Job Summary
The Cost Controller is responsible for overseeing and managing all cost-related aspects of the hotel鈥檚 operations, ensuring financial efficiency without compromising the luxury standards of the property. This role plays a critical part in monitoring expenses, analyzing variances, and supporting department heads in maintaining optimal cost control across food & beverage, procurement, and overall hotel operations.
Key Responsibilities
- Monitor and control all hotel costs, with a strong focus on Food & Beverage, inventory, and operating supplies.
- Conduct daily, weekly, and monthly cost analysis reports and identify variances against budget and forecasts.
- Work closely with Executive Chef, Purchasing Director, and department heads to ensure effective cost management.
- Review purchase orders, invoices, and receiving reports to ensure accuracy and compliance with hotel policies.
- Perform regular inventory audits (food, beverage, and non-consumables) and investigate discrepancies.
- Develop and maintain standard costing models for menus and hotel services.
- Ensure proper pricing, portion control, and waste management practices are implemented.
- Support budgeting and forecasting processes by providing accurate cost data and insights.
- Maintain compliance with internal controls, audit standards, and corporate financial policies.
- Identify opportunities for cost savings while preserving the luxury guest experience.