Cost Controller at Radisson Hotel Group

Job Description
TASKS, DUTIES AND RESPONSIBILITIES

• To analyze costs, identify areas for potential savings, and work with various teams to implement cost-effective strategies. 
• Ensures the lowest cost consistent with required quality standards on a timely basis by procuring foods, beverages, materials, services, equipment and supplies within the RHG supplier platform
• Ensures competitive pricing is used for all foods, beverages, cleaning supplies, consumable supplies and materials. All pricing variances to be communicated to Procurement Manager
• Cost Reduction: Identifying opportunities to reduce costs and improve efficiency
• Quarterly price comparisons to be performed
• Identifies local vendors if preferred RHG suppliers cannot assist with the requirement and negotiates rates/price together with relevant department head and informs RHG Procurement (In line with SOP)
• Assist with monthly OE/ Assets stock counts
• Ensures that all stock received and issued within the system (Materials Control) is done daily which also allows for segregation between Storeman and Purchasing
• Follow-up on outstanding credit notes
• Follows corporate guidelines on purchasing from corporate suppliers
• Ensures that purchased items adhere to par levels standards; takes corrective action as required
• Ensures that orders placed correspondent to the invoice received eg. weight, prices, dates, quantity and order number on the invoice
• Maintain pricing catalogues and inform relevant departments of all price fluctuations. The impact of the price increase/decrease to be evaluated together with the HOD.
• Ensure that FIFO is implemented correctly
• Communicate with Storeman and HOD’s regarding daily, weekly and monthly deliveries and services
• Maintains the competitive status and profitability of the purchasing operation by monitoring industry trends and recommending appropriate action to be taken
• Provides assistance in the calculation of cost of all selling items based on purchase price and market
• Assist departments in achieving their required COS % targets
• Ensure food and beverage cost prices are kept in line with approved menu costings
• Prepares a weekly purchase report and send to relevant department heads
• As the recipient with access to the inventory control system and access to pricing, assist with weekly and month end stock stakes
• Performs regular Inventory Counts as well as regular spot checks
• Regularly reviews ICQ requirements and performs test to ensure compliance
• Daily Credit Card Reconciliation & Cash Reconciliations
• Verifies price on corporate contract items

Qualifications
SKILLS

• Diploma/Degree in Costing/Financial Accounting/National Diploma
• Experience in budgeting, forecasting, and cost control minimum 2 years experience
• Proficiency in financial and accounting principles.
• Strong mathematical and analytical problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to use relevant software, such as SAGE systems, Excel, Micros & Materials Control.
• Attention to detail and a meticulous approach to work. 
• Financial Controller will require reports to be compiled for the purpose of review & investigation in order to mitigate any potential risks for the business
• Attends meetings and training required by HR
• Assists colleagues to perform similar or related jobs when necessary
• Accepts flexible work schedule necessary for uninterrupted service to hotel guests and the hotel’s stakeholders