Cost Controller at Universal Human Resource Consult

About the Role

This position offers a great opportunity for career growth. As Cost Controller at Universal Human Resource Consult, you will be responsible for implementing, monitoring, and maintaining robust cost and inventory control systems across all hotel departments, with a particular focus on Food & Beverage (F&B) and operational supplies. This role ensures cost efficiency, accuracy in financial reporting, and strict adherence to established financial policies and procedures to maximize hotel profitability.

Key Responsibilities

• Daily tracking and control of food, beverage, and other operational costs against approved budgets and standard costs
• Conduct detailed weekly and monthly variance analysis, investigating significant discrepancies (e.g., high consumption, low gross profit, inventory losses) and reporting findings to the Financial Controller and Department Heads
• Maintain up-to-date and accurate standard recipe costs for all F&B items, ensuring menu prices reflect desired profit margins
• Oversee and monitor the entire stock movement process, including purchasing, receiving, issuing, and transfers of all materials
• Coordinate and participate in regular physical stocktakes (monthly/quarterly). Reconcile physical counts with system records and report variances
• Ensure correct security procedures are maintained in all store areas to prevent losses and ensure the "First In, First Out" (FIFO) principle is followed for stock rotation
• Ensure all stock movements are accurately and timely input into the relevant cost control or inventory management software
• Check and verify supplier invoices against purchase orders, delivery notes, and agreed-upon price lists, flagging any price variances to the Purchasing department
• Research and maintain records of current market prices for key commodities to assist the Purchasing department in negotiating the best rates
• Prepare and distribute daily, weekly, and monthly cost reports, including F&B cost reports and consumption reports

Location

Lagos, Nigeria