Cost Controller F&B

Job Purpose

The Cost Controller is responsible for overseeing and analyzing cost expenditures and purchases across all F&B brands within the company. This role ensures effective cost management, accurate reporting, and compliance with internal financial controls to support profitability and operational efficiency.

Key Responsibilities

1. Cost Management & Control

• Monitor food, beverage, packaging, and other operating costs to identify variances and control waste.
• Establish cost control procedures for all restaurants and central kitchens.
• Collaborate with operations and procurement teams to evaluate product usage and implement cost-saving measures.

2. Inventory & Stock Control

• Conduct periodic physical inventory checks and reconcile with recorded figures.
• Review and validate daily consumption reports and stock movements.
• Investigate and report discrepancies or wastage trends.

3. Reporting & Analysis

• Prepare monthly cost reports, variance analysis, and inventory turnover reports.
• Support monthly P&L reviews with detailed cost breakdowns and commentary.
• Analyze historical data and forecast cost trends to inform strategic decisions.

4. Compliance & Auditing

• Ensure all inventory and cost records are maintained in accordance with accounting and internal audit standards.
• Coordinate internal audits for stockrooms and stores.
• Assist in maintaining accurate records for VAT, supplier payments, and inter-company transfers.

5. System & Process Improvement

• Optimize the use of ERP and POS systems for cost tracking and reporting.
• Recommend automation or process improvements for efficiency and accuracy.

Qualifications & Requirements

• Bachelor's Degree in Accounting, Finance, or related field (CPA or CMA is a plus).
• Minimum 3-5 years of experience in cost control, preferably within the F&B or hospitality sector.
• Strong knowledge of inventory systems, cost structures, and financial reporting.
• Proficiency in Microsoft Excel and ERP systems (e.g., Oracle, SAP, or similar).
• Excellent analytical, organizational, and communication skills.
• Fluent in English; Arabic is a plus.