Cost Controller at IBIC Holdings

IBIC Holdings is a leading Pan-African investment company with major interests in real estate, digital currencies, facility management, and hospitality.

We are recruiting to fill the position below:

Job Title: Cost Controller

Location: Victoria Island, Lagos
Employment Type: Full-time

Job Description

• The Cost Controller will play a critical role in managing and monitoring all aspects of cost control across our hospitality units, including restaurants, short-let accommodations, and event spaces.
• You will be responsible for ensuring cost efficiency, minimizing wastage, and supporting profitability through data-driven insights and rigorous financial oversight.
• The ideal candidate will have deep experience in the hospitality sector, strong analytical skills, and a proven ability to implement and enforce cost control systems in a dynamic, high-volume environment.

Key Responsibilities
Inventory & Stock Control:

• Oversee daily, weekly, and monthly stock counts across all outlets.
• Ensure accurate recording and valuation of inventory (food, beverages, linen, amenities, etc.).
• Investigate and reconcile stock variances, flagging anomalies to management promptly.

Cost Monitoring & Analysis:

• Monitor food and beverage cost percentages and conduct variance analysis.
• Track cost of sales against budget, identifying discrepancies and recommending corrective actions.
• Analyze purchasing patterns, consumption trends, and supplier pricing to control expenses.

Procurement Oversight:

• Work closely with the procurement team to ensure purchases are aligned with budget and operational needs.
• Validate supplier invoices, purchase orders, and delivery notes for consistency and accuracy.
• Recommend cost-effective sourcing and ensure suppliers meet company standards.

Reporting & Budget Support:

• Prepare and present regular cost reports, highlighting key insights and financial risks.
• Assist in the preparation of budgets and forecasts for all cost-related departments.
• Provide management with data to support pricing decisions and menu engineering.

Operational Controls & Compliance:

• Implement and monitor internal control systems to prevent theft, waste, and misuse of resources.
• Conduct routine spot-checks and audits across departments (kitchen, bar, housekeeping, stores).
• Ensure compliance with standard operating procedures and company financial policies.

Collaboration & Communication:

• Partner with chefs, restaurant managers, and outlet supervisors to manage portion control, standard recipes, and efficient service delivery.
• Train relevant team members on inventory handling and cost awareness practices.
• Liaise with finance and audit teams to provide required documentation and support.

Requirements

• Minimum of 4 years of experience in a cost control or related finance role, with at least 3 years in the hospitality sector.
• Experience in a fast-paced hotel, resort, or restaurant environment is highly desirable.
• Familiarity with procurement processes and local vendor networks.
• Strong understanding of food and beverage costing, portion control, and hospitality operations.
• Proficiency in inventory management software, POS systems, and Excel/Google Sheets.
• Solid grasp of accounting principles, budgeting, and financial reporting.
• Strong attention to detail, with the ability to detect irregularities and prevent financial leakages.
• Excellent communication and interpersonal skills for cross-functional collaboration.
• Strong organizational and time management abilities.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online