Cost Control ,Manager

Portaluna, a Morgans Originals Hotel

Morgans Originals are original hotels with original stories. We stand for vibrancy, intrigue and iconic details, celebrating the feeling of an infinite Friday night, when anything can happen, no matter what day of the week it is. By balancing a refined outlook with the best lifestyle programming, we capture the excitement of being in-the-know -- connecting people to the city, the culture and the moment.

This is an exciting new position within Ennismore’s growing portfolio of lifestyle brands, representing the first Morgans Originals hotel in Egypt.

Responsibilities

Cost Monitoring and Analysis:

· Monitor and analyze the hotel's expenses across all departments to ensure that costs are aligned with budget targets.

· Review daily, weekly, and monthly financial reports to identify discrepancies, cost variances, or trends that may impact the hotel's financial performance.

· Identify areas where costs can be reduced or controlled without compromising quality or guest satisfaction.

· Analyze purchasing data, inventory levels, and consumption patterns to track cost-effective practices.

Budget Preparation and Management:

· Assist in the preparation of annual operating budgets and cost control forecasts in collaboration with department heads.

· Ensure that departmental expenses adhere to the established budget and make recommendations for adjustments as needed.

· Continuously track actual expenditures versus budgeted amounts and prepare reports to highlight any variances.

Inventory and Stock Control:

· Oversee inventory management for key hotel areas, such as food and beverage, housekeeping, and maintenance.

· Ensure proper stock rotation and control to minimize waste and spoilage.

· Conduct regular physical inventory counts and reconcile stock levels with system data.

· Monitor the consumption of supplies, and review inventory purchasing practices to reduce unnecessary purchases.

Procurement Support:

· Work closely with the purchasing department to ensure that purchases are made in line with budget and cost control guidelines.

· Review and approve purchase orders to ensure that pricing is competitive and within budgetary limits.

· Help negotiate with suppliers to secure the best prices and deals for the hotel’s supplies and services.

 

 

 

 

Cost Reporting and Documentation:

· Prepare detailed cost control reports, including analysis of labor, food, beverage, and operational costs.

· Present cost control reports and findings to senior management, highlighting key areas of concern and recommending solutions for cost optimization.

· Maintain accurate records of all cost control activities, including inventory counts, purchase orders, and variance reports.

Financial Auditing and Compliance:

· Conduct internal audits to ensure that all departments comply with cost control policies and procedures.

· Identify areas of inefficiency or non-compliance and recommend corrective actions.

· Ensure all purchases and transactions are properly documented and aligned with internal controls and accounting practices.

Staff Training and Support:

· Provide guidance and training to department heads and staff on cost control practices and financial policies.

· Work with departments to promote a culture of cost awareness and efficiency across all hotel operations.

· Ensure that department managers understand and implement cost control measures effectively.

Waste Reduction and Efficiency Improvement:

· Identify areas where waste reduction efforts can be implemented in food, beverage, and operational processes.

· Suggest improvements for energy, water, and resource efficiency, helping the hotel reduce operating costs.

· Collaborate with the sustainability team to ensure environmental best practices are incorporated into cost control strategies.

Collaboration with Department Heads:

· Work closely with the department heads (e.g., food and beverage, housekeeping, maintenance) to monitor and manage their respective cost centers.

· Provide support and analysis to help department heads make informed decisions about purchasing, staffing, and operational practices.

· Ensure effective communication with other departments regarding cost control goals, policies, and procedures.

Additional Responsibilities:

· Perform any other duties or responsibilities as assigned by management to support the effective operation of the department and the broader goals of the property.

Experience/Certificates/Education

· Experience: At least 3-5 years of experience in cost control, accounting, or finance, preferably within the hospitality industry.

· Education: A degree in Accounting, Finance, Business Administration, Hospitality Management, or a related field. Certification in Cost Control or similar financial management qualifications is a plus.

· Skills & Attributes:

o Proficiency with financial software and systems (e.g., Microsoft Excel, Oracle, SAP, hotel management systems).

o Strong knowledge of inventory management systems and purchasing software.

o Familiarity with cost control metrics and best practices.

o Strong analytical skills to review financial data, identify trends, and provide actionable insights.

o Ability to identify discrepancies, variances, and potential inefficiencies in operational costs.

o Ability to identify and resolve cost-related issues effectively and efficiently.

o Strong organizational skills to manage multiple priorities and tasks in a fast-paced environment.

o Ability to train and support department heads in cost control practices and ensure adherence to policies.

What awaits you...

• The opportunity to join an international and innovative and fast-growing group, committed not only to building new hotels, but to creating a global brand.
• The ability to challenge the norm and work in an environment that is both creative and rewarding.
• Be part of a team that is very passionate about creating great hospitality experiences and exploring new locations with every opportunity.
• A competitive package and plenty of development opportunities.