Cost Controller

Company Description

Job Description

Position Summary:

All Inclusive Collection Properties is seeking an experienced and detail-oriented Cost Controller to manage and monitor the hotel’s cost structure, ensuring effective cost control and maximizing profitability. The Cost Controller will oversee the financial analysis of departmental expenses, establish and track cost standards, and ensure that spending aligns with the hotel’s financial goals. This role will work closely with various departments to provide valuable insights and recommendations for improving operational efficiency.

Key Responsibilities:

• Cost Monitoring: Monitor, analyze, and control costs across all departments, including food and beverage, housekeeping, and maintenance, to ensure budget adherence.
• Budgeting & Forecasting: Assist in the preparation of departmental budgets and forecasts. Monitor actual performance against the budget and analyze variances to ensure financial targets are met.
• Cost Reporting: Prepare and present detailed cost reports, including profit and loss statements, cost analysis, and variance reports, to senior management.
• Inventory Management: Oversee inventory control, including conducting regular physical counts of inventory, and ensure accurate recording of goods received and used.
• Standard Costing: Establish and maintain standard costs for materials, supplies, and services. Ensure that all cost standards are regularly reviewed and updated.
• Supplier Negotiations: Assist in negotiating with suppliers to secure the best possible pricing and ensure cost-effective procurement of goods and services.
• Cost Analysis: Analyze cost trends, identify areas of inefficiency, and make recommendations for cost-saving initiatives without compromising quality or guest satisfaction.
• Internal Controls: Ensure compliance with financial policies and procedures, and establish internal controls to prevent fraud, waste, and inefficiency in cost-related activities.
• Cross-Departmental Collaboration: Work closely with department heads to assess and optimize cost efficiency across operations, including food and beverage, housekeeping, and other operational areas.
• Training & Support: Provide training and support to department managers on cost control procedures and cost-conscious decision-making.

Qualifications

• Qualifications & Skills:

  • Educational Background: Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
  • Experience: Minimum of 3 years of experience in cost control, accounting, or finance, preferably in the hospitality industry.
  • Technical Skills: Proficiency in accounting software (e.g., Microsoft Dynamics, SAP), hotel management systems (such as Opera or Micros), and Microsoft Office Suite (particularly Excel).
  • Attention to Detail: Strong attention to detail, with the ability to analyze complex financial data and identify cost-saving opportunities.
  • Analytical Skills: Ability to interpret financial data, perform variance analysis, and provide actionable insights to improve cost efficiency.
  • Problem-Solving: Strong problem-solving skills with the ability to identify cost issues and provide solutions that enhance profitability.
  • Communication Skills: Excellent written and verbal communication skills, with the ability to collaborate effectively with cross-functional teams and management.
  • Time Management: Strong organizational skills with the ability to manage multiple tasks, prioritize deadlines, and work under pressure.
  • Confidentiality: Ability to maintain confidentiality regarding financial data and sensitive operational information.

  Sustainability: Commit to and maintain sustainable practices by ensuring cost control measures that promote resource efficiency, waste reduction, and eco-friendly operations. Align with the hotel’s broader ESG (Environmental, Social, and Governance) and CSR (Corporate Social Responsibility) objectives to drive a positive impact across all pillars of sustainability.
  Compliance and Standards: Ensure full compliance with local legal requirements, company financial policies, ISO standards, and industry best practices. Regularly review and update cost control processes to ensure alignment with evolving legal and regulatory requirements.
  Food Safety & Hygiene: Ensure compliance with food safety and hygiene regulations related to cost control, particularly in food and beverage operations, ensuring that financial decisions do not compromise quality or safety standards.

Additional Information

What awaits you...

• The opportunity to join an international and innovative and fast-growing group, committed not only to building new hotels, but to creating a global brand.
• The ability to challenge the norm and work in an environment that is both creative and rewarding.
• Be part of a team that is very passionate about creating great hospitality experiences and exploring new locations with every opportunity.
• A competitive package and plenty of development opportunities.