Cost Control Executive

Found in: beBee S MY - 3 weeks ago


Kuala Lumpur, Malaysia Hilton Kuala Lumpur Full time
Description

The role aims to be recognized as a trusted finance team member. This role supports the finance lead in all training and development activities to develop best-in-class finance professionals and assists in developing their finance team. This role supports a robust control and compliance environment and contributes to implement EMEA Operations Finance innovations and projects.

What will I be doing?

This position is concerned with being part of an accounts team dedicated to the delivery of timely and accurate accounts and financial reporting. Responsible for the smooth operations of the F&B Control of the hotel and accuracy of the inventory/purchasing subsidiary ledgers.

What will I be doing?

The Cost Control Executive analyzes Food & Beverage costs and controls factors to ensure the implementation of cost-effective measures throughout the Food & Beverage department. This role prepares various reports and conducts weekly meetings to keep departments and directors apprised of trends and cost factors. Specifically, you will be responsible for performing the following tasks to the highest standards:

1.                   Prepare and distribute daily food and beverage cost report.

2.                  Track various types of discount, OC/SP/ENT consumption, food and beverage sales, banquet functions and special events.(daily as well as    monthly)

3.                   Perform costing of banquet functions and special events and prepare Profit Statement within two (2) days after the event is over.

4.                   Check and verify food and beverage supplier invoices before forwarding to Accounts Payable for processing.

5.                   Conduct spot checks for spoilage, wastage and pilferage at all outlets and ensure that all par stock levels in the kitchen and bars are strictly    adhered to and the correct instruments of measures are being used in bars.

6.                   Ensure proper accounting of inter bar and kitchen transfer.

7.                  Weekly spot check of outlet’s beverage/tobacco stock and prepare potential sales report.  To follow up with outlet managers on all variances    within the stipulated time.

8.                   To audit and maintain the integrity Check EAM system.

9.                   To perform monthly stock takes of the entire hotel’s inventory that is recorded in Balance Sheet.

10.                Assist in receiving all items into the Hotel and oversee the overall operations of the Receiving/Store/Cost Control Department.

11.                Assist in periodic physical operating equipment and linen inventory exercise.

12.                Monitor and ensure that procedure on the control of O.E. and Linen are complied with.

13.                Ensure the movement of FA is properly monitored and updated in the FA register.

14.                Carry out and comply the OE and Linen inventory reports on a quarterly basis.

15.                Spot check operating equipment used in outside catering against outgoing record.

16.                Carry out any other duties and responsibilities assigned by the Assistant Financial Controller or Director of Finance.

17.                Provides a timely and responsive service to both internal and external customers.

18.                Understands the mechanisms behind the computerized information network especially related to the gathering of data for processing at          an accounting/bookkeeping level.

19.                Matches Purchase Orders to receiving records and eventually to invoices.

20.                Prepares cost distributions and account codes for all supplier invoices and credit notes.

22.                Ensures all food, beverage and general transactions relating to the accounts payable ledger are promptly entered.

23.                Ensures creditor balances are accurate and valid.

24.                Prepares trade accruals at month end.

25.                Prepares reports on outstanding purchase orders at month end.

26.                Attending F&B Promotion meeting on need basis.

27.                To ensure all documents relating Cost Control/Store operations sent to warehouse are recorded and tracked.Requirements

What are we looking for?

Strong problem solving skills, including ability to effectively address any issue in collaboration with others as appropriate Ability to proactively identify and prevent potential problems Ability to help develop problem solving skills among direct reports and other team members as appropriate Ability to take initiative to identify, prioritize and implement all elements required for team to fulfill responsibilities Detail oriented and organized Ability to develop presentations and effectively present to all levels of company, hotels & owners. Strong communication and negotiation skills (all levels of management and external customers) Proficient in MS Excel, Word and Outlook with the ability to quickly learn new programs when required.

Additional Preferences:

University diploma/degree in Accounting or Finance

What will it be like to work for Hilton?

Hilton is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For nearly a century, Hilton has offered business and leisure travelers the finest in accommodations, service, amenities and value. Hilton is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands.  Our vision “to fill the earth with the light and warmth of hospitality” unites us as a team to create remarkable hospitality experiences around the world every day.  And, our amazing Team Members are at the heart of it all

Source: Hospitality Online


  • Cost Controller

    4 days ago


    Kuala Lumpur, Malaysia TechnipFMC Full time

    TechnipFMC is a global leader in the energy industry, specialized in subsea and surface technologies integrated projects, products, and services. Our mission and vision: to enhance the performance and drive real change in the traditional and new energy industry. How we do it: by constantly challenging conventions, tackling some of the most complex technical...


  • Kuala Lumpur, Malaysia Flowco (Malaysia) Sdn Bhd Full time

    **RESPONSIBILITIES** **Cost accounting and controlling** - Responsible to control and monitor project total expenditure including verifying and checking of certain third-party project costs such as subcontractor, transportation and logistics, to ensure that all project expenditures are captured and properly recorded. - Work with available tools to track...


  • Kuala Lumpur, Malaysia Vinarco Full time

    Job Description: **Client**: A subsidiary of a leading oil and gas exploration and production company. **Location**: Kuala Lumpur, Malaysia **Type of hiring**: Contract **Responsibilities**: - ** Preparation of budgets and forecasts, as well as all related functions**: - Coordination of Annual Budgets for Corporate/Petronas and Outlooks. - Coordination...


  • Kuala Lumpur, Malaysia Chronos Consulting Full time

    **Job **Description****: Vacancy - Accountant; Cost Control Permanent position with Operator client ACCOUNTABILITIES Preparation of budget and forecasts in accordance with the requirements of Corporate and PETRONAS. Formulation, implementation and monitoring of efficient and accurate cost capture and control mechanism. Monitoring of budgets and AFE...


  • Kuala Lumpur, Malaysia Sheffield Energy Full time

    Job Type: Permanent- Location: KL Job Description: **1.KEY OBJECTIVES AND ACCOUNTABILITIES**: - Preparation of budget and forecasts in accordance with the requirements of Corporate. - Formulation, implementation and monitoring of efficient and accurate cost capture and control mechanism. - Monitoring of budgets and AFE variances coupled with quick and...

  • Senior Cost Controls Specialist

    Found in: Talent MY C2 - 3 days ago


    Kuala Lumpur, Malaysia McDermott International Full time

    Job Overview: With minimal supervision, the Senior Cost Specialist is responsible for applying Cost Control procedures, best practices, and analysis to any size or type of project. The role will work closely with the Project Management Team and report to Project Controls Manager.

  • Principal Cost Controls Specialist

    Found in: Talent MY C2 - 3 days ago


    Kuala Lumpur, Malaysia McDermott International Full time

    Job Overview: Cost managers are responsible for overseeing all aspects of cost-related decision making within their Project. They work to ensure that costs are controlled and managed effectively, while also ensuring that quality standards are met or exceeded.

  • Cost Controller(T)-Malaysia

    Found in: Talent MY C2 - 3 days ago


    Kuala Lumpur, Malaysia SBM Offshore Full time

    Our Vision. SBM Offshore believes the oceans will provide the world with safe, sustainable and affordable energy for generations to come. We share our experience to make it happen. Our Profile. We design, build, install and operate offshore floating facilities for the offshore energy industry. As a leading technology provider, we put our marine expertise at...


  • Kuala Lumpur, Malaysia Shangri-La Hotels Full time

    Shangri-La, Kuala Lumpur Be part of our Shangri-La family Shangri-La Hotels and Resorts began in 1971 with our first deluxe hotel in Singapore. Today, the group comprises over 102 deluxe hotels and resorts in key cities in Asia Pacific, North America, Europe and the Middle East. Based in Hong Kong, we are expanding globally with developments under way...

  • Costing Personnel

    1 day ago


    Kuala Lumpur, Malaysia Kalbe Malaysia Sdn Bhd Full time

    **JOB DESCRIPTION** **Cost Analysis and Reporting** - Collect and analyze cost data related to manufacturing processes, materials, labor, overheads, and other expenses. - Prepare accurate and timely cost reports, including cost of goods sold (COGS), cost variances, and cost projections. - Identify and investigate cost drivers and recommend cost-saving...

  • Cost Engineer(T)-Malaysia

    Found in: Talent MY C2 - 3 days ago


    Kuala Lumpur, Malaysia SBM Offshore Full time

    Our Vision. SBM Offshore believes the oceans will provide the world with safe, sustainable and affordable energy for generations to come. We share our experience to make it happen. Our Profile. We design, build, install and operate offshore floating facilities for the offshore energy industry. As a leading technology provider, we put our marine expertise at...

  • Costing Analyst

    Found in: Talent MY C2 - 3 days ago


    Kuala Lumpur, Malaysia BP Business Service Centre Asia Sdn Bhd Full time

    Job summary:Responsible for supporting the team with accounting and reporting services, helping to ensure the integrity and efficiency of accounting policy application, internal control, financial reporting, accounting systems support and delivery of financial accounting processes in conformance with BP's systems and requirements.Job Description: Key...


  • Kuala Lumpur, Malaysia Heritage Foods (Malaysia) Sdn Bhd Full time

    Ensure an accurate monthly reporting package for the Management and Business Review - Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, overhead and labor - Analyzing data collected and recording results, such as EBITA by skus - Analyzing changes in product design, raw materials,...


  • Kuala Lumpur, Malaysia Heritage Foods (Malaysia) Sdn Bhd Full time

    **Responsibilities**: - Ensure an accurate monthly reporting package for the Management and Business Review - Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, overhead and labor - Analyzing data collected and recording results, such as EBITA by skus - Analyzing changes in product...

  • Chief Operating Officer

    Found in: beBee S MY - 3 weeks ago


    Kuala Lumpur, Malaysia Page Executive Full time

    About Our Client Our client is a reputable retail pharmacy group seeking a Chief Operating Officer to spearhead and drive strategic expansion initiatives. The COO play a pivotal role in shaping the company's future, leveraging their operational expertise to ensure continued success in the dynamic pharmaceutical industry. Job Description Formulate and execute...

  • Executive Housekeeping

    Found in: Talent MY C2 - 3 days ago


    Kuala Lumpur, Malaysia Agensi Pekerjaan Executive Recruiters Sdn Bhd Full time

    Fully in-charge of housekeeper department, to ensure housekeeping department operate in an efficient manner through effective identification of the needs and requirement.Establish and maintain a comprehensive quality control program to ensure all properties meet the companys cleanliness standards.Conduct regular inspections to identify areas for improvement...

  • Costing Analyst

    Found in: beBee S MY - 4 weeks ago


    Kuala Lumpur, Malaysia BP Business Service Centre Asia Sdn Bhd Full time

    Job summary:At bp we’re reimaging energy, and so could you. Join us in a crucial time of transition. We are bringing all our finance and procurement activities for the group into one place, enabling better work. The Costing Analyst will deliver finance costing accounting and inventory services to the business whilst ensuring adherence to policies and...

  • Regional Controller

    2 days ago


    Kuala Lumpur, Malaysia Agensi Pekerjaan Graceful (M) Sdn Bhd Full time

    **Responsibilities** - Budgeting and cost control of support functions and departments of the commercial platform - IFRS 16: Analyze and record the rental contracts of all business units, update the Group's internal consolidation web tool, extract monthly journal entries, provide accurate analysis of IFRS 16 accounts, Actual vs. Budget, etc. - Re-invoice...


  • Kuala Lumpur, Malaysia Bureau Veritas Full time

    **Responsibilities**: - Accountable for producing timely and accurate financial reports to management. - Perform relevant and accurate variance analysis of the division’s performance and results against budgeted, forecasted, and historical results. - Coordinate and direct budget and forecast preparations. - Coordinate and organise monthly business review...


  • Kuala Lumpur, Malaysia Nirvana Full time

    Timely collections of receivables in accordance to credit term and follow up regularly on overdue accounts with branches. - Monitor & review current practices and procedure including credit control operation processes and where necessary make recommendation in respect of enhancements. - Compile and proofread of group reporting. - To perform ad hoc or special...