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Job Description:
Responsibilities
- Monitor daily food and beverage costs and analyze variances against budgets.
- Calculate recipe costing, menu costing, and standard costing for all products.
- Conduct cost-benefit analysis for new menu items and promotions.
- Review and validate purchase prices, supplier invoices, and contracts.
- Identify cost-saving opportunities without compromising quality.
Inventory Management
- Supervise inventory counts (monthly/quarterly) and reconcile physical stock with system records.
- Monitor stock levels, wastage, spoilage, and shrinkage.
- Ensure proper stock rotation (FIFO) and compliance with internal controls.
- Investigate and report inventory discrepancies.
Financial Reporting
- Prepare monthly cost reports and profitability analysis.
- Assist in budget preparation and forecasting.
- Provide detailed margin analysis by product category and outlet.
- Support internal and external audits by providing required documentation.
Compliance & Process Improvement
- Ensure adherence to company policies and accounting standards.
- Develop and improve cost control procedures and internal controls.
- Coordinate with procurement, operations, and kitchen teams to maintain cost efficiency.
Qualifications & Requirements
- Bachelors degree in Accounting, Finance, or related field.
- 3-5 years of experience in cost accounting, preferably in Food & Beverage, hospitality, or restaurant industry.
- Strong knowledge of inventory systems and ERP software.
- Advanced proficiency in Microsoft Excel.
- Solid understanding of costing methods (standard costing, FIFO, weighted average).
- Strong analytical and problem-solving skills.
- High attention to detail and accuracy.
- Ability to work under pressure and meet deadlines.
Required Skills:
• Hospitality
• Inventory
• Support
• Operations
• ERP
• Analysis
• Compliance
• Cost Control
• Internal Controls
• Process Improvement
• Financial Reporting
• Attention To Detail
• Forecasting
• Inventory Management
• Excel
• Procurement
• Records
• Pressure
• Preparation
• Accounting
• Software
• Microsoft Excel
• Documentation
• Finance
• Management
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