Cost Controller

Job Overview: We are seeking a highly skilled and motivated Cost Controller to join our hospitality company in Bali. The Cost Controller will play a pivotal role in monitoring and managing costs, financial performance, and optimizing profitability while maintaining the high standards of our hospitality services.

Responsibilities:

• Financial Analysis and Reporting:
• Monitor and analyze financial data for the company, including revenue, costs, and budgets.
• Prepare regular financial reports, budget forecasts, and variance analyses to assess performance.
• Identify cost-saving opportunities and make data-driven recommendations to improve profitability.
• Cost Management:
• Monitor and control costs related to restaurant operations, including food and beverage, maintenance, and other operational expenses.
• Work closely with department heads to ensure adherence to budgeted costs.
• Implement cost reduction strategies without compromising service quality.
• Inventory Management:
• Oversee inventory tracking, ordering, and stocking for various departments.
• Conduct regular inventory audits to ensure accuracy and minimize discrepancies.
• Optimize inventory turnover rates and minimize carrying costs.
• Vendor Management:
• Negotiate with suppliers to secure competitive pricing and favorable terms.
• Maintain relationships with key vendors and evaluate the quality and cost-effectiveness of supplies.
• Ensure timely and accurate invoicing and payment processing.
• Menu and Procurement Analysis (if applicable):
• Collaborate with chefs and culinary teams to assess the profitability of menu items.
• Recommend adjustments to menu offerings based on cost and popularity.
• Monitor portion control, recipe standardization, and procurement procedures for F&B outlets.
• Compliance and Procedures:
• Ensure compliance with accounting standards, tax regulations, and internal financial procedures.
• Develop and enforce cost control policies and procedures throughout the company.
• Training and Support:
• Train staff on cost control best practices, including procurement and waste reduction.
• Provide guidance and support to department heads and staff regarding financial matters.

Qualifications:

• Bachelor's degree in Finance, Accounting, Business, or a related field. A relevant certification (e.g., CMA or CPA) is a plus.
• Proven experience in cost control, financial analysis, or related roles in the hospitality industry.
• Strong financial and analytical skills with the ability to interpret data and draw actionable conclusions.
• Knowledge of hospitality operations, including hotel and restaurant cost management.
• Proficiency in financial software and MS Excel for data analysis.
• Excellent communication and interpersonal skills for collaborating with various departments and teams.
• Attention to detail and the ability to maintain a high level of accuracy in financial records.
• Strong organizational and multitasking abilities to manage costs effectively in a dynamic hospitality environment.

Job Type: Full-time

Education:

• S1 (Preferred)

Experience:

• Cost Controller: 3 years (Required)

Language:

• English (Required)

Work Location: In person