Store/ Cost Executive

4 days ago

Singapore RAFFLES SENTOSA SINGAPORE Full time

**JOB SUMMARY**:
As Store/Cost Executive at Raffles Sentosa Singapore, you will be responsible for overseeing and analyzing all aspects of cost control and inventory management within the hotel. This includes supervising daily receiving and storekeeping operations, ensuring accurate documentation and reporting of all inventory movements, and supporting the Finance and Food & Beverage departments with timely and precise cost data. Your role is critical in maintaining financial integrity and operational efficiency while upholding the luxurious standards of the Raffles brand.

**WHAT YOU WILL BE DOING**:
**Main Duties**:
- To study, analyse and report on all variances relating to costs and inventory management within the hotelsadministration- To manage the hotels inventory on beverage & Spa process on a monthly basis- To supervise the daily receiving and storekeeping activities- To ensure that all inventory movements within the hotel are accounted for and are properly supported with appropriate documentation- To ensure the implementation of all cost control policies and procedures by all departments- To create new items code in Purchasing system as and well requested.- To ensure that any creation or change of discount keys is approved by the Director of Food & Beverage, Director of Finance, and Hotel Manager prior to implementation. Outlet Managers must submit a printed test check after the key is created. (As operationally required.)- Prepare theF&B Flash Cost Report twice weekly, including:

- 1. Compilation of purchases and store requisitions
- 2. Inter-kitchen and inter-bar transfers
- 3. Accruals and food credit handling (ALD & AccurPlus Discounts and Staff & Promo consumption)- Support F&B cost analysis during month-end closing processes.- Any other duties / tasks as requested by management.

**Technical Responsibilities**:

- Assist in costing recipes, inter-kitchen transfers, and staff meal consumption.
- Define and maintain stock levels and par stock systems with department compliance.
- Ensure accurate documentation and control of goods received and delivered.
- Perform daily and monthly Food & Beverage reconciliations using POS reports.
- Conduct monthly physical stock counts for Beverage and Spa items.
- Report daily and monthly F&B cost data with analysis on significant variances.
- Inspect quality and quantity of goods received with department heads.
- Ensure prompt movement of goods to designated storage or departments.
- Monitor outstanding or partial deliveries with the Purchasing team.
- Prepare and distribute required reports accurately and in a timely manner.

**YOUR EXPERIENCE AND SKILL INCLUDE**:

- Diploma or Degree in Accounting, Finance, Business Administration, or related field.
- Minimum 2 years’ experience in a similar role in the luxury hospitality industry.
- Strong knowledge of inventory systems, cost control procedures, and POS analysis.
- High attention to detail and accuracy in reporting and reconciliations.
- Strong interpersonal skills with the ability to work cross-functionally.
- Proficient in Microsoft Excel and familiar with hotel management systems (e.g., Sun, MC, Symphony).
- Able to handle confidential information with integrity and discretion.
- Ability to work independently and under pressure to meet deadlines.

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