Financial and Cost Accountant - Omani National

Mandarin Oriental Muscat is looking for a Financial & Cost Accountant to join our Finance team. Are you a master of craft? Do you thrive in a team that succeeds together, demonstrating integrity and respect while acting responsibly? Do you embrace a growth mindset? We invite you to become a fan of the exceptional. Mandarin Oriental is the award-winning owner and operator of some of the most luxurious hotels, resorts and residences located in prime destinations around the world, with a strong development pipeline. Increasingly recognized for creating some of the world s most sought-after properties, the Group provides legendary service inspired by Asian heritage whilst representing the very cutting-edge of luxury experiences. Mandarin Oriental Muscat Situated in a prime beachfront location, Mandarin Oriental, Muscat is a chic urban resort that offers 150 stylishly appointed guestrooms and suites, five restaurants and bars, a lush Spa at Mandarin Oriental, and an outdoor swimming pool. The hotel features a one-of-a-kind ballroom boasting spectacular views of the Arabian Sea as well as a variety of banquet and meeting spaces to accommodate social and business events. For those seeking a luxury living experience in one of Muscat s most desirable districts, an exclusive collection of 155 Residences at Mandarin Oriental combine the Group s legendary service, world-class amenities and sweeping sea or mountain views. Key Responsibilities Assist the Assistant Director of Finance and Director of Finance in ensuring all Accounting colleagues understand and follow the company s accounting policies, procedures, and internal control standards. • Supervise and monitor the daily operations of the Accounting Department to ensure smooth, efficient, and accurate workflow. • Oversee month-end closing activities, including account reconciliations, account analysis, accruals, journal entries, and preparation of financial statements in accordance with corporate standards and generally accepted accounting principles. • Review and verify journals, journal vouchers, general ledger (GL), and sub-ledger (SL) postings, ensuring balances are accurate and all contra/clearance accounts are cleared at month-end. • Verify daily bank balances, prepare bank reconciliations for approval, and ensure revenue receipts are deposited accurately and on time. • Review the accuracy of General Cashier reports, night audit reports, and hotel revenue transactions, ensuring compliance with established procedures. • Ensure the timely and accurate submission of financial, tax, municipality fee, and license reports, maintaining full compliance with local legislation and company policies. • Maintain an updated and accurate Chart of Accounts within the accounting system. • Supervise the filing, retention, and maintenance of all accounting records and related documentation in accordance with company policy. • Coordinate with internal and external auditors, preparing all necessary documents, reports, and reconciliations for audits. • Ensure compliance with internal control frameworks, including the Control Self-Assessment Questionnaires (CSAQ). • Conduct month-end inventories for all stores (F&B and non-F&B), including regular spot checks for outlets, Spa, and Boutique as per company policy. • Ensure proper stock security, storage conditions, organization, issuance procedures, and stock rotation to maintain operational efficiency and reduce spoilage. • Maintain par stock levels for all inventoried items while minimizing stockholding without compromising hotel operations. • Perform three-way matching of invoices against receiving reports and purchase orders, verify quoted prices against invoice prices, and support Accounts Payable in resolving discrepancies. • Prepare weekly F&B flash reports, month-end cost reconciliations, and assigned balance sheet reconciliations. • Develop, update, and maintain recipe costing for food, beverage, and special menus, ensuring POS and Purchasing systems are aligned for accurate cost reporting. • Review menu costing and support menu engineering initiatives to improve profitability. • Conduct regular spot checks on purchasing, receiving, storing, and issuing procedures to strengthen controls and improve efficiency. • Attend banquet functions and operational activities when necessary to maintain stock control and accuracy. • Maintain close working relationships with the Director of F&B, Executive Chef, and all operational departments to improve cost control, menu pricing, and profitability. • Work closely with the Executive Chef to monitor high-cost food items and support the Food & Beverage team in menu pricing and cost optimization. • Support the planning, recruitment, onboarding, training, development, and performance management of Accounting colleagues. • Supervise, coach, and evaluate Accounting team members, taking appropriate personnel action where required. • Conduct monthly departmental meetings to communicate financial, operational, and company updates. • Assist with forecasting, budgeting, financial planning, and analysis as required. • Identify financial risks, control weaknesses, and profitability improvement opportunities, and escalate them to management. • Maintain thorough knowledge of hotel policies, accounting regulations, and regional compliance requirements. • Demonstrate high professional integrity, confidentiality, and ethical standards, and perform any other duties assigned by the Assistant Director of Finance and/or Director of Finance. Our commitment to you • Learning & Development. Your success is our success. We craft unique learning and development programmes for various stages in your career so that you grow, continuously. • MOstay. When you work as hard as our colleagues do, it s important to take time off. As a member of the #MOfamily, you can stay with us wherever you go in the world. The MOstay programme offers complimentary nights and additionally attractive rates on rooms for you and your loved ones. • Heath & Colleague Wellness. Finding the right work-life balance is important. Your wellbeing matters to us. A variety of health benefits and wellness programmes are offered to all our colleagues, globally.