Cost Supervisor

About the role

Responsible for supervising and controlling the hotel's cost, operating expenses (OE), and fixed assets to ensure that all transactions are accurate, properly recorded, adequately supported by documentation, and in compliance with company policies and accounting standards. Monitor daily operations, analyze cost and expense variances, maintain accurate asset records, support budgeting and forecasting, and provide timely financial information to management for effective cost control and decision-making.

Key responsibilities

• Supervise daily cost control activities for Food & Beverage, Other Operating Departments (OOD), and related operating costs.
• Review daily food and beverage transactions, including purchases, issues, transfers, returns, wastage, spoilage, and consumption.
• Monitor food and beverage cost percentages and investigate significant variances.
• Perform monthly physical inventory counts and reconcile physical stock with system records.
• Review inventory adjustments and ensure proper authorization and supporting documents.
• Analyze actual cost versus budget and previous period performance.
• Monitor and control Operating Expenses in accordance with approved budgets and company policies.
• Maintain and monitor the hotel's Fixed Asset Register.
• Perform month-end OE closing activities within the required timeline.
• Prepare OE reports, departmental expense analysis, and Fixed Asset reports and reconciliation.

About you

• Ensure compliance with company policies, internal controls, and accounting procedures.
• Monitor compliance with purchasing, receiving, inventory, CAPEX, and expense procedures.
• Ensure all financial transactions have appropriate approvals and supporting documentation.
• Assist with internal and external audits and provide requested documents and explanations.
• Maintain confidentiality of financial and company information.