Cost Controller
15 hours ago
MBA/PG Diploma in Business Management (Finance)
Nationality: Indian
Vacancy: 1
Key Responsibilities- Conduct thorough cost analyses on food and beverage products.
- Identify opportunities to optimize costs and develop strategies to enhance overall efficiency.
- Utilize data-driven insights to inform recommendations on pricing adjustments, portion sizes, and menu changes to maximize profitability.
- Conduct detailed cost analyses for recipes, taking into account the cost of each ingredient and associated overheads.
- Regularly review and update recipe costs based on fluctuations in ingredient prices and other factors.
- Monitor and analyze variances between expected and actual costs.
- Investigate discrepancies and report findings, implementing corrective actions as needed.
- Cross-reference sales data with inventory usage and costs using POS reports.
- Ensure standard recipes are up-to-date and accurately reflect current ingredient costs and portion sizes, making adjustments as necessary.
- Implement strategies to minimize food and beverage waste.
- Track and analyze wastage patterns, providing recommendations to reduce waste and improve overall efficiency.
- Maintain accurate and up-to-date records of inventory levels.
- Develop and implement inventory control measures to minimize waste and ensure proper stock levels.
- Conduct regular stock takes and reconcile variances.
- Develop and implement SOPs related to cost control and inventory management.
- Train staff on SOPs and ensure compliance with established procedures.
- Generate regular reports on key performance indicators (KPIs) related to costs.
- Present findings and recommendations to management for strategic decision-making.
- 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.
- 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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