Plaza Premium Group
Cost Controller (F&B and Hospitality)
KSA - Jeddah
RESPONSIBILITIES:
- Monitor and analyse weekly and monthly F&B costs, including consumptions, purchase price variances and other key cost indicators.
- Prepare F&B cost control and inventory reports, highlighting significant variances, trends and areas requiring management attention.
- Monitor physical stock counts and reconcile inventory balances between physical stock and system records.
- Investigate inventory variances, abnormal stock movements, negative stock, wastage, breakages, transfers and inventory adjustments.
- Monitor purchasing and receiving activities, including Purchase Orders, Delivery Notes, GRNs, invoice matching and outstanding transactions.
- Review supplier pricing and quotation comparisons and highlight significant price changes or purchasing discrepancies.
- Maintain and monitor recipe costing to ensure the correct products, UOMs, quantities and costs are accurately reflected.
- Support menu pricing and profitability reviews by verifying recipe accuracy, proposed selling prices and profit margins.
- Identify duplicate, obsolete, inactive or incorrectly created products and coordinate with Procurement and Operations for corrective action.
- Monitor stock holding, stock turnover, slow-moving items and potential obsolete inventory.
- Ensure compliance with Cost Control Operating Manuals, procedures and internal control requirements.
- Conduct periodic process reviews and follow up with operational teams on identified control gaps and corrective actions.
- Provide practical cost control guidance to operational teams and support continuous improvement of F&B cost control processes.
- Assist with the implementation of new cost control processes, Operating Manuals and training initiatives.
- Ensure all cost control activities, reports, reconciliations and supporting documentation are completed accurately and within the required timelines.
- Identify opportunities to improve cost efficiency, strengthen internal controls, reduce unnecessary costs and improve overall F&B profitability
REQUIREMENTS:
- Should possess minimum Degree in Finance or related field.
- Minimum 5 years of working experience in similar position.
- Experience in receiving, store and hotel operation is an advantage.
- Good verbal and written communication skills.
- Good analytics and reporting skills.
- Ability to multitask, work in a fast-paced environment.
- Good knowledge and use of Check SCM is mandatory including F&B POS.
- Have a high-level attention to detail.
- Ability to work independently and to collaborate with others to promote an environment of teamwork.
