Cost Controller

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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.

Key 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.