North’s Waterpark attraction. The Rig 1938 is the world’s highest tower of its kind, reaching 82 metres.

Job Description

Cost Accountant

The Cost Accountant is responsible for managing and analyzing all financial data related to operational costs, including food and beverage expenses, employee, facilities maintenance, and other club-related costs. This role provides financial insights to help the management team optimize operations, control costs, and maintain profitability while ensuring the best guest experience.

  • Monitor and analyze operational costs in key areas such as food and beverage, facility maintenance, and amenities.
  • Prepare and present cost reports regularly, highlighting variances and providing actionable recommendations to management.
  • Track performance against budgeted costs and identify cost-saving opportunities.
  • Assist in the development and management of the annual budget for various departments.
  • Oversee inventory of food, beverages, and other supplies, ensuring optimal stock levels.
  • Identify and recommend opportunities to streamline operations and reduce costs without compromising service quality.
  • Ensure that all cost accounting practices comply with internal policies, industry standards, and local regulations.
  • Support internal audits and assist with the preparation for external audits.
  • Ensure proper documentation of all financial transactions and maintain a strong system of internal controls.
  • Provide financial data and cost recommendations to assist in decision-making for menu pricing, event planning, and resource allocation.
  • Prepare monthly, quarterly, and annual cost reports for management.
  • Maintain accurate financial records related to all operations and ensure that they align with overall financial reports.

Qualifications

  • Bachelor’s degree in Accounting, Finance, Hospitality Management, or related field.
  • 2-4 years of experience in cost accounting, preferably in the hospitality, leisure, or beach club industry.
  • Familiarity with hospitality management software systems (e.g., POS systems, accounting software).
  • Strong knowledge of cost accounting principles, especially in food and beverage and hospitality settings.
  • Strong analytical and problem-solving abilities.
  • Effective communication skills to collaborate with multiple departments.
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