Cost Controllers are responsible for implementing and maintaining cost control systems and ensuring that all financial transactions are recorded in compliance with accepted accounting principles, as well as established accounting policies and procedures.
They have several specific duties, including providing accurate expense figures to Heads of Department, recording purchased goods, and monitoring daily stock movement. They also analyze food and beverage costs weekly, prepare stock sheets, and coordinate regular stock takes.
Additionally, they monitor spending and identify areas where costs can be reduced, working with department heads to establish and enforce spending policies and procedures.
Cost Controllers conduct regular audits to ensure compliance with financial policies and procedures, approve invoices and statements for purchase prices, and play a critical role in ensuring the hotel’s financial stability and profitability.
This position requires strong analytical skills, attention to detail, and the ability to collaborate with others in a fast-paced environment.