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Home UAE Cost Controller

Cost Controller

Full time at Raffles in UAE
Posted on November 26, 2021

Job details

POSITION DESCRIPTION Position : Cost Controller

Department : Finance Reports to : Director of Finance PURPOSE OF POSITION To monitor and control all procedures that affect the receipt, issuance, general controls and sales of food and beverage in the hotel and to ensure that all control functions are established and enforced according to the company’s policies and procedures. KEY ROLES & RESPONSIBILITIES

  • Conduct month-end food and beverage inventories for Stores, & doing spot checks for F&B outlets, Spa & Boutique as per policy.
  • Ensure that all merchandise are stored properly in locked storage areas and monitor security control of key for such areas
  • Ensure that all storage areas are secure, clean and properly organized
  • Ensure proper issuance for F&B items from the Store
  • Establish and maintain a cost allocation transfer system for F&B and accurately post all inter department transfer between the cost centers
  • Establish and maintain par stocks on all inventoried items, keeping in mind that inventory levels must be kept as low as possible without compromising the efficiency of the hotel.
  • Co-ordinate with purchasing team on pricing, purchasing issues, etc.
  • Create/update recipes (food, beverage, special costing) and link Micros to Material Controls to generate the monthly potential food and beverage cost of sales.
  • Prepare monthly F&B cost report and month-end reconciliation reports
  • Prepare monthly Balance Sheet reconciliations.
  • Conduct regular spot checks on procedures for purchasing, receiving, storing, issuing.
  • Conduct regular spot checks for beverage par stocks for Stores and Outlets.
  • Check menu costing for Food & Beverage and verify it with pricing policy.
  • Ensure store items are checked regularly on expiry and freshness.
  • Prepare Daily Flash Food Report.
  • Attend specific banquet function to have better control on stocks.
  • Reduce Spoilage by monitoring and using better stock movement.
  • Attend specific banquet function if necessary to spot check stocks .
  • Monitor all policy & procedure to ensure compliancy.
  • Highlight any potential challenges or opportunities to improve profitability to management.
  • Conduct trainings for F&B with the help of KIT (local Micros-Fidelio vendor).
  • Maintain a close working relationship with the Director of F&B, Executive Chef and Purchasing Manager and make them aware of any potential problems or opportunities to improve the controls in their areas as they relate to F&B.
  • Take appropriate personnel related action with store staff as required.
  • Prepare any reports as requested by management
  • To perform any other duties that may be assigned from time to time by management.
  • Must be willing to work a flexible schedule in order to accomplish all major responsibilities and tasks
  • Must be willing to accept assignments on as need basis, in order to promote teamwork.
  • Must have commitment to follow all local and corporate policies and procedures.
  • Must have a high degree of professional integrity and confidentiality, and work in a safe, prudent and organized manner.
  • Must be self-motivated and have a high degree of analytical ability.
  • Good written and verbal communication skills in English.
  • Must have analytical skills.
  • Must have strong interpersonal skills.
  • Must have ability to motivate employees.
  • Must have Leadership Skills.
  • Must be a Team player.
  • Must be highly responsible and able to take initiatives.
  • Diploma/Degree in Hotel Management and/or Accounting or equivalent.
  • Knowledge of Materials Control and POS system.
  • Excellent knowledge of Microsoft Office mainly EXCEL.
  • Minimum of 3 years experience in cost control/purchasing environment with at least 1 year experience in a similar capacity in a hotel.

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