• Application Deadline:
• Position: Cost Control Officer



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 2 years



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Job Description

• We are seeking a highly skilled and detail-oriented Cost Control Officer with prior experience in the hospitality industry to join our team. 


• The ideal candidate will have hands-on experience in cost management, budgeting, and financial analysis, with proficiency in using Odoo software. 


• As a Cost Control Officer, you will be responsible for monitoring and controlling costs, analyzing financial data, and providing recommendations to ensure the profitability of the organization.

Responsibilities

Cost Monitoring and Control:

• Track and monitor all costs within the organization, including food and beverage, labor, operational supplies, and overhead costs.


• Analyze monthly financial statements to identify discrepancies and suggest cost-saving measures.


• Conduct regular audits of inventory and usage to ensure accurate accounting and cost-effective purchasing.

Budgeting and Financial Planning:

• Assist in the preparation of annual budgets and forecasts, ensuring they align with business objectives.


• Review monthly financial performance against budget, providing detailed variance analysis.


• Recommend adjustments to improve financial performance and minimize wastage.

Odoo Software Utilization:

• Use Odoo software to record and track costs, inventory, and purchase orders.


• Ensure Odoo reports are accurate and up-to-date for internal and external financial reporting.


• Analyze Odoo data to provide actionable insights for better financial management.

Cost Reporting and Analysis:

• Prepare and present cost reports to senior management, including key metrics such as food cost percentage, labor cost percentage, and overall operating expenses.


• Conduct in-depth cost analysis and suggest strategies for minimizing costs while maintaining quality and efficiency.

Procurement and Vendor Management:

• Work closely with the procurement team to ensure competitive pricing and cost-effective purchasing decisions.


• Establish and maintain relationships with suppliers to negotiate favorable terms and pricing.

Process Improvement:

• Identify opportunities to streamline processes and improve cost control measures across the organization.


• Implement best practices to improve efficiency and reduce waste in operations.

Requirements

• Minimum of 2 years of experience in cost control or financial management within the hospitality industry.


• Proficiency in Odoo software (previous experience using the system is required).


• Strong understanding of hospitality cost structures and financial analysis.


• Excellent communication and interpersonal skills.


• Detail-oriented with strong analytical and problem-solving abilities.


• Ability to work independently and in a team environment.


• HND/Bachelor's degreein Accounting, Finance, or a related field is preferred.