Employer Overview
A premium food and hospitality group in Dubai, United Arab Emirates, rooted in artisanal traditions, dedicated to preserving authentic culinary craftsmanship while presenting it through modern standards. The organization collaborates closely with independent food artisans to deliver honest, high-quality products and dining experiences inspired by Greek and Mediterranean heritage.
Job Summary:
The Cost Control Manager is responsible for overseeing all cost-related accounting operations within food and beverage outlets, ensuring accurate financial reporting, effective cost control systems, and compliance with international accounting standards. The role supports profitability through detailed analysis, budgeting, and close collaboration with operational teams.
Key Responsibilities:
- Liaise closely with Food & Beverage teams on operational and cost-related matters.
- Prepare recipe and menu costing in coordination with the Executive Chef and recommend appropriate selling prices.
- Conduct test checks on goods receiving to ensure compliance with established procedures.
- Perform random inventory counts in stores and outlets to validate stock accuracy.
- Prepare daily flash reports highlighting food cost performance.
- Attend major banqueting events, including open-bar functions, to monitor cost control.
- Prepare Profit & Loss statements and revenue breakdown summaries for major events.
- Verify outlet void control sheets and open-item pricing reports, ensuring correct POS configuration.
- Reconcile outlet inventories by analyzing opening stock, closing stock, issues, and sales.
- Review, verify, and approve food and beverage requisitions, including special event requests.
- Transfer POS (Micros) revenue data and generate potential usage and variance reports.
- Prepare costing for imported invoices and record free-of-charge beverage receipts.
- Review spoilage reports and prepare weekly general store issue reports.
Qualifications:
- Bachelor's degree in Finance, Accounting, Economics, MBA, or a related field.
- 610+ years of relevant experience in cost control within the Food & Beverage industry.
- Strong background in luxury hotels or large F&B groups (e.g., international hotel chains or multi-brand restaurant groups).
- Strong analytical and critical thinking abilities.
- High attention to detail and accuracy.
- Excellent organizational and time-management skills.
- Effective collaboration and communication with cross-functional teams.
- Adaptability in fast-paced environments.
- Negotiation skills related to pricing and cost efficiency.
- Cost management and control principles.
- Budgeting and forecasting methodologies.
- Cost analysis, variance reporting, and financial performance tracking.
- Earned Value Management (EVM).
- Project management tools and techniques.
- Advanced Microsoft Excel skills (formulas, PivotTables, data modeling, charting).
- Proficiency in ERP systems (e.g., SAP, Oracle).
- Experience with cost control and POS systems.
- Familiarity with data analytics tools and PowerPoint for reporting and presentations.
- Ability to manage complex cost structures across multiple outlets.
- Strong problem-solving capability related to financial discrepancies and operational inefficiencies.
- Capacity to work under pressure and meet tight reporting deadlines.
