Cost Controller

Job Description

Title: Cost Controller

Company Name: Renaissance Dhaka Gulshan Hotel RDGH

Vacancy: 1

Age: At least 30 years

Job Location: Dhaka (Gulshan)

Salary: Negotiable

Experience:

• At least 5 years
• The applicants should have experience in the following business area(s): Hotel

Published: 2024-05-28

Application Deadline: 2024-06-15

Education:

• Bachelor of Business Administration (BBA)

Requirements:

• At least 5 years
• The applicants should have experience in the following business area(s): Hotel

Skills Required: adoptability of quick change over,Cost and Inventory Management,Leadership and Good Communication skill.,People Management,Proactive and Positive attitude,Purchase/ Procurement,Store/ inventory

Additional Requirements:

• Age At least 30 years

Responsibilities & Context:

The Cost Controller is responsible for monitoring, controlling, and managing the costs associated with the hotel`s food and beverage and other operations. This role involves maintaining accurate records, analyzing financial data, and implementing cost-saving strategies while ensuring that the highest quality standards are maintained in all F&B outlets.

CORE WORK ACTIVITIES

• Maintain a detailed inventory of all food and beverage items in stock.
• Regularly conduct physical inventories and reconcile them with system records.
• Ensure adequate stock levels while minimizing wastage.
• Monitor and analyze the cost of food and beverage products.
• Identify cost variances and investigate discrepancies.
• Recommend and implement cost-saving measures without compromising quality.
• Negotiate with suppliers to obtain the best prices and quality for products.
• Ensure compliance with vendor contracts and agreements.
• Evaluate supplier performance and recommend changes when necessary.
• Oversee the receiving process to ensure the accuracy and quality of products received.
• Review purchase requisitions and approve orders in accordance with established guidelines.
• Assist in the development of the annual food and beverage budget.
• Provide financial data and cost projections to support budgeting and forecasting processes.
• Prepare regular reports on F&B costs, consumption, and variances.
• Present findings and recommendations to management.
• Collaborate with chefs and F&B managers to analyze menu item profitability.
• Suggest menu changes or pricing adjustments based on cost analysis.
• Ensure compliance with internal controls, accounting standards, and company policies.
• Maintain accurate and organized records of financial transactions related to food and beverage.
• Train and educate F&B staff on cost control procedures.
• Implement waste reduction strategies to minimize food and beverage waste, ensuring efficient use of resources.
• Conduct regular audits of food and beverage costs, processes, and documentation to maintain accuracy and integrity in cost control measures.
• Develop and update standard operating procedures related to cost control, inventory management, and procurement.
• Collaborate with the finance department to provide data for financial forecasting and track the performance of the F&B department against budgeted goals.
• Stay informed about and ensure compliance with relevant food safety regulations and licensing requirements.
• Analyze the cost of sales for food and beverages, identifying trends and variances.
• Implement strategies to optimize the cost of sales, including portion control and efficient use of ingredients.
• Monitor pricing effectiveness and adjust as needed to maximize profitability.
• Foster strong and collaborative relationships with suppliers and negotiate favorable terms and conditions.
• Evaluate supplier performance and ensure timely deliveries and product quality.
• Ensure that food safety and hygiene standards are met, including HACCP (Hazard Analysis and Critical Control Points) guidelines.
• Conduct regular audits to verify compliance with food safety regulations.
• Analyze beverage inventory and suggest strategies to minimize losses and waste.
• Training and guidance to F&B staff on cost control best practices and the importance of managing costs effectively.
• Assist with the financial closure process at the end of each month and fiscal year, providing accurate data for financial reporting.
• Stay updated on the latest software and technology solutions for cost control, inventory management, and procurement to improve efficiency.
• Prepare detailed financial reports for management, highlighting key cost control metrics, and presenting recommendations for improvement.

Job Other Benifits:

• Mobile bill
• Lunch Facilities: Full Subsidize
• Salary Review: Yearly
• Festival Bonus: 2

Attractive Service Charge benefit Compensatory Duty Meal Bereavement Leave & Others as per Law Group Insurance Coverage Uniform & Complimentary Laundry Facility Extensive Take Care Activities Engaging Work Environment In-house Doctor Support Comprehensive Learning & Development Program Career Advancement

Employment Status: Full Time

Job Work Place: Work at office

Company Information:

Gender: Male and Female can apply

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Category: Hospitality/ Travel/ Tourism