Cost Controller

About the role

Rixos Tersane Istanbul, a waterfront destination project combining hospitality, lifestyle, culture, gastronomy, retail and entertainment, is looking for a detail-oriented, analytical and proactive Cost Controller to join its Finance team. The role monitors food, beverage and operational costs against budgets and cost standards, and works closely with purchasing, receiving, store, kitchen and food and beverage operations.

Key responsibilities

• Monitor and control food, beverage and other operational costs against budgets and cost standards.
• Analyse costs regularly and investigate variances between actual costs, budgets and theoretical consumption.
• Track purchasing prices, supplier invoices, goods receiving, stock movements and inventory levels.
• Carry out regular inventory counts, reconcile physical stock with system records and report discrepancies.
• Review recipes, portion sizes, yields and selling prices to support food and beverage cost calculations.
• Monitor wastage, spoilage, complimentary items and staff meals, and review purchase requisitions, market lists and stock requests.
• Work with Purchasing, Receiving, Store, Kitchen, Food & Beverage and other departments on cost control.
• Prepare daily, weekly and monthly cost reports, including food cost, beverage cost, inventory variances and consumption analyses.
• Monitor menu engineering data and product profitability to support pricing and cost optimisation.
• Ensure compliance with inventory procedures, internal controls and company policies, and support month-end closing, reconciliations and audits.
• Identify cost-saving opportunities, prepare regular reports and present findings to Finance and operational management.

Required profile

• Bachelor's degree in Finance, Accounting, Hospitality Management or a related field.
• Previous cost control experience in hospitality, preferably in a luxury hotel.
• Strong knowledge of food and beverage cost control, inventory management, purchasing procedures and stock reconciliation.
• Good command of written and spoken English and strong communication skills.
• Ability to meet deadlines, manage multiple priorities and keep accurate records in a fast-paced environment.

Required skills

• Familiarity with hotel management systems, inventory management software and POS systems.
• Proficiency in Microsoft Excel and financial reporting tools.
• Strong analytical, numerical and problem-solving skills.