JOB SUMMARY
The Cost Control Lead is responsible for calculating costs of items/goods and for the short and long-term planning of controlling and pricing aspects. Besides, ensuring cost-effective purchase of all materials and services as required by the procurement plan whilst guaranteeing quality control and compliance with the Company’s policies and procedures.
Additionally, s/he is responsible to record information and produce control reports periodically to help maintain a suitable inventory of items. S/he also changes the price of items based on the costing information collected and also actively take part in engineering the terms of pricing.
JOB DUTIES AND RESPONSIBILITIES
- Work in conjunction with all department heads to ensure maximum profitability.
- Provide critical assessment of all budgets and cost projections.
- Assess all incoming products, resources, and services to ensure the best price.
- Remain acutely aware of market trends that could impact resource costs.
- Commit to maximizing efficiency at all levels without compromising quality.
- Collaborate with department heads to strategize ways to minimize waste.
- Control the Food & Beverage cost in an efficient manner.
- Control the Food and Beverage outlets in terms of wastage, pilferage and efficiency.
- Prepare variance analysis for food & beverage and communicate with the relevant parties.
- Spot check on the receiving departments to ensure that the scales are correct and goods are checked for quality.
- Check and ensure that no material is issued out from the store without requisition or approval from the respective department head.
- Check the cost of sales in all F&B outlets and ensure that the costs are within budget.
- Check the menu pricing on the systems and ensure the correct prices are loaded.
- Develop and implement proactive solutions and cost-cutting measures.
- Roll out clear cost-saving programs with timelines and assessment goals.
- Maintain the security of the information held by the department.
- Maintain the Menu Pricing, Consumption and POS systems.
- Prepare regular Food & Beverage reports and share it with the management.
- Perform other work-related duties as assigned by management.
REPORTING LINE
- Reports directly to the Managing Partner.
REQUIRED SKILLS AND QUALIFICATIONS
- Bachelor of Commerce or Similar or 4-year bachelor's degree in Finance and Accounting or similar major
- A minimum of 6 to 8 years of experience in a similar role (Hospitality Industry).
- Good verbal and written communication skills.
- Good analytics and reporting skills.
- Experience with Accounting System, POS Systems and cost and inventory systems.
- Ability to multitask, work in a fast-paced environment.
- Have a high-level attention to detail.
- Ability to work independently and to partner with others to promote an environment of teamwork.
COMPENSATION & BENEFITS
- Salary package will reflect experience levels and will depend on the candidate.
- The above is a guide only and is subject to change.