Cost Management Specialist

2 months ago


Ayala Alabang, National Capital Region, Philippines Filinvest Group Full time
Job Summary

A Cost Management Specialist is sought by Filinvest Group to oversee the financial performance of their hotel in Muntinlupa City.

The ideal candidate will have a strong background in financial analysis, budget preparation, and variance reporting. Experience with cost-control software, hotel management systems, and Microsoft Office Suite, especially Excel, is highly desirable.

About the Role

This role involves managing and optimizing the hotel's financial performance by overseeing cost management, budget analysis, and process improvements. The successful candidate will work closely with various departments to monitor expenses, conduct financial analysis, and develop cost-control strategies to ensure alignment with the hotel's financial goals.

  • Main Responsibilities:
  • Analyze and monitor all costs within the hotel, ensuring they align with budgetary guidelines and identifying areas for cost savings.

  • Develop and implement cost control procedures across departments to optimize spending.

  • Conduct regular inventory audits, ensuring accurate valuation of inventory items, and monitor wastage, spoilage, and other controllable costs.

  • Financial Analysis and Reporting:
  • Prepare and review monthly cost reports, comparing actual costs to budgeted amounts, and analyze any variances.

  • Conduct in-depth financial analysis to identify trends, opportunities, and areas for improvement.

  • Collaborate with the finance team to prepare budget forecasts and expense projections, contributing to overall financial planning.

  • Process Improvement and Automation:
  • Identify and implement process improvements to streamline cost management activities, reducing manual effort and increasing accuracy.

  • Utilize relevant software and automation tools to enhance reporting and data accuracy, improving the efficiency of financial controls.

  • Document and standardize procedures for inventory management, purchasing, and other cost-related activities.

Requirements
  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  • Minimum of 3-5 years of experience in cost control, financial analysis, or related roles, preferably in a hotel or hospitality environment.
  • Strong background in financial analysis, budget preparation, and variance reporting.
  • Proficiency in cost-control software, hotel management systems, and Microsoft Office Suite, especially Excel.
  • Experience in implementing process improvements and using automation to enhance efficiency.
  • Willingness to work in Muntinlupa City.

Salary: PHP 120,000 - PHP 180,000 per month



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