Financial Operations Specialist

Job Summary:

• We are seeking a highly skilled Cost Controller to join our team.

In this role, you will be responsible for managing the financial aspects of our business, including inventory management, purchasing, and cost control.

You will work closely with various departments to ensure that all financial transactions are accurate and compliant with company policies.

The successful candidate will have excellent analytical skills, strong attention to detail, and the ability to work effectively in a fast-paced environment.

1. Conduct month-end inventories for all stores (Food & Beverage and non-F&B items), and doing spot checks for F&B outlets, Spa & Boutique as per policy.
2. Ensure that all merchandise is stored properly in locked storage areas and monitor security control of key for such areas.
3. Ensure that all storage areas are secure, clean and properly organized and in line with the MOHG health and safety requirements.
4. Establish and maintain a cost allocation transfer system for F&B and accurately post all inter department transfer between the cost centers.
5. Compare quoted prices to invoice prices.
6. Verify food and beverage invoices on a selective basis and occasionally spot checks invoice unit costs to match them with the market quotation sheet.
7. Establish and maintain par stocks on all inventoried items, keeping in mind that inventory levels must be kept as low as possible without compromising the efficiency of the hotel.
8. Create/update recipes (food, beverage, special costing) and link Point of Sale (POS) System to Purchasing System to generate the monthly potential food and beverage cost of sales.
9. Prepare monthly F&B cost report and month-end reconciliation reports.
10. Prepare assigned monthly Balance Sheet reconciliations.
11. Conduct regular spot checks on procedures for purchasing, receiving, storing and issuing.
12. Conduct regular spot checks for beverage par stocks for Stores and Outlets.
13. Check menu costing for Food & Beverage and verify it with pricing policy.
14. Complete the design, implementation and management of F&B menu engineering.
15. Ensure store items are checked regularly on expiry and freshness.
16. Prepare Daily Flash Food Report.
17. Attend specific banquet function to have better control on stocks and if necessary to do spot checks.
18. Reduce spoilage by monitoring and using better stock movement.
19. Highlight any potential challenges or opportunities to improve profitability to management.
20. Conduct trainings for F&B team members with the help of system service provider.
21. Maintain a close working relationship with the Director of F&B, Executive Chef and all departments. Make them aware of any potential problems or opportunities to improve the controls in their areas.
22. Work with the Executive Chef to co-ordinate tracking of high cost items in the food area.
23. Work closely with Food and Beverage Manager to develop menu pricing of food and beverage products.
24. Development and enhancement of purchasing and cost control policies and procedures.
25. Ensure that all items received by the hotel are properly documented in accordance with the company's purchasing and receiving procedures.
26. Ensure that there are sufficient supplies on hand for on all inventoried items for each department by coordinating regular inventories with Stores.
27. Assist Accounts Payable in researching any discrepancies on invoices.
28. Must be willing to work a flexible schedule in order to accomplish all major responsibilities and tasks.
29. Must have commitment to follow all local and corporate policies and procedures.
30. Must be willing to accept assignments on as need basis, in order to promote teamwork.
31. Must have a high degree of professional integrity and confidentiality, and work in a safe, prudent and organized manner.
32. Ensure full compliance with internal controls as listed in the Control Self-Assessment Questionnaires (CSAQ) related to Purchasing, Inventory and Accounts Payable functions.
33. Performs other similar or related duties as instructed by the Management.

1. Learning & Development: Your success is our success. We craft unique learning and development programmes for various stages in your career so that you grow, continuously.
2. MOstay: When you work as hard as our colleagues do, it's important to take time off. As a member of the #MOfamily, you can stay with us wherever you go in the world. The MOstay programme offers complimentary nights and additionally attractive rates on rooms for you and your loved ones.
3. Health & Colleague Wellness: Finding the right work-life balance is important. Your wellbeing matters to us. A variety of health benefits and wellness programmes are offered to all our colleagues, globally.
4. Retirement Plans: When you show commitment to us, we reciprocate. We offer different retirement plans depending on the length of your service and your role.

Entry level

Full-time

Accounting/Auditing and Finance

Hospitality