Cost Controller - Rixos Tersane Istanbul

Company Description

Tersane Istanbul is one of Turkey's most ambitious waterfront destination projects, bringing together hospitality, lifestyle, culture, gastronomy, retail, and entertainment within a unique ecosystem. Home to Rixos Tersane Istanbul and Aliée Istanbul, the destination continues to redefine urban experiences through world-class service, exceptional guest journeys, and a strong commitment to excellence.

As part of our continued growth, we are looking for a detail-oriented, analytical, and proactive professional to join our Finance team as a "Cost Controller".

Job Description

• Monitor and control food, beverage, and other operational costs to ensure compliance with established budgets and cost standards.
• Conduct regular cost analyses and investigate variances between actual costs, budgets, and theoretical consumption.
• Monitor purchasing prices, supplier invoices, goods receiving, stock movements, and inventory levels to ensure accuracy and cost efficiency.
• Conduct regular inventory counts and reconcile physical stock with system records, investigating and reporting discrepancies.
• Review food and beverage recipes, portion sizes, yields, and selling prices to support accurate food cost and beverage cost calculations.
• Monitor wastage, spoilage, complimentary items, staff meals, and other cost-related transactions, ensuring proper documentation and control.
• Review purchase requisitions, market lists, and stock requests in line with established procedures and operational requirements.
• Work closely with Purchasing, Receiving, Store, Kitchen, Food & Beverage, and other operational departments to strengthen cost control practices.
• Prepare daily, weekly, and monthly cost reports, including food cost, beverage cost, inventory variances, and consumption analyses.
• Monitor menu engineering data and product profitability, providing insights to support pricing and cost optimization decisions.
• Ensure compliance with inventory management procedures, internal controls, and company policies.
• Identify potential cost-saving opportunities and recommend improvements to minimize losses and maximize operational efficiency.
• Support month-end closing activities, inventory reconciliations, and internal and external audits.
• Prepare regular reports and present cost-related findings and recommendations to the Finance and operational management teams.

Qualifications

• Bachelor's degree in Finance, Accounting, Hospitality Management, or a related field.
• Previous experience in cost control within the hospitality industry, preferably in a luxury hotel environment.
• Strong knowledge of food and beverage cost control, inventory management, purchasing procedures, and stock reconciliation.
• Familiarity with hotel management systems, inventory management software, and POS systems.
• Proficiency in Microsoft Excel and financial reporting tools.
• Strong analytical, numerical, and problem-solving skills.
• High attention to detail, accuracy, and a strong sense of responsibility.
• Good command of written and spoken English.
• Strong communication skills and the ability to work effectively with both Finance and operational teams.
• Ability to meet deadlines, manage multiple priorities, and maintain accurate records in a fast-paced hospitality environment.