Cost Controller

Filinvest Development Corporation; Tocmo; On-site; PHP 669,600 - 892,800; Full time

Job summary

A leading hospitality firm is seeking a Cost Controller to manage financial efficiency, monitor expenditures, and prepare financial reports. The ideal candidate has a Bachelor's degree in Financial Management with at least 7 years of finance experience, including 3 years in a supervisory role. This role involves collaborating with various departments, training staff on accounting systems, and implementing cost control policies to enhance operational efficiency.

Qualifications

• At least 7 years of experience in the finance department.
• Minimum of 3 years in a middle manager or supervisory role.
• Familiarity with different hospitality organizations.

Responsibilities

• Monitor expenditures and optimize procurement for financial efficiency.
• Prepare financial reports related to food cost, wastage, and inventory management.
• Oversee storeroom maintenance and ensure standards are met.
• Conduct training on hotel and accounting systems.

Skills

Cost analysis

Inventory control

Financial reporting

Variance analysis

Education

Bachelor's degree in Financial Management or related field

Job description

FILINVEST COMPANY: GRAFIK PINE HOUSE BAGUIO

Position Summary:

In accordance with the policies, procedure and standards of Chroma Hospitality and Grafik Pine HouseBaguio, As the Cost Controller you play a critical role in managing the property's financial efficiency bymonitoring expenditures, optimizing procurement, and ensuring cost-effective operations. Your expertisein cost analysis, inventory control, and financial reporting directly supports profitability and budgeadherence across the hotel.You are expected to collaborate and work with various operating departments in the hotel. You will guidethe team in ensuring they are able to manage their departmental expenditures that affect their overall P&L.

Scopes and Responsibilities:

• You are expected to be familiar and master the Finance system suchas Business Central and LS Central
• You must be able to understand the transaction flow to be able togenerate needed reports and see potential problems ordiscrepancies
• You will prepare financial reports related to Food cost, Wastage, Beverage reports, Inventory management reports and other relevant reports that may be required by management
• Understand recipe management and its impact to costing, knowsrecipe costing
• Conduct spot checks on portion control, butchery and buffet testingand provide reports on the spot checks done.
• Oversee the Receiving of items to ensure these are as per standards,
  properly recorded in the system.
• As the Cost Controller you know how to read and interpret varianceanalysis and recommend remedial action plans to take to ensureefficiency
• Conduct a periodic review of PAR STOCK levels to compare with themovements or business demands.
• You will be able to recommend updated PAR STOCK levels that willmanage cost and inventory better
• Maintain an updated inventory list on all stores
• Review with Purchasing department the lead time for orderfulfillment to ensure that products or stocks are delivered on time toprevent any operational disruption
• Oversee the Storerooms that these are properly maintained, items are monitored
• You will be championing use of finance and accounting andmaterials and management systems
• Fully understands the digital transaction process flow of propertiesand department
• Able to teach and conduct training on hotel and accounting systems
• Maximize the use of these tools to generate reports and insightsrelating to the management of hotel inventories and resources.
• You are able establish implement Cost control policies andprocedures.
  As cost controller you are in coordination with auditors and legal forall the audit requirements compliance
• Knowledge of hotel reporting, such as budgets and forecast and be able to make recommendation on how they can be realized and achieved

Qualifications:

• Bachelors degree in Financial Management, Accountancy or related field
• Minimum of 7 years experience in Finance department
• Ideally, with min of 3 years middlemanager/supervisory position ( Cost Control
  Supervisor, Auditor)
• Knowledge, familiarity and connection with differenthospitality organizations