General Cashier And Cost Accountant - Waldorf Astoria

Job Description

Picture yourself brightening someone’s day. When you join our Hotels team, that’s exactly what you’ll do every time you come to work! You will oversee the maintenance of precise records of all receivables from guests, tenants, concessionaires, credit card companies, online transactions, and employees. As a General Cashier & Cost Accountant
, you’re not just driving financial accuracy and operational efficiency – you’re spreading the light and warmth of hospitality by delivering memorable experiences that make every guest’s stay memorable.

Here’s what you’ll do during a typical day:

• Prepares daily bank deposit in timely manner for armored car pick-up. Prepares due-backs on a daily basis for cashiers and bartenders.
• Inventories daily deposits from cashiers and bartenders. Reports immediately to Director of Finance any missing deposits or discrepancies between cash envelopes and actual deposits.
• Prepares General Cashier’s Report daily.
• Ensures sufficient funds are on hand for daily hotel operation. Provides change to hotel staff.
• Assist in the development of budgets and forecasts by providing accurate cost data and projections. Monitor actual performance against budgeted figures and provide variance analysis.
• Maintain accurate inventory records and reconcile inventory counts. Monitor inventory levels, analyse inventory turnover, and identify slow-moving or obsolete items.
• Establish and maintain standard costing systems to accurately allocate costs to products and services. Update standard costs periodically and analyse variances between standard and actual costs.
• Implement cost control measures to optimize resource utilization and minimize wastage. Collaborate with departmental managers to identify areas for cost reduction and efficiency improvements.
• Prepare timely and accurate cost reports, including cost of sales reports, cost variance reports, and profitability analysis. Ensure compliance with accounting standards and regulatory requirements.
• Identify opportunities to streamline processes and improve cost accounting procedures. Recommend and implement enhancements to enhance efficiency and accuracy in cost reporting.
• Assist in internal and external audits by providing relevant cost data, supporting documentation, and explanations of cost accounting practices. Address audit findings and implement corrective actions as necessary.
• Control the stores by ensuring accuracy of inventory and stock control and the pricing of goods received.
• Alert Cost Controller of slow moving goods and goods nearing expiry dates to reduce waste and alter product purchasing to accommodate.
• Manage cost reporting on a weekly basis.
• Attend finance meetings, as required.
• Maintain good communication and working relationships with all hotel areas.
• Act in accordance with fire, health and safety regulations and follow the correct procedures when required.

• Assists office in other administrative duties as needed.
• Performs other duties as requested by Director of Finance and/or Assistant Director of Finance.
• Provide training and guidance to finance and operations teams on cost accounting principles, procedures, and systems to enhance their understanding and proficiency.
• Assist in conducting ad hoc data analysis and special projects to support decision-making processes, such as pricing strategies, product profitability analysis, and cost-benefit analysis.
• Identify potential risks and vulnerabilities in cost accounting processes and systems. Develop and implement risk mitigation strategies to safeguard against financial losses and ensure compliance with regulatory requirements.
• Review the daily intake of products into the hotel and ensure accurate pricing and quantity of goods received.

• Possession of excellent communication skills, both verbal and written.
• Ability to operate calculator/10-Key by touch, copier, fax, telephone.
• Mathematical skills and abilities to perform mathematical calculations without error while working with large sums of money.
• Knowledge of Windows and Outlook E-mail systems.
• Spreadsheet and database knowledge is helpful.
• Ability to perform duties in confined space.

• Role Level: Not Applicable
• Work Type:
  Full-Time
• Country:
  United Arab Emirates
• City:
  Ras Al Khaimah
• Company Website:
• Job Function:
  Accounting
• Company Industry/Sector:
  Other