Cost Controller

Cost Controller (20277) Situated at the heart of Dubai’s world-renowned Meydan Racecourse, The Meydan Hotel offers an elevated hospitality experience where contemporary luxury meets dynamic energy. Overlooking one of the world’s most iconic horse racing destinations, our hotel offers exceptional culinary experiences, spacious rooms with panoramic views, and seamless service to create unforgettable moments for every guest. Whether welcoming leisure travellers, business delegates, or racing enthusiasts, we are driven by a passion to deliver personalised, heartfelt hospitality and to exceed expectations at every turn. Job Summary Responsible for the controlling, receiving of F&B items and store inventories through timely feedback and reporting on food cost to maximize profitability. Key Responsibilities •  Calculates F&B costs. •  Compares invoices, requisitions, sales & prepares reports showing cost vs sales. •  Verify Receiving Report and code correction •  Daily transfer of Sales from Point-of-Sale System to Inventory System •  Spot checks on purchasing, receiving, storing, issuing functions and bar inventories. •  Sales key creation and Inventory System code creation including recipe creation. •  Conducts monthly food & butcher tests to determine yields. •  Alcohol test to determine their strength or compliance with standards. •  Compares menus vs food cost vs sales price. •  Controls portion and minimize wastage and pilferage. •  Conducts market surveys. •  Checks quality of goods received •  Ensures security in storage of goods. •  Checks invoices against goods ordered and received. •  Checks unit costs. •  Prepares recipe costs with Executive Chef and Director of F&B. •  Monitors FOC and rebates from suppliers •  Entertainment and Duty Meal checks verification •  Posting of Daily Inter Outlet Beverage Transfers •  Produces monthly F&B costs by outlet. •  Checks store requisitions and receipts against stock records. •  Conducts monthly spot checks of F&B Outlets •  Participates in half yearly stock take – linen and Operating equipment •  Menu engineering. •  Inventory Turnover Report •  Beverage Potential Report •  Spot check and verify housekeeping inventories on half yearly basis •  Month End Closing Inventories (Stores and F&B Outlets) and prepare the Bar Variance Report •  Posting of Month End JV's •  Conducts periodic purchase price comparisons of food & beverage items and operating supplies with other hotels. •  Checks Daily Receiving Records as prepared. •  Verifies goods and services received are in line with quantities, quality and prices ordered. •  Assists F&B decision making by providing the Management with analysis •  Preparation of P&L for major events, Brunch and Race. Skills, Experience & Educational Requirements •  Bachelor’s or master’s degree in commerce or accounting. •  2 years in similar position in a five-star hotel •  Computer competency requiring word-processing, spreadsheet and database software knowledge and experience. •  Have relevant experiences in the Store and Receiving section in hospitality field in UAE •  Good knowledge of Accounting and Financial Systems •  Highly organized and proactive and be able to meet deadlines in a fast-paced environment •  Presentation skills •  Initiative and Commitment to Achieve •  Effective Communication •  Attention to detail •  Problem solving and decision making •  Leadership skills •  Customer focused •  Teamwork •  Interpersonal skills •  Ability to perform work under minimal supervision. Our company is expanding faster than ever before. We are investing in the growth of our company, and that means we are committed to investing in you. Join a team that is open-hearted, innovative, inclusive, and inspiring in spirit. We believe in making our guests happy beyond anything they have ever imagined. We wow them at every turn and create memories that will last a lifetime. You will be at the heart of this vision, to constantly innovate to deliver Amazing Experiences and Everlasting Memories.

Bachelor’s or master’s degree in commerce or accounting. 2 years of experience in a similar position in a five-star hotel. Computer proficiency with word processing, spreadsheets and database software. Relevant experience in Store and Receiving in the UAE hospitality field. Good knowledge of accounting and financial systems. Highly organized and proactive with the ability to meet deadlines in a fast-paced environment. Presentation, initiative, communication, attention to detail, problem solving, leadership, customer focus, teamwork and interpersonal skills. Ability to perform work under minimal supervision.

Calculates F&B costs. Compares invoices, requisitions, sales and prepares reports showing cost vs sales. Verify Receiving Reports and code corrections. Daily transfer of Sales from POS to Inventory System. Conducts spot checks on purchasing, receiving, storing, issuing and bar inventories. Create sales keys and inventory system codes including recipe creation. Conduct monthly food & butcher tests to determine yields. Conduct alcohol tests for strength and compliance with standards. Compare menus vs food cost vs sales price. Controls portions and minimises wastage and pilferage. Conduct market surveys. Check quality of goods received. Ensure storage security. Check invoices against goods ordered and received. Check unit costs. Prepare recipe costs with Executive Chef and Director of F&B. Monitor FOC and rebates from suppliers. Verify entertainment and duty meal charges. Post Daily Inter Outlet Beverage Transfers. Produce monthly F&B cost reports by outlet. Check store requisitions against stock records. Conduct monthly spot checks of F&B Outlets. Participate in half-yearly stock takes (linen and operating equipment). Menu engineering. Inventory turnover and beverage potential reporting. Spot check and verify housekeeping inventories semi-annually. Month-end closing of inventories (Stores and F&B Outlets) and prepare Bar Variance Report. Post Month End JVs. Conduct periodic purchase price comparisons of food & beverage items and operating supplies with other hotels. Check daily receiving records. Verify goods and services received align with quantities, quality and prices ordered. Assist F&B decision-making by providing management with analysis. Prepare P&L for major events, brunch and race.