Cost Controller at Lavington Hotel

The incumbent will monitor OPEC, the F&B costs and inventory in all F&B outlets in accordance with the hotels policies, procedures, and standards laid out by Management to ensure maximum internal and external customer
satisfaction.

Responsibilities

• Evaluate & compare suppliers’ products & services, maintaining accurate records of purchases and pricing
• Regularly inspect & test supplier products
• Communicate company needs to suppliers & maintain good relationships with them
• Negotiate contracts with suppliers. Ensure the company has all relevant information regarding all suppliers.
• Liaise with Marketing & Operations to understand upcoming promotions, accurately forecast upcoming levels of demand & monitor to ensure no stock outs.
• Ensure purchases are within the working capital budget
• Maintaining acceptable and accurate inventory levels in the warehouse and ensure we keep accurate utilisation rates
• Maintain product costs & master data on the products held & required by the company.
• On a monthly basis, review and analyze inventory and margin / transfer price reports and forward to Finance Manager for further action.
• Co-ordinate monthly & cycle physical inventory counts for the commissary
• Investigate physical count variances and resolve issues
• Ensure all damaged, obsolete & expired inventory held in the warehouse is reported to management in a timely manner.
• Monitor the duration & usage of inventory, ensuring par levels are always kept.
• Ensure accurate & timely inventory reports are prepared & shared with the management.
• Establish and implement inventory policies and procedures
• Ensure proper documentation maintained for transfer orders to stores
• Ensure recipes & assemblies are accurately maintained in Accounting system
• Support and participate in end of year audit
• Empowered to take decisions regarding upholding quality standards of products.
• Work with the management team to champion performance improvement via identifying and executing appropriate initiatives and proposals
• Set the ideal safety stock and re-order levels and sign off Local Purchase Orders
• Responsible for Management and implementation of store & stock control systems

Qualifications

• Bachelor’s degree in Business administration, Finance or related fields
• Professional certification – Procurement, CPA or ACCA.
• Minimum 2 years’ experience in a similar role
• Having worked in Hotel, Restaurant or Food industry will be an added advantage
• Outstanding organizational and coordination abilities
• Excellent communication and interpersonal skills
• Decision making &Collaborative skills
• Should have strong negotiation, managerial and communications skills