Cost Controller at The Jagz Hotel

The Jagz Ibadan Hotel is a luxurious 4star hotel committed to delivering exceptional personalized services. Our Vision at The JAGZ is to be the BEST BRAND Hotel in Nigeria and across the globe. How do we achieve this? Our Mission: We provide our services in a helpful, serene, fun environment. These services reflect our core values of care, warmth, comfort and excellence. Our goal at The Jagz Ibadan is to take care of our guest as individuals, and ensure they have a memorable Jagz experience, which will ensure loyalty to our hotel. We treat our guests as family and friends, and strive to continually exceed their expectations. On stage, we love to serve, and make each experience memorable.

We are recruiting to fill the position below:

Job Title: Cost Controller

Location: Ibadan, Oyo
Employment Type: Full-time

Job Summary

• The Hotel Cost Controller is responsible for monitoring, analyzing, and controlling all food, beverage, operational, and inventory costs within the hotel.
• The role ensures proper cost management, accurate stock control, prevention of wastage and pilferage, and maintenance of profitability while supporting efficient hotel operations.
• The Cost Controller works closely with the kitchen, stores, purchasing, accounts, and food & beverage departments to ensure all materials, inventory, and operational expenses are properly tracked and controlled.

Key Responsibilities

• Food & Beverage Cost Control Monitor daily food and beverage costs.
• Analyze recipe costing and menu profitability.
• Ensure proper portion control and standard recipe compliance.
• Conduct regular spot checks on kitchen and bar operations.
• Verify daily sales against stock usage. Monitor wastage, spoilage, and breakages. Review and approve inter-departmental transfers.
• Prepare daily, weekly, and monthly food cost reports. Identify cost-saving opportunities without compromising quality.
• Inventory & Stock Management Supervise receiving, storage, issuance, and stock movement processes. Ensure all stock items are properly documented and accounted for. Conduct physical inventory counts regularly. Reconcile physical stock with system balances. Investigate stock variances and discrepancies. Monitor minimum and maximum stock levels. Ensure proper FIFO (First In, First Out) procedures are followed. Control slow-moving and expired inventory items.
• Purchasing & Receiving Oversight Verify that purchases align with approved requisitions and budgets.
• Ensure goods received match purchase orders and supplier invoices.
• Monitor market prices and supplier quotations.
• Ensure quality standards are maintained during receiving.
• Work closely with the purchasing department to control procurement costs. Detect and prevent fraudulent purchasing activities.
• Financial Reporting & Analysis Prepare cost analysis reports for management review.
• Generate monthly cost percentage reports.
• Analyze variances between actual and budgeted costs.
• Support budget preparation and forecasting.
• Maintain accurate costing records and documentation.
• Assist auditors during internal and external audits.
• Provide recommendations for operational efficiency and profitability improvement.
• Operational Compliance Ensure compliance with hotel policies and financial procedures.
• Enforce proper authorization procedures for requisitions and stock issuance. Monitor departmental compliance with cost control measures.
• Train staff on inventory handling and cost awareness.
• Support implementation of internal control systems.
• Ensure compliance with health, safety, and hygiene standards relating to inventory storage.
• Daily Duties Review daily food and beverage sales reports. Check store requisitions and stock issuance. Verify supplier deliveries and invoices. Conduct random stock checks. Review wastage and breakage reports. Monitor bar and kitchen consumption patterns. Update inventory records and costing sheets.
• Weekly Duties Conduct departmental stock counts. Prepare weekly variance reports. Review menu costing updates. Meet with department heads on cost management issues. Analyze purchasing trends and supplier pricing.
• Monthly Duties Conduct full inventory audits. Prepare monthly cost reports and presentations. Reconcile stock valuation reports. Compare actual costs against budgets. Assist in month-end financial closing processes.

Required Qualifications

• Bachelor’s Degree or HND in Accounting, Finance, Business Administration, Hospitality Management, or related field. Professional certifications such as ICAN, ACCA, or CPA are an added advantage.
• 3–5 years experience in hotel cost control, accounting, or inventory management. Experience in hospitality accounting software and inventory systems.

Required Skills & Competencies:

• Strong analytical and numerical skills.
• Excellent knowledge of food and beverage costing. Inventory management expertise.
• Attention to detail and accuracy.
• Strong organizational and reporting skills.
• Proficiency in Microsoft Excel and hotel management software.
• Good communication and interpersonal skills. Integrity and confidentiality.
• Problem-solving and investigative abilities.
• Ability to work under pressure and meet deadline. 

Application Closing Date
31st August, 2026. 

How to Apply
Interested and qualified candidates should send their CV and application to: career@thejagzhotel.ng using the Job Title as the subject of the mail.