Cost Controller

CANDIDATE PROFILE

Education and Experience

• 4-year Bachelor's degree in Finance and Accounting or related major; no work experience required.

CORE WORK ACTIVITIES

Supporting Strategic Planning and Decision Making

• Ensure maintenance of real-time inventory records.
• Ensure controls are in place between the storeroom, receiving, and operational departments. 
• Reconcile PO’s, invoices and receiving records.
• Work with receiving department and storerooms on reconciling shipping invoices and receiving reports to ensure count accuracy. 
• Utilize MICROs system to monitor sales, track inventory usage and support cost analysis.
• Provide real time potential cost estimates for food and beverage by outlet and Identify opportunities to reduce waste or inefficiencies.
• Verifies outlet requisitions against sales records to support interdepartmental purchasing activities and storeroom requisitions.
• Audits and ensures financial partnership with culinary team to produce and evaluate menu analysis and potential food cost reports.
• Performs daily spot checks of perpetual inventory in the storerooms, check and validate product is properly dated and rotated, report anomalies to superiors on the organization chart. 
• Ensure appropriate PAR levels are approved and maintained within food and beverage storerooms and outlets including creating requisitions to replenish and increase approved PAR levels.
• Daily spot checks on high price items, items of spoilage, meat, poultry, seafood, fruits, and vegetables reporting any anomalies to the Director of Finance and Operational leaders and ensuring resolution. 
• Support month-end inventory processes and provide financial reports related to inventory usage.

Leading Teams 

• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
• Communicates the goals and the owner priorities to subordinates in a clear and precise manner.
• Provides excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority.
• Holds staff accountable for successful performance.

Developing and Maintaining Finance and Accounting Goals

• Supports property strategy from a finance and accounting perspective
• Submits reports in a timely manner, ensuring delivery deadlines.
• Ensures Profits and Losses are documented accurately.
• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.
• Ensures appropriate corrections are made to audit results if necessary.
• Reviews audit issues to ensure accuracy.

Managing Projects and Policies 

• Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
• Generates and providing accurate and timely results in the form of reports, presentations, etc.
• Ensures compliance with standard and local operating procedures (SOPs and LSOPs).
• Oversees internal, external and regulatory audit processes.
• Ensures compliance with Standard Operating Procedures (SOPs).
• Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).

Anticipating and Delivering on the Needs of Key Stakeholders

• Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).
• Understands the owners' perspective and ROI expectations.
• Anticipates and addresses owner needs and involves ownership in key decisions.
• Leverages strong functional leadership and communication skills to influence the executive team, the property's strategies and to lead own team.
• Advises the GM and executive committee on existing and evolving operating/financial issues.
• Facilitates critique meetings to review information with management team.
• Attends owners meetings in order to provide context and explanation for financial results.
• Attends meetings and communicates with the owners, understanding the priorities and strategic focus.
• Demonstrates a commitment to meeting the needs of all key stakeholders.
• Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.

Managing and Conducting Human Resource Activities

• Ensures team members are cross-trained to support successful daily operations.
• Ensures property policies are administered fairly and consistently.
• Ensures new hires participate in the department’s orientation program.
• Ensures new hires receive the appropriate new hire training to successfully perform their job.
• Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities.