Cost Controller

About the Opportunity

The Meydan Hotel Dubai is seeking an experienced Cost Controller to manage and control food and beverage costs, inventory operations, receiving processes, and cost optimization initiatives. Located at the heart of Dubai’s world-renowned Meydan Racecourse, The Meydan Hotel delivers a luxury hospitality experience with exceptional dining concepts, premium guest services, and world-class events.

This role is responsible for ensuring effective cost control procedures, accurate inventory management, profitability analysis, and providing financial insights to support F&B operations and business decision-making.

The Role

The Cost Controller will oversee F&B cost control activities including purchasing controls, receiving verification, inventory management, recipe costing, menu engineering, stock audits, and profitability analysis. The successful candidate will work closely with Finance, Procurement, Stores, Executive Chef, and Food & Beverage teams to maximize profitability while maintaining quality standards.

Key Responsibilities

• Calculate and monitor Food & Beverage costs.
• Compare invoices, requisitions, sales records, and prepare cost analysis reports.
• Verify receiving reports, invoice accuracy, and coding corrections.
• Transfer daily sales data from Point-of-Sale (POS) systems to inventory systems.
• Conduct spot checks on purchasing, receiving, storing, issuing, and outlet inventory processes.
• Create sales keys, inventory codes, and recipe costing records.
• Conduct monthly food yield tests, butcher tests, and beverage analysis.
• Monitor alcohol strength testing and compliance with standards.
• Analyze menu pricing, food costs, and profitability.
• Control portion sizes and minimize wastage, losses, and pilferage.
• Conduct market surveys and purchase price comparisons.
• Verify quality, quantity, and pricing of goods received.
• Ensure proper security and control of inventory storage areas.
• Prepare recipe costing in coordination with Executive Chef and Director of Food & Beverage.
• Monitor FOC (Free of Charge) items and supplier rebates.
• Verify entertainment expenses and duty meal controls.
• Process daily inter-outlet beverage transfers.
• Prepare monthly Food & Beverage cost reports by outlet.
• Verify store requisitions and inventory movements against stock records.
• Conduct regular outlet inventory spot checks.
• Participate in periodic stock counts for linen, operating equipment, and F&B inventories.
• Support menu engineering and profitability improvement initiatives.
• Prepare inventory turnover reports and beverage potential reports.
• Perform housekeeping inventory checks periodically.
• Complete month-end inventory closing procedures and prepare variance reports.
• Post month-end journal entries related to inventory and cost adjustments.
• Assist management with F&B profitability analysis and operational decisions.
• Prepare P&L analysis for major events, brunches, and race-related activities.

Candidate Requirements

• Bachelor’s or Master’s degree in Commerce, Accounting, Finance, or related field.
• Minimum 2 years’ experience in a similar Cost Controller position within a five-star hotel environment.
• Previous experience in hotel stores, receiving, and inventory control preferred.
• Strong knowledge of hospitality cost control procedures and F&B operations.
• Good understanding of accounting and financial systems.
• Strong analytical skills with attention to detail.
• Ability to prepare reports and financial analysis.
• Strong organizational and time management skills.
• Excellent communication and interpersonal skills.
• Ability to work independently with minimum supervision.
• Strong problem-solving and decision-making abilities.
• Team-oriented with leadership capabilities.
• Proficiency in Microsoft Office applications, especially Excel.