Summary
The Assistant Cost Controller plays a key supporting role in the finance team, assisting the Cost Controller in monitoring, analyzing, and controlling costs to ensure the financial efficiency and profitability of the organization. This role involves hands-on activities such as inventory checks, cost analysis, reporting, and supporting daily operational controls, with a focus on accuracy and compliance.
Key Responsibilities
- Assist the Cost Controller in daily cost control activities, including monitoring and analyzing costs across departments.
- Conduct regular stock takes and spot checks of various stores, ensuring accuracy and timely reporting of inventory levels.
- Participate in bi-annual operating equipment inventories and report any losses or discrepancies.
- Verify spoilage reports and ensure proper accounting for losses.
- Input new items, pricing, and menu changes into Point of Sale (POS) systems and ensure data integrity.
- Import and reconcile daily sales data from POS to inventory management systems for accurate cost allocation.
- Account for daily inter-outlet transfers and maintain up-to-date inventory records.
- Conduct random spot checks on receiving goods, verifying invoice quantities and quality against actual deliveries.
- Assist in conducting market surveys on key products to ensure competitive pricing and quality.
- Prepare and present periodic financial and variance reports to management.
- Collaborate with department heads to identify cost-saving opportunities and recommend process optimizations.
- Support the preparation of annual budgets and cost forecasts.
- Ensure compliance with internal controls, company policies, and relevant regulations.
- Assist in the implementation and optimization of cost control systems and procedures
Qualifications and Skills
- Bachelor’s degree in Accounting, Finance, Hotel Management, or a related field.
- Strong analytical and problem-solving skills, with attention to detail.
- Proficiency in MS Office (especially Excel) and experience with accounting or inventory management software
- Excellent verbal and written communication skills in English.
- Ability to work independently and as part of a team, with strong interpersonal skills.
- Well-organized, able to prioritize tasks, and manage time effectively.
- Knowledge of internal controls, budgeting, and financial reporting procedure