Cost Controller

Job Title: Cost Controller Manager (Cluster)

I. Job Purpose:

• Cost management monitoring and controlling updates and changes to costs budget and the cost baseline of the project. Monitoring and controlling costs by project expenditure of project funds and the work performed as a result of those expenditures.
• Major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments.
• The cost performance compares with business results.

II. Duties & Responsibilities:

• Supervise cost control receiving and stores team for all locations.
• Check the posting of all the items received for operation with supplier contracts on a daily basis.
• Check on variances such as quantity ordered and quantity received, unit price, etc.
• Check postings of all transfers, issues, and store requisition forms for appropriate authorizations.
• Investigate the reason for spoilage issues and make the necessary adjustments in the system.
• Prepare inventory adjustment authorization forms for the Financial Manager's approval.
• Perform butcher tests to calculate the yield percentage for all meat and seafood items as and when introduced in the menu.
• Perform month-end F&B inventory and spot checks on direct purchases.
• Check on portion control on prepared food, butchery, and grill items.
• Approve food & beverage requisitions by Axapta.
• Check the monthly purchase requisition for all the storeroom items raised by storekeepers for its quantity on hand, last price paid, and quantity to order.
• Conduct the Supplier Audit on a monthly basis to ensure that supplier delivery amounts match as per contract and market.
• Verify all purchased invoices with LPO and forward to Accounts Payable for payment.
• Data entry in the system and article creation to purchasing orders.

III. Experience, Education & Competencies:

Minimum Education: Postgraduate specialized in cost management.

Work Experience Required: 10 years in Hospitality & Catering.

Competencies: Finance / Accounting & Procurement functions & Operations.

Certificates & Licenses: Finance & Accounting.

V. Interrelationships (Communications & Working Relationships):

• Managerial Skills with strong Communication.

VI. Framework Boundaries & Decision Making Authority:

• Decision making within responsibilities.

VII. Work Environment and Physical Demands:

• Team players.