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Cost Controller

Posted 15 days ago by Confidential Company
Location Job Type Sector Closing Date
Erbil Permanent Finance 2022-12-21

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.

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