Cost Control Officer
Victoria Island, Lagos
Posted 6 days ago
- Company:
- Ascentech Services Ltd
- Company Description:
- Ascentech Services Ltd is the most sought-after Human Resource Solution Provider with its Head Office in Lagos, Nigeria. We have a reputation for satisfying and surpassing clients expectations through our core offerings: - Recruitment and Selection - Outsourcing - Training and Development To accomplish these we leverage on creating and managing change in organizations by improving efficiency through our proven and dynamic HR solutions.
- Contract Type:
- Full Time
- Experience Required:
- 2 years
- Education Level:
- Bachelor
- Number of vacancies:
- 1
Job Description
Location: Victoria Island, Lagos
Position Overview:
We are seeking a highly skilled and detail-oriented Cost Control Officer with prior experience in the hospitality industry to join our team. The ideal candidate will have hands-on experience in cost management, budgeting, and financial analysis, with proficiency in using Odoo software. As a Cost Control Officer, you will be responsible for monitoring and controlling costs, analyzing financial data, and providing recommendations to ensure the profitability of the organization.
Key Responsibilities:
- Cost Monitoring and Control:
Track and monitor all costs within the organization, including food and beverage, labour, operational supplies, and overhead costs.
Analyze monthly financial statements to identify discrepancies and suggest cost-saving measures.
Conduct regular audits of inventory and usage to ensure accurate accounting and cost-effective purchasing.
- Budgeting and Financial Planning:
Assist in the preparation of annual budgets and forecasts, ensuring they align with business objectives.
Review monthly financial performance against budget, providing detailed variance analysis.
Recommend adjustments to improve financial performance and minimize wastage.
- Odoo Software Utilization:
Use Odoo software to record and track costs, inventory, and purchase orders.
Ensure Odoo reports are accurate and up-to-date for internal and external financial reporting.
Analyze Odoo data to provide actionable insights for better financial management.
- Cost Reporting and Analysis:
Prepare and present cost reports to senior management, including key metrics such as food cost percentage, labor cost percentage, and overall operating expenses.
Conduct in-depth cost analysis and suggest strategies for minimizing costs while maintaining quality and efficiency.
- Procurement and Vendor Management:
Work closely with the procurement team to ensure competitive pricing and cost-effective purchasing decisions.
Establish and maintain relationships with suppliers to negotiate favorable terms and pricing.
- Process Improvement:
Identify opportunities to streamline processes and improve cost control measures across the organization.
Implement best practices to improve efficiency and reduce waste in operations.
Requirements:
- Minimum of 2 years of experience in cost control or financial management within the hospitality industry.
- Proficiency in Odoo software (previous experience using the system is required).
- Strong understanding of hospitality cost structures and financial analysis.
- Excellent communication and interpersonal skills.
- Detail-oriented with strong analytical and problem-solving abilities.
- Ability to work independently and in a team environment.
- HND/Bachelor's degree in Accounting, Finance, Hospitality Management, or a related field is preferred.
