Cost Controller at Ogeyi Place Hotels Limited

Ogeyi Place Hotels Limited is a leading 5-star international luxury hotel strategically located in the city of Port Harcourt.

We are recruiting to fill the position below:

Job Title: Cost Controller

Location: Port Harcourt, Rivers
Employment Type: Full-time
Reports To: Financial Controller

Brief

• This position is responsible for the effective control over food and beverage inventory, cost management, wastages and pilferage. He or she works towards achieving targeted cost of food and beverage without compromising the established quality or quantity of portions. As a cost controller, your job duties include verifying costs with vendors and suppliers, estimating expenditures, and recommending cost-saving measures to upper management. To become a cost controller, you need a bachelor's degree in business, finance, or a related field and several years of industry experience.

Cost Controller Duties and Responsibilities

• Able to effectively control the Food & Beverage Cost.
• Study, analyze and report on all variances relating to costs and inventory management within the hotel administration.
• Supervise the daily receiving and storekeeping activities.
• Account for inventory movements with proper documentation.
• Prepare and verify reports ie officer checks, F&B entertainment checks, F&B costs and analysis,etc
• Define minimum and maximum stock levels, par stock management systems
• Perform daily and monthly F&B reconciliations, using POS system
• Perform the physical count of beverage stocks and month-end inventory
• Work closely with the Purchasing Department to monitor for all pending or partial deliveries
• Control the Food and Beverage outlets in terms of wastage, pilferage and efficiency.
• Prepare variance analysis for food & beverage and communicate with relevant parties.
• Check and verify all staff meals and staff discounts.
• Prepare daily staff meal cost report.
• Participate in stock-taking at the restaurants.
• Spot-check on the receiving department to ensure that the scales are correct and goods are checked for quality.
• Check and ensure that no material is issued out from the store without requisition or approval from the respective department head.
• Check and ensure all menu items have a recipe.
• Coordinate with restaurant management and finance to sort out issues about F&B.
• Check the menu pricing on the POS systems and ensure the correct prices are loaded.
• Check the restaurant and bar checks on daily.
• Check the complimentary and confirm that all are approved.
• Continuously study weaknesses in F&B control implemented at the Hotel and provide suggestions for improvements.
• Check the daily Food and beverage revenues report submitted by the income audit for the accuracy of covers and average check.
• Responsible for preparing daily Food and Beverage Report and distributing to management.
• Prepare Duty Drinks and management report and confirm that this is as per entitlement.
• Prepare the daily and monthly cost report department in relation to cost of sales.
• Any other tasks as and when required by the management.

Supporting Strategic Planning and Decision Making:

• Analyzes financial data and market trends.
• Assists in analyzing information, forecasts sales against expenses and creates annual budget plans.
• Thinks creatively and practically to develop, execute and implement new business plans
• Protects and strengthens our competitive advantage by advocating and supporting sound business and financial decision making.
• Implements a system of appropriate controls to manage business risks.
• Compiles information, analyzes and monitors actual sales against projected sales.
• Assists in developing means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.

Leading Accounting Teams:

• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
• Provides excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority.
• Holds staff accountable for successful performance.
• Communicates the goals and the owner priorities to subordinates in a clear and precise manner.

Developing and Maintaining Finance and Accounting Goals:

• Supports property strategy from a finance and accounting perspective
• Submits reports in a timely manner, ensuring delivery deadlines.
• Ensures appropriate corrections are made to audit results if necessary.
• Reviews audit issues to ensure accuracy.
• Ensures Profits and Losses are documented accurately.
• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.

Managing Projects and Policies:

• Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
• Ensures compliance with Standard Operating Procedures (SOPs).
• Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
• Generates and providing accurate and timely results in the form of reports, presentations, etc.
• Ensures compliance with standard and local operating procedures (SOPs and LSOPs).
• Oversees internal, external and regulatory audit processes.

Health and Safety:

• Fully understands the hotel’s fire, emergency, and bomb procedures
• Ensures that emergency procedures are practiced and enforced to provide for the security and safety of guests and employees.

Requirements

• Good verbal and written communication skills.
• Good analytics and reporting skills.
• Have a high-level attention to detail.
• Ability to work independently and to partner with others to promote an environment of teamwork.
• Experience with Accounting System, POS Systems and cost and inventory systems.
• Ability to multitask, work in a fast-paced environment.

Education

• Bachelor of Commerce or Similar or 4-year Bachelor's Degree in Finance and Accounting or similar major

Experience:

• At least 3 years’ experience at the same role with an up-scale (4/5 Star) hospitality environment.

How to Apply
Interested and qualified candidates should send their CV in Microsoft Word format to: [email protected] using the "Job Title" as the subject of the mail

Application Deadline  27th December 2023