Cost Controller

15 hours ago


Kuwait City, Al Asimah SocialEats Hospitality Group Full time
Job Description

MBA/PG Diploma in Business Management (Finance)

Nationality: Indian

Vacancy: 1

Key Responsibilities
  1. Conduct thorough cost analyses on food and beverage products.
  2. Identify opportunities to optimize costs and develop strategies to enhance overall efficiency.
  3. Utilize data-driven insights to inform recommendations on pricing adjustments, portion sizes, and menu changes to maximize profitability.
Recipe Costing & Variance Analysis
  1. Conduct detailed cost analyses for recipes, taking into account the cost of each ingredient and associated overheads.
  2. Regularly review and update recipe costs based on fluctuations in ingredient prices and other factors.
  3. Monitor and analyze variances between expected and actual costs.
  4. Investigate discrepancies and report findings, implementing corrective actions as needed.
  5. Cross-reference sales data with inventory usage and costs using POS reports.
  6. Ensure standard recipes are up-to-date and accurately reflect current ingredient costs and portion sizes, making adjustments as necessary.
  7. Implement strategies to minimize food and beverage waste.
  8. Track and analyze wastage patterns, providing recommendations to reduce waste and improve overall efficiency.
Inventory Management
  1. Maintain accurate and up-to-date records of inventory levels.
  2. Develop and implement inventory control measures to minimize waste and ensure proper stock levels.
  3. Conduct regular stock takes and reconcile variances.
Standard Operating Procedures
  1. Develop and implement SOPs related to cost control and inventory management.
  2. Train staff on SOPs and ensure compliance with established procedures.
Reporting
  1. Generate regular reports on key performance indicators (KPIs) related to costs.
  2. Present findings and recommendations to management for strategic decision-making.
Qualifications
  • Bachelor's degree in finance, accounting, business, or a related field.
  • Proven experience in cost control, preferably in the Restaurants/F&B industry.
  • Familiarity with relevant software and tools for financial analysis.
Skills
  • Strong analytical and mathematical skills.
  • Knowledge of inventory management systems like Micros, Myinventory.
  • Excellent communication and negotiation skills.
  • Attention to detail and accuracy.

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