Finance Executive - Cost Control

Monkeys Canopy Resort; Kajang; On-site; MYR 67,000 - 100,000; Full time

Job summary

Monkeys Canopy Resort in Kajang, Malaysia, invites a detail-oriented Cost Controller to lead cost reporting and financial analysis for the hospitality operations. You will prepare daily/weekly/monthly cost reports, monitor variances, and support budgets, forecasts, and financial projections to optimize profitability.

Collaborating with department heads, you will investigate cost variances, enforce internal controls, and ensure accurate cost tracking, recording, and month-end closing.

Qualifications

• Bachelor's Degree in Accounting, Finance, or a related field.
• Preferably 3 years of relevant accounting or finance experience, preferably in the hospitality or service industry
• Strong knowledge of financial reporting, costing and month-end closing
• Meticulous attention to detail with a high level of accuracy in data analysis, reporting, reconciliations, and documentation
• Proficient in Microsoft Office and accounting software (IDB system)
• Strong analytical, problem-solving, and communication skills
• Able to work independently and meet deadline
• Fresh graduates are encouraged to apply

Responsibilities

• Prepare daily, weekly, and monthly cost reports, variance analyses, forecasts, budgets, and financial projections highlighting trends, discrepancies, risks, and opportunities for cost optimization.
• Monitor, control, and analyze departmental costs, including kitchen, food & beverage, housekeeping, spa and other operational expenses, ensuring expenditures remain within approved budgets.
• Develop, implement, and maintain cost control procedures, systems, and internal controls to ensure accurate cost tracking, reporting, budgeting, and compliance.
• Collaborate with department heads to establish budgets, monitor spending, investigate cost variances, and recommend corrective actions to improve operational performance.
• Maintain accurate records and supporting documentation for cost-related transactions, inventory movements, purchases, expenses, and operational expenditures.
• Monitor inventory levels and stock-taking activities for food & beverage outlets, stores, housekeeping supplies, chemicals, spa products, and other operating supplies, ensuring accurate reconciliations for month-end closing.
• Ensure all spoilage, wastage, breakages, spillage, expired inventory, and stock discrepancies are properly documented, approved, and recorded in accordance with company procedures.
• Conduct regular audits and verification of invoices, purchases, inventory records, and expenses to ensure accuracy, safeguard assets, and minimize fraud or losses.
• Analyze food and beverage costs, outlet profitability, promotions, events, and menu offerings, providing recommendations to enhance profitability, operational efficiency, and cost savings.
• Perform any other duties and responsibilities assigned by the Finance Manager.

Skills

Financial analysis

Budgeting

Cost control

Month-end closing

Microsoft Office

Education

Bachelor's Degree in Accounting, Finance, or related field

Tools

IDB system

Job description

Prepare daily, weekly, and monthly cost reports, variance analyses, forecasts, budgets, and financial projections, highlighting trends, discrepancies, risks, and opportunities for cost optimization.

Monitor, control, and analyze departmental costs, including kitchen, food & beverage, housekeeping, spa and other operational expenses, ensuring expenditures remain within approved budgets.

Develop, implement, and maintain effective cost control procedures, systems, and internal controls to ensure accurate cost tracking, reporting, budgeting, and compliance.

Collaborate with department heads to establish budgets, monitor spending, investigate cost variances, and recommend corrective actions to improve operational performance.

Maintain accurate records and supporting documentation for cost-related transactions, inventory movements, purchases, expenses, and operational expenditures.

Monitor inventory levels and stock-taking activities for food & beverage outlets, stores, housekeeping supplies, chemicals, spa products, and other operating supplies, ensuring accurate reconciliations for month-end closing.

Ensure all spoilage, wastage, breakages, spillage, expired inventory, and stock discrepancies are properly documented, approved, and recorded in accordance with company procedures.

Conduct regular audits and verification of invoices, purchases, inventory records, and expenses to ensure accuracy, safeguard assets, and minimize fraud or losses.

Analyze food and beverage costs, outlet profitability, promotions, events, and menu offerings, providing recommendations to enhance profitability, operational efficiency, and cost savings.

Perform any other duties and responsibilities assigned by the Finance Manager.

Job Requirements

Bachelor's Degree in Accounting, Finance, or a related field

Preferably 3 years of relevant accounting or finance experience, preferably in the hospitality or service industry

Strong knowledge of financial reporting, costing and month-end closing

Meticulous attention to detail with a high level of accuracy in data analysis, reporting, reconciliations, and documentation

Proficient in Microsoft Office and accounting software (IDB system)

Strong analytical, problem-solving, and communication skills

Able to work independently and meet deadline

Fresh graduates are encouraged to apply