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Description:

Job Purpose

The Cost Controller will monitor and safeguard the food and beverage cost by exercising adequate and prompt control over the recording of the cost of food and beverages purchased and checking the accuracy of menu pricing, based on analysis of the actual product costs of food and beverages served. This position focuses on minimizing wastage, preventing pilferage and theft, and maintaining cost controls across all outlets. Work closely with F&B, Purchasing and Finance teams to identify and implement cost-savings measures.

Summary of Key Responsibilities:

• Verify supplier invoices, purchase orders and receiving procedures for accuracy.
• Prepare detailed cost reports and analysis to support management decisions.
• Monitor and control all costs associated with the hotel
• Investigate and resolve discrepancies such as lost postings.
• Prepare and analyze financial statements, budgets, and forecasts
• Review and reconcile invoices and purchase orders
• Ensure compliance with internal policies and procedures
• Manage internal and external audits
• Prepare daily and monthly F&B cost reports.
• Conduct variance analysis and communicate findings.
• Verify all POS transactions including voids, discounts, and complimentary items.
• Ensure all POS sales are accurately transferred to the PMS.
• Produce departmental performance reports.
• Develop and implement cost control strategies
• Liaise with vendors and suppliers
• Provide training and guidance to staff on cost control
• Monitor and report on budget performance
• Maintain accurate financial records
• Develop and maintain cost control systems
• Provide regular reports to management
• Conduct regular inventory checks and variance analyses.
• Verify supplier invoices, purchase orders and receiving procedures for accuracy.
• Prepare detailed cost reports and analysis to support management decisions.
• Work closely with F&B, Purchasing and Finance teams to identify and impliment cost-savings measures.
• Maintain up-to-date recipe and menu costing in Fidelio and Opera Systems.

Required Skills and Competencies 

• Excellent communication skills.
• Strong analytical and reporting skills.
• Strong leadership skills
• High attention to detail.
• Ability to work independently and in a team.
• Good interpersonal skills
• Well organized and independent
• Sound time management skills
• Good negotiating skills 

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Primary Areas of Accountability: