Audit /​ Cost Control Officer

Audit / Cost Control Officer

The Audit / Cost Control Officer is responsible for monitoring the hotel’s financial transactions, controlling operational costs, preventing revenue leakages, and ensuring that hotel resources are properly accounted for.

Responsibilities

• Daily Revenue Audit: Review daily sales from Rooms, Restaurant, Bar, Laundry, and other departments. Verify POS, cash, transfer, and card transactions. Reconcile daily revenue with system reports and physical collections.
• Cost Control: Monitor food, beverage, housekeeping, maintenance, and other operational costs. Check purchasing prices against approved rates and budgets. Identify unnecessary expenses and wastage.
• Stock & Inventory Control: Monitor hotel inventory and conduct regular stock counts. Verify receiving, issuing, and consumption of food, beverages, housekeeping supplies, and other items. Investigate stock shortages, variances, and unexplained losses.
• Purchasing & Receiving Checks: Review purchase orders, invoices, delivery notes, and goods received. Ensure that goods supplied correspond with quantities and prices approved. Prevent unauthorized purchases and overbilling.
• Revenue Leakage Prevention: Monitor complimentary rooms, discounts, void transactions, refunds, and cancelled bills. Investigate unusual transactions and discrepancies. Ensure all hotel services provided are properly billed.
• Cash & Payment Reconciliation: Reconcile cashiers' reports with actual collections. Check bank transfers, POS settlements, and other payment channels. Report shortages, overages, and irregularities.
• Night Audit / Daily Audit: Review the day's hotel transactions and ensure that all postings are accurate. Verify room occupancy, room rates, discounts, payments, and outstanding balances. Prepare daily audit reports for management.
• Budget Monitoring: Compare actual expenses with approved budgets. Highlight areas where expenditure is above budget. Provide recommendations for better cost management.
• Payroll & Staff Cost Checks: Verify staff attendance, overtime, allowances, and payroll records where assigned. Ensure that unauthorized or duplicate payments are identified.
• Reporting: Prepare daily, weekly, and monthly audit/cost-control reports. Report significant variances and suspected irregularities to management. Maintain proper audit documentation and records.
• Internal Control: Ensure hotel financial policies and procedures are followed. Review departmental records and supporting documents. Recommend improvements to prevent errors, fraud, waste, and revenue losses.
• Management Support: Assist management in making cost-saving decisions. Conduct investigations into financial or inventory discrepancies. Work closely with Accounts, Procurement, Stores, F&B, Front Office, and other departments.

How to Apply Interested and qualified candidates should send their Applications to: efezisouthsea2000@gmail.com using the Job Title as the subject of the email.