Cost Controller - F&B and Restaurant Background only
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Key skills for this role
About the Role
Key Responsibilities: Cost Management: Analyze food and beverage costs, labor costs, and operational expenses across all restaurant outlets. Develop cost-saving initiatives without compromising quality or standards.
Key Skills for This Role
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Key Responsibilities
- **Cost Management:**
- Analyze food and beverage costs, labor costs, and operational expenses across all restaurant outlets.
- Develop cost-saving initiatives without compromising quality or standards.
- **Inventory Control:**
- Monitor inventory levels and usage to prevent wastage or overstocking.
- Conduct regular stock counts and reconcile discrepancies.
- Implement best practices in inventory control and forecasting.
- **Purchasing Oversight:**
- Review supplier contracts and pricing to ensure cost efficiency.
- Collaborate with the procurement team to standardize purchasing practices and negotiate better terms.
- **Budgeting & Reporting:**
- Prepare and analyze budgets, forecasts, and financial reports related to operational costs.
- Provide monthly cost variance reports and recommend corrective actions.
- **Menu Engineering:**
- Work closely with chefs and restaurant managers to analyze menu profitability.
- Suggest pricing adjustments and optimize menu offerings based on cost analysis.
- **Compliance & Auditing:**
- Ensure adherence to company policies, industry standards, and regulatory requirements.
- Conduct internal audits to verify compliance with financial and operational controls.
- **Collaboration:**
- Partner with operational teams to identify areas of inefficiency and develop improvement strategies.
- Train and support staff in cost management best practices.
Qualifications & Skills
- **Education:** Bachelor’s degree in Accounting, Finance, or a related field.
- **Experience:**
- Minimum of 5 years’ experience as a Cost Controller, preferably in a multi-unit restaurant or hospitality chain.
- Proven track record of managing costs and driving profitability in the F&B industry.
- **Technical Skills:**
- Proficient in ERP systems, inventory management software, and MS Office (Excel, Word, PowerPoint).
- Strong analytical and problem-solving skills.
- **Soft Skills:**
- Detail-oriented with excellent organizational skills.
- Strong communication and interpersonal skills for collaboration across teams.
- Ability to work under pressure and meet deadlines.
Preferred
- Immediate joiners.
- Professional certifications such as CMA (Certified Management Accountant) or CPA (Certified Public Accountant) are a plus.
- Experience with menu engineering tools or restaurant POS systems
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