Job description / Role
We are looking for a Cost Controller to be an effective member to be a great assist to the Finance department and in the development of the hotel.
Provide an effective auditing system for the activities of the Materials Management Division.
- Provide a summary of the costs required by various people in the Accounting and Control Division to prepare daily and monthly reports.
- Provide Heads of Departments with the cost figures necessary for them to operate their individual profit centre profitably.
- Provide a system of monitoring the data input by operation level personnel.
- To compare details of quantities, unit costs, etc., on regular purchase orders to those on authorized purchase requests.
- To audit prices and quantity variances as per daily Receiving Variance Report.
- To ensure the inventory items and services which are bought and used in providing guests services and facilities are stored and used in the controlled manner and according to accounting principles.
- To check the data entered by Materials Management employees and to correct where necessary.
- To amend the micros data base as requested & approved by proper authorities.
- To prepare daily the Comparison Report on Food & Beverage Actual vs. Potential costs / sales. (Applicable to all free standing kitchens/restaurants after 3 months of grand opening)
- To reconcile the cost of all officer and entertainment checks and apply credit to the respective departments.
- To prepare analysis on General Stores issues such as guest supplies against budget.
- To verify the accuracy of recipes for the outlets and kitchens for the purpose of inventory control and potential costing.
- To maintain records of inventory transactions which cannot be tracked through the system such as banquet events, cocktails and buffets.
- To audit inventory transactions and make adjustments when necessary.
- To collate and journalize month-end figures.
- To attend month end and other stocktaking activities in all Food & Beverage and general areas.
- Reconcile and obtain explanation on variation and prepare Inventory Adjustment Authorization for the Director of Finance's approval.
- To coordinate and assist in the inventory taking of operating equipment every three (3) months.
- To have a full working knowledge and capability to supervise, correct and demonstrate all duties and tasks in the assigned Place of Work to the standard set.
- To be entirely flexible and adapt to rotate within the different sub departments of the Accounting & Finance Division.
- To be fully conversant with all services and facilities offered by the hotel.
- To conduct market survey of different items so as to ensure that the prices paid by hotel should be below the market retail prices.
- To understand and audit the operating procedures (purchasing, receiving, store, preparation etc.) of Materials Management Division.
- To spot check periodically internal purchase orders for Food & Beverage items against their appropriate market lists.
- To investigate reasons for spoilage issue forms and post through the system.
- To check on a scheduled basis:
Butcher yield tables and standard pricing tables
Accuracy of units of measure and brand information at the receiving.
Controllable and non-controllable status of inventory item data.
- To spot check at random:
The contents of Minibar in unoccupied rooms
Units of measure at bar
The potential and actual costs of individual bars
The accuracy of outlet recipes and portions being served
VIP amenities and their respective conversion recipes
Garbage cans and their contents
Par stocks in outlets and stockrooms
Inventory on shelves compared with inventory recorded in the computer
- Market survey on food items being purchased
- The quality of Food & Beverage items being received to ensure that they match purchase specifications
- Inventory turnover
- Beverage handling procedures and the use of outlet labels
- Pouring brand consumption
- To be thoroughly familiar with the duties and responsibilities of Materials Receiving and Storing process and be able to train the employee up to the standards required.
- To assist in the training of Materials Management personnel as part of the effort to build an efficient team and to take an active interest in their individual development and welfare.
- To assist in carrying out quarterly, bi-yearly, yearly inventory of operating equipment.
About the Company
A caring employer providing respect, training and career development for our employees. An attractive employer offering more than 100 professions across the 5 continents.
We are much more than a world leader. We are 250,000 hoteliers with the same shared passion for welcoming. We take care of millions of guests in our 4,300 addresses and on our digital platforms. As an operator and franchisor (HotelServices), owner and investor (HotelInvest), we invest all our energy into making "Feel Welcome" resonate as the finest hotel promise.
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