Cost Controller-Ramada By Wyndham Manama City Centre

Job Summary

The Cost Controller is responsible for implementing and maintaining control systems for sales and costs. Supervises Receiving and Storage Department accounts. Assists Food and Beverage Manager with pricing, testing and menu planning. Act as a professional activity iN all activities involved in obtaining materials at minimum costs.

Education & Experience

• At least 3 years experience in the same role with an up-scale (4/5 Star) hospitality environment.
• Experience with Accounting Systems, POS Systems, and cost and inventory systems
• Ability to multitask, and work in a fast-paced environment
• Good interpersonal skills
• Well organized and independent
• Keen eye for detail and meticulous in performing duties
• Good Knowledge of spreadsheets and Word documents.

Fundamental Requirements

• Monitor and control all costs associated with the hotel
• To analyze the supply, demand, and prices and to assess the local events as they affect materials.
• Review and reconcile invoices and purchase orders
• Identify areas of cost savings and control
• Prepare variance analysis for food & beverage and communicate with relevant parties
• To develop the purchasing policies, procedures, and plans.
• Provides correct expense figures as requested to be given to Heads of Departments
• Check and verify all complimentary sales in POS systems.
• Check and verify all team members meals and discounts.
• Ensures the accurate recording of all sundry and consumable goods purchased.
• Provides daily cost of all sundry and consumable goods issued to various hotel departments.
• Monitors daily input of stock movement (purchasing, receiving, issuing, and transfers) into computer system on a cost basis.
• Analyzes food and beverage costs weekly.
• Prepares timetable and stock sheets for regular stock takes and coordinates timely counting and valuation
• Responsible for maintaining the Menu Pricing, Consumption, and POS systems
• Check and cross-verify if all sales have been transferred correctly to the Property Management systems (PMS).

General Requirements

• Check the menu pricing on the POS systems and ensure the correct prices are loaded
• Ensure compliance with internal policies and procedures
• Approves invoices and statements for purchase prices as detailed from purchasing.
• Ensures sufficient supply of all stationery items required for efficient operation.
• To co-operate with all organizations and persons engaged in activities designed to enhance the development and standing of purchasing.
• To consider and set-up the Economic Ordering Quantity (EOQ).
• Liaise with vendors and suppliers
• Check the daily Food and beverage revenues report submitted by the income audit for the accuracy of covers and average checks.
• Maintain accurate financial records
• Develop and maintain cost control systems
• Spot-check on the receiving department 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.