Cost Controller

InterContinental; Saudi Arabia; On-site; SAR 30,000 - 60,000; Full time

Job summary

Join a forward-thinking company in the hospitality sector as a Cost Controller. In this role, you will implement cost control procedures, manage inventory, and ensure accurate financial reporting. With a focus on teamwork and trust-building, you will collaborate with various departments to optimize purchasing needs and maintain supplier relationships. This position offers a dynamic work environment where your analytical skills will be key in driving operational efficiency and cost-effectiveness. If you have a passion for the hospitality industry and a keen eye for detail, this opportunity is perfect for you.

Qualifications

• 5+ years of experience in hotel accounting.
• Recognized for teamwork and building trust.

Responsibilities

• Implement procedures for cost control and manage stock software.
• Conduct inventory counts and prepare cost reports.

Skills

Cost Control

Inventory Management

Supplier Management

Analytical Skills

Education

Bachelor's Degree in Accounting or Finance

Tools

Micros Symphony

Job description

Every day is different, but you will mostly be:

1. Implement necessary procedures for cost control.
2. Calculate F&B cost ratios and propose corrective actions.
3. Manage the creation, updating, or deletion of items in the stock management software.
4. Update supplier prices in the database.
5. Assist all internal hotel stakeholders in defining and validating purchasing needs.
6. Ensure competitive intelligence and regular benchmarking of suppliers and products/services in partnership with the Group Purchasing Department.
7. Ensure that duty meal checks and F&B entertainment checks are processed in line with established procedures, preparing a daily entertainment report in the Income Auditor's absence.
8. Calculate the cost of all recipes, inter-kitchen transfers, and food and beverage consumed by hotel employees.
9. Oversee updates to F&B menu items in the POS system, maintaining independent control of restaurant and bar menus.
10. Establish and enforce a min/max par stock management system, ensuring strict compliance by all relevant parties.
11. Verify that all goods received and issued from the hotel’s main stores are accurately documented and accounted for.
12. Conduct daily and monthly food and beverage reconciliations using POS-generated sales analysis reports, explaining any discrepancies.
13. Perform monthly physical inventory counts of warehouse and operational stocks, ensuring strict adherence to hotel procedures, with final balances reconciled against the general ledger.
14. Prepare daily and monthly F&B cost reports, providing detailed analyses of exceptional variances, cost trends, slow-moving items, breakages, and losses.
15. Coordinate with the Chief Steward, F&B, and housekeeping teams to conduct biannual counts of operating equipment for accurate inventory tracking.

Qualifications

1. Minimum 5 years of experience, ideally in hotel accounting.
2. Rigorous, methodical, and recognized for your ability to work in a team and build trust.
3. Knowledge of Micros Symphony software is a plus.

Company Industry

• Hotels
• Hospitality

Department / Functional Area

Keywords

• Cost Controller

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