Cost Controller

Job Title: Cost Controller

Location: Kisumu Kenya
Department: Finance
Reports to: Finance Manager/Director
Position Type: FullTime

Company Overview:

Our client a leading hotel in the vibrant Lakeside City of Kisumu is renowned for its worldclass hospitality and commitment to excellence. As part of their continued growth and dedication to maintaining toptier service they are seeking a highly skilled and detailoriented Cost Controller to join their team.

Job Summary:

The Cost Controller will be responsible for monitoring and managing all costs associated with the hotel s operations. This role involves ensuring accurate recording analysis and reporting of costs to maintain financial efficiency and contribute to the hotel s profitability. The ideal candidate will have a strong background in finance and accounting preferably within the hospitality industry and will play a critical role in managing budgets analyzing variances and implementing cost control measures.

Key Responsibilities:

• Cost Management:
  
• Develop implement and maintain effective cost control procedures to manage all costs related to the hotel s operations.
  
• Monitor and analyze daily weekly and monthly operational costs identifying trends and variances to budget and forecasts.
  
• Work closely with department heads to ensure accurate and timely reporting of all costs and expenditures.
  
• Budgeting and Forecasting:
  
• Assist in the preparation of annual budgets and financial forecasts.
  
• Analyze financial data to identify costsaving opportunities and provide recommendations for cost reduction and efficiency improvements.
  
• Inventory Control:
  
• Oversee and manage the hotel s inventory process ensuring accurate tracking of stock levels and minimizing wastage.
  
• Conduct regular audits of inventory including food and beverage supplies and other operational materials.
  
• Collaborate with the procurement team to optimize purchasing and inventory management.
  
• Reporting and Analysis:
  
• Prepare detailed financial reports on a regular basis including cost reports variance analysis and profitability assessments.
  
• Provide financial insights and recommendations to management to support decisionmaking processes.
  
• Ensure compliance with all financial regulations and internal controls.
  
• Cost Optimization:
  
• Identify areas for cost optimization and implement strategies to enhance cost efficiency without compromising service quality.
  
• Review and negotiate contracts with suppliers and vendors to secure favorable terms and pricing.
  
• Compliance and Auditing:
  
• Ensure compliance with all local and international financial regulations and hotel policies.
  
• Support internal and external audits by providing necessary documentation and information.
  

Requirements

Qualifications and Requirements:

• Bachelor s degree in Finance Accounting or a related field.
  
• Professional certification (e.g. CPA ACCA) is highly desirable.
  
• Minimum of 35 years of experience in cost control finance or accounting preferably in the hospitality industry.
  
• Strong analytical skills with the ability to interpret financial data and provide actionable insights.
  
• Proficiency in financial management software and Microsoft Office Suite (Excel Word PowerPoint).
  
• Excellent attention to detail and organizational skills.
  
• Strong communication and interpersonal skills with the ability to work collaboratively with different departments.
  
• Ability to work under pressure and meet deadlines in a fastpaced environment.