Cost Controller

InterContinental Hotels Group; Kuala Lumpur; On-site; MYR 40,000 - 60,000; Full time

Job summary

A leading hotel chain in Kuala Lumpur seeks a Cost Controller to manage day-to-day operations of cost control and ensure accuracy in hotel inventory levels. The ideal candidate should possess a Bachelor's degree in Accounting and Finance with 2+ years of relevant experience. Key responsibilities include monitoring cost variances, maintaining internal controls, and ensuring timely completion of inventories. This role offers an opportunity to enhance operational efficiency and work collaboratively with various departments.

Qualifications

• 2 years’ experience in cost control or accounting roles.
• Proficient in Microsoft Office and procurement systems.
• Professional accounting or finance designation preferred.

Responsibilities

• Manage daily operations of cost control and inventory.
• Monitor and analyze cost variances against the budget.
• Maintain accurate month-end inventories to minimize waste.

Skills

Problem-solving

Organizational skills

Communication skills

Teamwork

Education

Bachelor’s degree in Accounting and Finance

Tools

Microsoft Office

Material Control

Job description

• Manage day to day operation of the cost control, storeroom & receiving staff. Establish and communicate goals and objective.
• To ensure that all are being costed out and transfer accordingly. Monitor and analyse cost variances and ensure alignment with the budget
• Manage and maintain hotel inventory levels; ensure month-end inventories are completed in a timely and accurate manner to ensure appropriate levels are maintained which minimize waste and maximize ration turnover of perishable items.
• Ensure Yearly HOE inventories are completed in a timely and accurate manner.
• Maintain periodic spot checks are done in outlets to avoid pilferage and ensure recording are in order. Recordings of the spot check done to be kept for further internal audit.
• Ensure all staff is properly trained and have the tools and equipment needed to effectively carry out their job functions.
• Performs ad hoc tasks and functions as and when assign or instruct from time to time by Director of Finance & Business Support.
• Forecast operational needs and schedule deliveries accordingly to meet the hotel’s operational requirements.
• Maintain internal controls over the requisitioning and issuing of items; develop and maintain receiving and cost control system; direct the delivery of supplies to appropriate departments or storage areas; and ensure reports and records are updated and forwarded to the accounts payable for payment, based on company and hotel policies and procedures.
• Promote compliance by advising department heads of potential cost overruns, new regulations, or potential violations to established standards. Act as expert resource and guide in process control activities and requirements.
• Complete receiving reports, food and beverage costs report; and other reports as required.
• To ensure that daily food & beverage cost flash report are accurate and disseminated to the relevant personnel.
• Promote teamwork and quality service through daily communication and coordination with other departments. Key departmental contacts include hotel department heads to obtain/provide information.

What We Need From You

• Bachelor’s degree / higher education qualification / equivalent in Accounting and Finance.
• 2 years’ experience in an assistant cost controller or accounting clerical or similar; or an equivalent combination of education and work experience.
• Proficient in the use of Microsoft Office and Procurement and Inventory System – Material Control
• Problem solving, reasoning, motivating, organizational and training abilities.
• Professional accounting or finance designation or certification preferred .
• Communication skills are utilized a significant amount of time when interacting with clients and the guests.