Cost Control Officer at FoliXx Hospitality

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 days ago

Additional Details

Job ID
131078
Job Views
25

Job Description






Job Summary




  • We are seeking a meticulous and highly analytical Cost Control Officer to join our growing hospitality business.

  • This role is critical to managing cost efficiency across all units—ensuring proper stock utilization, preventing waste, controlling overheads, and protecting profit margins.

  • The ideal candidate has a sharp eye for numbers, experience with inventory control systems, and a firm understanding of hospitality or food service operations.



Key Responsibilities

Cost Monitoring & Analysis:




  • Track daily consumption and usage of raw materials across kitchen, bar, and service areas.

  • Review recipes, portion sizes, and batch yields to ensure adherence to cost standards.

  • Investigate variances between actual vs. theoretical costs and report findings.



Inventory Control:




  • Conduct daily, weekly, and monthly stock counts (raw materials, food, bar, and store items).

  • Verify stock receipts, transfers, and requisitions to ensure accurate recording.

  • Collaborate with storekeepers, kitchen leads, and bartenders to detect stock abuse or over-portioning.



Process Auditing & Reporting:




  • Audit stock movement across all units (dispatch, return, wastage, spoilage).

  • Monitor food and beverage wastage and recommend process improvements.

  • Prepare timely reports on cost trends, inventory discrepancies, and stock aging.



Systems & Process Enforcement:




  • Ensure that all units adhere to SOPs for procurement, storage, and usage.

  • Support finance and operations with input into pricing, menu engineering, and budgeting.

  • Participate in regular kitchen/bar audits to verify compliance and efficiency.



Requirements




  • Bachelor's Degree in Accounting, Finance, Business Admin, or related field.

  • Minimum of 2–3 years’ experience in cost control or inventory management (hospitality or FMCG sector preferred).

  • Strong knowledge of inventory software and ERP systems (e.g., Sage, QuickBooks, or similar tools).

  • Excellent analytical and problem-solving skills.

  • High level of integrity, accuracy, and accountability.

  • Ability to work independently and across departments in a fast-paced environment.



Key Competencies:




  • Attention to detail and process compliance

  • Strong numerical and analytical mindset

  • Familiarity with food & beverage costing

  • Excellent Excel/Google Sheets skills

  • Communication and reporting abilities

  • Ability to spot red flags and act promptly.



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