The Cost Controller controls and reconciles all items costs by thoroughly analyzing invoices requisitions and products received menus and production. All work is carried out in accordance with company accounting and financial controls under the supervision and functional guidance of the Financial Controller or his designate within the policies and procedures as outlined by CEO in line with company and corporate policies guidelines and the company s business plan.
Duties & Responsibilities:
1. Responsible to control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.
2. Provide planning and cost controlling support for all projects which includes variation reporting monitoring of milestone progress to the preparation of customer billing processes etc
3. Coordinate and work with the project management team to resolve project issues to ensure the delivery/completion of the project work.
4. Perform project costing related reporting to the team and management s review on a monthly basis to ensure that expenditures are kept within the project budget
5. Examines all invoices verifying quantities ordered and received against the order sheets and purchase orders
6. Compares quoted prices to invoice prices
7. Verifies invoices on a selective basis and occasionally spot checks invoice unit costs to match them with the market quotation sheet.
8. Ensures that all items requisitioned are properly accounted for by observing the requisitioning process
9. Reviews total food and beverage requisitions for pricing and extension accuracy
10. Maintains costs percentages on a daily basis for food & beverage and general and prepares a daily report
11. Works with the Executive Chef to coordinate tracking of high cost items in all area
12. Reconciles all food and beverage costs deviations between requisitioned costs and physical inventory cost on a monthly basis
13. Updates menu costs quarterly for all outlets and meal periods
14. Observes storerooms inventory procedures and takes action when necessary
15. Supervises and assists in taking physical inventories of all assets
16. Performs closing duties relevant to the accounting of the food and beverage department
17. Prices and extends all monthly food and beverage inventories
18. Debits miscellaneous food cost deductions to proper ledger accounts and credits food and beverage cost accounts so that both sides balance
19. Prepares preliminary food and beverage cost report to summaries purchases
20. Prepares menu potentials by developing and compiling accurate menu abstracts
21. Develops potential cost of sales and future menu pricing adjustments with the Food and Beverage Manager
22. Checks merchandise received daily to determine that it conforms to weight trim and count specifications
23. Tests for suitable quality and accurate menu pricing by performing yield tests of specific products
24. Works closely with Food and Beverage Manager to develop menu pricing of food and beverage products
25. Prepares cost breakdowns of food and beverage
26. Insures that items are prepared and stored as specified
27. Reviews daily food production as it relates to cover forecasts to make sure that it is according to plan
28. Supports a safe company by applying company regulations and adhering to existing laws and regulations
29. Anticipates possible and probable hazards and conditions and takes action to prevent them from happening
30. Maintains the highest standards of personal hygiene dress uniform appearance body language and conduct
31. Be cooperative to HOD and the entire team for all other duties and do direct job or indirect job to be one team. You may be required to undertake other duties or you may work in another department from time to time as the company may require according to the business requirements.
Laws Regulations And Policies:
Follows all applicable laws relating to general accounting practices
Complies fully with the set financial reporting deadlines and guidelines as outlined by the Financial Controller
Other Responsibilities:
Show involvement and be interested in environmental and/or social issues by participating in departmental activities
Informs and updates the Financial Controller on problems and unusual matters
Attends meetings and training required by the Financial Controller
Assists colleagues when needed
Accepts flexible working schedule when necessary for the company s uninterrupted service
To always be updated on:
company facilities and special promotions
Marketing promotions
Laws relating to own field of responsibility
Stays abreast of current and new industry technology relating to function
Performs required duties and responsibilities in a timely and efficient manner to achieve the overall objective of the position
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