Cost Accountant

Job Purpose:

Cost Accountant is responsible for analyzing, monitoring, and controlling food, packaging, and operational costs across assigned brands/ restaurants- The role ensures accurate inventory valuation, recipe costing, and cost of goods sold (COGS) reporting while maintaining compliance with company financial and operational policies.

Key Responsibilities:

1. Inventory & Costing Control:

Maintain accurate item-level cost data in the ERP (Fusion / Crunch Time).

Reconcile monthly inventory variances between system and physical counts.

Review and validate GRNs, transfers, wastage, and consumption reports.

Investigate discrepancies and coordinate with restaurant and supply chain teams for resolution.

Ensure correct UOM and item mapping for all inventory and purchase transactions.

2. Recipe & Menu Costing

Prepare and update recipe cost sheets in coordination with the central recipe.

Support price change impact analysis and margin reports for menu engineering.

Review item-level recipe accuracy, yield factors, and standard vs actual cost deviations.

3. Reporting & Analysis

Generate monthly COGS, variance, and wastage analysis reports for assigned brands or markets.

Provide management with insights on cost trends, purchase price changes, and operational inefficiencies.

Support brand-level P&L reviews with detailed cost explanations and corrective action plans.

4. Process Control & Compliance:

Support internal and external audits by providing accurate cost and inventory data.

Ensure all costing and inventory processes comply with company policies and accounting standards.

Assist in developing process improvements for better cost visibility and control.

Qualifications & Experience:

Bachelor's degree in Accounting, Finance, or Commerce.

Minimum 35 years of experience in cost accounting, preferably in F&B, retail, or manufacturing.

Proficiency in ERP systems Oracle Fusion and inventory software (CrunchTime or similar).

Strong analytical and reconciliation skills with attention to detail.

Advanced Excel skills (pivot tables, lookups, data validation, etc.).