Cost Control Executive

The Kingsbury PLC

The Kingsbury PLC is a member of the Leisure sector of the Hayleys Group located in the heart of Colombo. Being recognized and awarded the Best Luxury Business Hotel in the Indian Ocean, we provide career opportunities for candidates who are passionate about experiencing a successful career path in the field of hospitality.

Cost Control Executive

We are seeking a detail-oriented, analytical, and well-organized Cost Control Executive to support the effective monitoring and control of food, beverage, and operational costs. The role involves maintaining accurate cost records, analyzing variances, monitoring inventory, and working closely with relevant departments to ensure efficient cost management and financial control.

Key Responsibilities

• Monitor and control food, beverage, and operational costs to achieve budgeted targets.
• Maintain accurate records of purchases, issues, transfers, wastage, and stock movements.
• Conduct regular inventory checks and assist with monthly stocktaking.
• Analyze food and beverage cost variances and identify areas for improvement.
• Verify purchase prices, invoices, goods received notes, and related documentation.
• Monitor daily consumption and investigate unusual variances or discrepancies.
• Prepare regular cost control reports and provide relevant information to management.
• Coordinate with the Finance, Purchasing, Stores, Kitchen, and Food & Beverage departments to ensure effective cost control.

Qualifications & Skills

• Minimum 3–4 years’ experience in Cost Control, Finance, or a similar role within a hotel or hospitality environment.
• Sound knowledge of food and beverage cost control and inventory management.
• Strong analytical and numerical skills with good attention to detail.
• Good knowledge of MS Office, particularly Excel.
• Excellent communication and interpersonal skills.
• Ability to analyze data, identify discrepancies, and prepare accurate reports.
• Good organizational skills with the ability to meet deadlines.
• Ability to work effectively with multiple departments in a fast-paced hospitality environment.