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
- 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.
- 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.
- 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.
- 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.
- 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.
