Cost Controller
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Key skills for this role
About the Role
The Cost Controller is responsible for managing, monitoring, and reducing operational expenses within the hotel, with a primary focus on Food & Beverage (F&B) and retail operati.
Key Skills for This Role
Responsibilities
- Calculate and monitor daily, weekly, and monthly food and beverage cost percentages
- Establish standard recipes, yields, and portion sizes in collaboration with Executive Chef and F&B Director
- Oversee monthly and perpetual physical inventory counts for all food, beverage, operating supplies, and retail stock
- Investigate and explain significant variances between theoretical stock and actual physical counts
- Conduct random spot checks on receiving docks to ensure items match purchase orders
Requirements
- Experience in cost control or finance within hospitality
- Knowledge of inventory management and auditing
- Strong analytical and problem solving skills
- Proficiency in inventory management systems
Full Job Posting
Job Overview
- The Cost Controller manages, monitors, and reduces operational expenses within the hotel, focusing on F&B and retail operations.
- Works closely with culinary, purchasing, and finance teams to ensure goods received, stored, and issued align with budget and profitability goals.
- Implements strict inventory controls, analyzes variances, and identifies areas of waste.
Key Responsibilities
- Calculate and monitor daily, weekly, and monthly food and beverage cost percentages.
- Establish standard recipes, yields, and portion sizes in collaboration with Executive Chef and F&B Director.
- Calculate potential cost of menus vs. actual costs to identify pricing opportunities or cost leaks.
- Conduct regular spot checks on portion sizes, preparation methods, and waste management.
- Oversee and coordinate monthly and perpetual physical inventory counts.
- Investigate and explain significant variances between theoretical stock and actual physical counts.
- Conduct random spot checks on receiving docks to ensure items match purchase orders.
- Monitor store room cleanliness, rotation (FIFO), and security to prevent spoilage and theft.
- Maintain and update inventory management system with accurate pricing, recipes, and supplier data.
- Review purchasing requisitions and orders to ensure alignment with forecasted occupancy and events.
- Analyze market trends and supplier prices to negotiate better rates or suggest alternative vendors.
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