Cost Controller

10 hours ago

Bengaluru Karnataka, India Hyatt Centric MG Road Bangalore Full time

Summary
- Provides summary reports of the costs required by the Accounting and Control division to prepare daily and monthly reports.
- Provides Heads of Departments with the cost figures necessary for them to operate their individual profit centre profitably.
- Ensures accurate data input by operation level personnel.
- Audits back-of-house functions; namely, materials management and the commissary kitchen.
- Audits the day-to-day operation of all food and beverage outlets.
- Fully conversant with operation of the Materials Department, i.e. receiving, purchasing, issuing, storing and commissary kitchen.
- Fully familiar with internal control procedures.
- Ensures that all purchase requests, other than inventory items, are approved by the General Manager and Director of Finance.
- Ensures new technology and equipment are embraced, improving productivity whilst taking work out of the system.
- Ensures that three quotations have been obtained for all items purchased.
- Ensures thorough understanding of the SCALA system (Materials Management System).
- Monitors and ensures that Purchasing obtains up-to-date and accurate quotations.
- Ensures that accurate par levels are established and ordering is done in accordance with the set par and no alterations are to be made to the purchase orders unless approved.
- Participates in formal negotiations for annual or large contracts involving inventory items.
- Ensures that all goods delivered by suppliers are channeled to the Receiving Department.
- Ensures all scales are working properly.
- Ensures that all goods are not left unattended.
- Ensures that all invoices are stamped and signed by the Materials clerk. All direct purchased items should also be signed by the outlet manager.
- Spot checks to ensure that goods are received as per specifications.
- Ensures all goods and items are received according to delivery schedule, properly checked on quality and are documented according to the related policies and procedures.
- Ensures all liquor bottles are stuck and stamped with the appropriate control labels.
- Audits monthly stock take and prepares stock reconciliation for all stockrooms.
- Prepares daily food and beverage actual/ potential cost report.
- Ensures that all monthly inventories purchased are in balance with the accounts payable.
- Prepares month-end cost audit report, which includes reconciliation of all storerooms.
- Ensures that all policies and procedures are being followed. Counts cash on hand, inspects notes receivable and payable, negotiable.

**Qualifications**:
Certificate or qualification in Finance and/or Accounting / - 1-3 years' work experience as F & B Cost Controlling in a hotel or similar large organization or accounting firm desirable

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