Asst. Cost controller

Job Title: Asst. Cost Controller

Department: Finance/Accounting
Reports to: Finance Manager/Director of Finance
Location: Promenade
Job Type: Full-time

Job Overview:

The Cost Controller is responsible for monitoring and controlling the costs of all hotel operations to ensure efficient resource usage, reduce expenses, and maintain profitability without compromising quality. The role involves working closely with various departments, including F&B, procurement, and operations, to implement cost-effective measures, track budgets, and analyze financial data.

Key Responsibilities:

• Cost Control & Monitoring:
• Oversee the day-to-day cost control operations for the hotel, including food, beverage, and general supplies.
• Track, analyze, and report cost variances against budgets and forecasts.
• Ensure accurate recording of all inventory transactions.
• Inventory Management:
• Maintain updated inventory records and conduct regular physical inventories.
• Monitor stock levels and work with the purchasing team to ensure that orders are placed efficiently, minimizing waste and avoiding stock shortages.
• Review slow-moving and obsolete stock for disposal or discounting strategies.
• Budgeting & Forecasting:
• Assist the Finance Manager in preparing and reviewing annual budgets and forecasts for all departments.
• Provide monthly financial analysis and reports to department heads and senior management.
• Monitor adherence to budgetary guidelines and provide recommendations for cost-saving initiatives.
• Supplier & Vendor Management:
• Negotiate with suppliers to obtain the best possible pricing and contract terms.
• Ensure that purchases align with the hotel’s quality and cost expectations.
• Conduct periodic reviews of supplier contracts to identify cost-saving opportunities.
• Costing & Pricing:
• Assist in pricing menu items in collaboration with the F&B team to ensure competitive and profitable pricing.
• Conduct regular audits of menu costing and sales to ensure profitability.
• Track promotional and seasonal offers, and measure their impact on profitability.
• Internal Controls:
• Implement and maintain internal controls for purchasing, receiving, and stock handling processes.
• Conduct spot checks on cash transactions and reconciliations to minimize fraud and theft risks.
• Ensure compliance with hotel policies, procedures, and relevant financial regulations.
• Data Analysis & Reporting:
• Prepare financial and operational reports, highlighting key trends in cost management and suggesting corrective actions where necessary.
• Develop KPIs to measure cost performance and operational efficiency.
• Provide insightful analysis of financial data to support decision-making by management.

Job Types: Full-time, Permanent

Pay: ₹16,000.00 - ₹18,000.00 per month

Benefits:

• Food provided
• Health insurance
• Life insurance

Experience:

• total work: 5 years (Required)

Work Location: In person