Cost Controller

Responsibilities

• Monitor and control all hotel costs, with a strong focus on Food & Beverage, inventory, and operating supplies.
• Conduct daily, weekly, and monthly cost analysis reports and identify variances against budget and forecasts.
• Work closely with Executive Chef, Purchasing Director, and department heads to ensure effective cost management.
• Review purchase orders, invoices, and receiving reports to ensure accuracy and compliance with hotel policies.
• Perform regular inventory audits (food, beverage, and non-consumables) and investigate discrepancies.
• Develop and maintain standard costing models for menus and hotel services.
• Ensure proper pricing, portion control, and waste management practices are implemented.
• Support budgeting and forecasting processes by providing accurate cost data and insights.
• Maintain compliance with internal controls, audit standards, and corporate financial policies.
• Identify opportunities for cost savings while preserving the luxury guest experience.
• Bachelor's degree in Finance, Accounting, Hospitality Management, or a related field.
• Minimum 3-5 years of experience in cost control or finance, preferably in luxury hotels or high-end hospitality environments.
• Strong knowledge of hotel financial systems and inventory management tools.
• Advanced proficiency in Microsoft Excel and financial reporting software.
• Solid understanding of F&B operations and cost structures.
• Excellent analytical, organizational, and problem-solving skills.
• High attention to detail with the ability to work under pressure.
• Strong communication skills and ability to collaborate across departments.
• Fluency in English;
• Our commitment to Diversity & Inclusion:
• We are an inclusive company and our ambition is to attract, recruit and promote diverse talent.

Additional Information

Job Summary The Cost Controller at Fairmont Baku is responsible for overseeing and managing all cost-related aspects of the hotel's operations, ensuring financial efficiency without compromising the luxury standards of the property. This role plays a critical part in monitoring expenses, analyzing variances, and supporting department heads in maintaining optimal cost control across food & beverage, procurement, and overall hotel operations.

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