Cost Controller

Salary Details

Salary Description: Competetive Salary Offered

Job Description For Cost Controller

Cost Controller

Use technology to send, receive, and print out product requisitions. Order packaging, raw materials, and supplies as needed. Notify manager/supervisor of low stock levels in a timely manner. Complete requisition forms for inventory and supplies. Print, organize, and separate various necessary documents, summarize relevant information, and distribute information to appropriate employees. Organize and maintain filing systems. Monitor food, beverage, and general inventory costs, ensure controls are in place between the storeroom, receiving departments and between departments. Reconcile PO's, invoices and receiving records. Work with receiving department and Manager of Internal controls on Reconciling shipping invoices and receiving reports to ensure count accuracy. Provide real time potential cost estimates for food and beverage, by outlet using direct purchases to outlets and the requisition system administered thru the storerooms with Marriott tools - Hot Shop Birch Street. Verifies outlet requisitions against sales records to support interdepartmental purchasing activities and storeroom requisitions. Audits and ensures financial partner 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, Assistant Director of Finance, Manager of Internal Controls and operational leaders and ensuring resolution. Audit inventory movements, variance and report to the Director of Finance, Manager of Internal Controls and departments when variances occur. Support month-end inventory processes.

Oversee storeroom activities. Provide financial reports related to inventory usage. Identify opportunities to reduce waste or inefficiencies. Manage storage of inventory, receipt and issuance of stock and maintain real-time inventory records. Inventory portfolio covers around 4,000 various food items and 2,000 items selection of wine, liquor and beer. Must be able to work a flexible schedule; long hours, late evenings, shift work, split-shifts, weekends and public holidays. Must be physically fit and have the ability to move, lift, carry, push, pull, and place objects weighing less than or equal to 50 pounds without assistance. Complies with any reasonable requests as directed by senior leaders.

The ideal candidate will have:

• 2 years' experience in accounting, procurement or related professional area. 1+ year in a management capacity
• 4year bachelor's degree in Finance and Accounting, Business Administration, Hotel and Restaurant Management or related major
• or related major
• Strong working knowledge of budgets, forecasting, profit and loss statements, etc
• Ability to communicate in English with guests, peers, employees and owners
• Ability to compute mathematic calculations with ease
• In-depth knowledge of all function of the Accounting Department
• Computer literate with Microsoft Office applications; advance Excel skills desired
• Experienced preferred with use of ADP, PeopleSoft & Opera

Technical Acumen - Understanding and utilizing professional skills and knowledge in a specific functional area to conduct and manage everyday business operations and generate innovative solutions to approach function-specific work challenges

General Finance and Accounting - The ability to perform bookkeeping procedures, proficiently use financial systems technology, and accurately complete general ledger entries; knowledge of database structures in order to obtain financial queries; establish Cash flow statements and cash flow forecast with a good understanding the financials flows and the working capital needs.

Basic Computer Skills - Using basic computer hardware and software (e.g., personal computers, word processing software, Internet browsers, etc.).

Mathematical Reasoning - The ability to add, subtract, multiply, or divide quickly, correctly, and in a way that allows one to solve work-related issues.

Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences in English.

Reading Comprehension - Understanding written sentences and paragraphs in work related documents in English.

Writing - Communicating effectively in writing as appropriate for the needs of the audience in English

Functions as the property's strategic financial business leader. The position champions, develops and implements property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand's target customer and property employees. The position provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment. In addition, creates and executes a business plan that is aligned with the property and brand's business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results.

CORE WORK ACTIVITIES

Engaging in Strategic Planning and Decision Making
• Analyzes financial data and market trends.
• Analyzes information, forecasts sales against expenses and creates annual budget plans.
• Compiles information, analyzes and monitors actual sales against projected sales.
• Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
• Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Thinks creatively and practically to develop, execute and implement new business plans
• Protects and strengthens our competitive advantage by advocating and supporting sound business and financial decision making.
• Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
• Implements a system of appropriate controls to manage business risks.

Leading Accounting 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 strategic goals, the focus 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.

At Marriott International, we are dedicated to being an equal opportunity employer, welcoming all and providing access to opportunity. We actively foster an environment where the unique backgrounds of our associates are valued and celebrated.Our greatest strength lies in the rich blend of culture, talent, and experiences of our associates. We are committed to non-discrimination on any protected basis, including disability, veteran status, or other basis protected by applicable law.

At more than 100 award-winning properties worldwide, The Ritz-Carlton Ladies and Gentlemen create experiences so exceptional that long after a guest stays with us, the experience stays with them. Attracting the world's top hospitality professionals who curate lifelong memories, we believe that everyone succeeds when they are empowered to be creative, thoughtful and compassionate.

Every day, we set the standard for rare and special luxury service the world over and pride ourselves on delivering excellence in the care and comfort of our guests.

Your role will be to ensure that the "Gold Standards" of The Ritz-Carlton are delivered graciously and thoughtfully every day. The Gold Standards are the foundation of The Ritz-Carlton and are what guides us each day to be better than the next. It is this foundation and our belief that our culture drives success by which The Ritz Carlton has earned the reputation as a global brand leader in luxury hospitality. As part of our team, you will learn and exemplify the Gold Standards, such as our Employee Promise, Credo and our Service Values. And our promise to you is that we offer the chance to be proud of the work you do and who you work with.

In joining The Ritz-Carlton, you join a portfolio of brands with Marriott International. Be where you can do your best work, begin your purpose, belong to an amazing global team, and become the best version of you.