Cost Controller
IHG
**1. Cost Control & Analysis**
Monitor daily costs across all operational departments, particularly Food & Beverage.
Prepare cost variance reports and highlight deviations from budget/standards.
Analyze food, beverage, and other consumable costs to identify savings opportunities.
Implement cost control measures in collaboration with department heads.
**2. Inventory & Stock Management**
Oversee receiving, storage, and issuance procedures for goods.
Conduct regular and surprise stock counts in stores and outlets.
Ensure proper stock rotation (FIFO) and minimize wastage/spoilage.
Verify that inventory transactions are recorded accurately in the system.
**3. Menu & Recipe Costing**
Work with the Executive Chef and F&B Manager to maintain up-to-date recipe costing.
Conduct yield tests and verify portion controls to ensure menu profitability.
Recommend price adjustments based on market changes and cost analysis.
**4. Purchasing Support**
Ensure all purchases comply with approved suppliers and negotiated rates.
Review purchase orders and invoices for price accuracy and quantity verification.
Liaise with the procurement team to control unauthorized purchases.
**5. Reporting & Compliance**
Prepare daily, weekly, and monthly cost control reports.
Support budget preparation and monthly financial forecasts.
Ensure compliance with hotel SOPs, internal controls, and audit requirements.
Coordinate with auditors during internal and external audits.
**6. Training & Collaboration**
Train operational staff on cost awareness and control procedures.
Collaborate with kitchen, F&B, and other departments to maintain cost discipline.
**Skills & Qualifications**
Bachelor’s degree in Accounting, Finance, or Hospitality Management.
2–4 years’ experience in hotel cost control, preferably in a 5-star property.
Strong knowledge of inventory systems, procurement processes, and cost accounting.
Proficiency in MS Excel and hotel ERP/POS systems (e.g., Oracle, Sun, Material Control, SAP).
Strong analytical skills with attention to detail.
Ability to work under pressure and meet tight deadlines.
Don't quite meet every single requirement, but still believe you'd be a great fit for the job? We'll never know unless you hit the 'Apply' button. Start your journey with us today.
At IHG Hotels & Resorts, we are proud to be an equal opportunity employer. We firmly believe that all our colleagues deserve to be treated equally and have the same opportunities to develop and grow their skills within our business and provide equal employment opportunities to all applicants and colleagues without regard to an individual's, race, color, ethnicity, national origin, religion, sex, sexual orientation, gender identity or expression, age, disability, marital or familial status, veteran status or any other characteristic protected by law.
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