The Senior Cost Accountant plays a crucial role in managing and optimizing costs – with emphasis on direct material costs - within the Finance department at Cilantro. This position involves monitoring expenses, analyzing financial data, and implementing strategies to ensure cost efficiency and profitability are maintained.
RESPONSIBILITIES- Record & Monitoring
- · Review, record and control all inbound and outbound material transactions in/out of all inventory locations (stores & warehouses)
- · Review supplier goods receiving notes and match it to internal records.
- · Analyze and monitor daily DMC & stock levels at stores
- Inventory Control
- · Conduct regular store audit visits Material & Cash Spot Check
- · Conduct regular analysis of F&B costs.
- · Generate detailed reports on cost variances (Budget vs Actual) and (Actual vs Standard)
- Reporting & Analysis
- · Provide insights and recommendations based on cost analysis
- · Implement and maintain effective inventory management procedures.
- Menu Costing
- · Collaborate with chefs and menu planners to cost out menu items.
- · Regularly review and update menu costs based on ingredient prices.
- Analyze menu engineering data to maximize profitability.
REQUIREMENTS- Bachelor of Accounting/Finance (or any other relevant field)
- Years of experience: - 3 to 5 years
- Preferably holds other functional qualifications: FMVA, CMA
