Cost Controller at Universal Human Resource Consult

Job Description

• The Cost Controller is responsible for implementing, monitoring, and maintaining robust cost and inventory control systems across all hotel departments, with a particular focus on Food & Beverage (F&B) and operational supplies.
• This role ensures cost efficiency, accuracy in financial reporting, and strict adherence to established financial policies and procedures to maximize hotel profitability.

Key Responsibilities

• Daily tracking and control of food, beverage, and other operational costs against approved budgets and standard costs.
• Conduct detailed weekly and monthly variance analysis, investigating significant discrepancies (e.g., high consumption, low gross profit, inventory losses) and reporting findings to the Financial Controller and Department Heads.
• Maintain up-to-date and accurate standard recipe costs for all F&B items, ensuring menu prices reflect desired profit margins.
• Oversee and monitor the entire stock movement process, including purchasing, receiving, issuing, and transfers of all materials.
• Coordinate and participate in regular physical stocktakes (monthly/quarterly). Reconcile physical counts with system records and report variances.
• Ensure correct security procedures are maintained in all store areas to prevent losses and ensure the "First In, First Out" (FIFO) principle is followed for stock rotation.
• Ensure all stock movements are accurately and timely input into the relevant cost control or inventory management software.
• Check and verify supplier invoices against purchase orders, delivery notes, and agreed-upon price lists, flagging any price variances to the Purchasing department.
• Research and maintain records of current market prices for key commodities to assist the Purchasing department in negotiating the best rates.
• Prepare and distribute daily, weekly, and monthly cost reports, including F&B cost reports, consumption reports, and inventory valuation reports, for management review.
• Assist the Financial Controller in preparing annual budgets and forecasts related to cost of goods sold and operating supplies.
• Ensure all cost control activities comply with internal policies, accounting principles, and external audit requirements.

Requirements

• Diploma or Bachelor’s Degree in Accounting, Finance, Hospitality Management, or a related field.
• Minimum of 5 years of experience in a Cost Controller or similar financial role, preferably within a 4 starhotel environment.

Skills:

• Proficiency in hotel-specific cost control/inventory systems (e.g., Material Control, Micros, Opera, Fidelio).
• Advanced proficiency in Microsoft Excel for analysis and reporting.
• Strong analytical, numerical, and problem-solving skills.
• Exceptional attention to detail and meticulousness in data handling.

Salary
N300,000 / month