Cost Controller

Job Description:

Cost Control & Analysis

• Perform accurate menu and recipe costing for new and existing food and beverage items, including evaluation of standard recipes, yields, portion sizes and ingredient costs.
• Work closely with the F&B and Kitchen teams on menu costing, pricing, menu testing and planning to optimise profitability.
• Monitor and analyse food and beverage costs incurred against budget and theoretical costs, identify significant variances and recommend appropriate corrective actions.
• Review food and beverage sales and production reports regularly to identify irregularities, pricing discrepancies and potential revenue leakage.
• Prepare weekly and monthly F&B cost reports, providing clear analysis and insights to the F&B and Finance management on cost performance and profitability.

Inventory Management

• Establish and monitor appropriate par stock levels for F&B outlets and beverage stores to support efficient operations while minimising excess inventory.
• Conduct regular physical inventory counts of food and beverage stocks and investigate significant discrepancies between physical and system records.
• Ensure all inventory movements, including inter-kitchen/inter-outlet transfers, staff meals, complimentary items, wastage and breakages, are properly recorded and supported by documentation.
• Ensure month-end food and beverage inventories are accurately recorded, reconciled and agreed to the General Ledger.
• Monitor inventory levels, slow-moving and excess stock, and highlight potential risks to management.

Purchasing, Receiving & Stores

• Work closely with Purchasing, Receiving and Stores to ensure established inventory control policies and procedures are consistently followed.
• Review market lists, purchase orders, receiving records, invoices and costing information to ensure accuracy, completeness and effective cost control.
• Monitor purchasing and receiving activities and identify significant price or quantity variances for further investigation.
• Oversee the Receiving and Stores functions from a cost control perspective, ensuring proper documentation, inventory records and control procedures are maintained.

Wastage & Loss Prevention

• Monitor food and beverage wastage, spoilage, breakages and other inventory losses, identifying trends and opportunities for improvement.
• Investigate unusual inventory variances and potential leakage or pilferage and recommend appropriate corrective actions.
• Work with F&B and Kitchen teams to improve portion control, recipe compliance and wastage management.

F&B Revenue & Reconciliation

• Perform daily and monthly F&B reconciliations using POS-generated sales and operational reports, ensuring all discrepancies are investigated and satisfactorily explained.
• Review F&B sales against production and consumption reports to ensure that food and beverage items leaving the kitchen or bar are properly recorded and charged.
• Ensure selling prices in the POS system are aligned with approved menu prices and that any discrepancies are promptly identified and rectified.

Continuous Improvement & Projects

• Identify opportunities to improve F&B cost control processes, systems and procedures, with a focus on efficiency, accuracy and profitability.
• Support Finance and F&B initiatives, including procurement or system implementation and conversion projects.
• Perform other duties and projects as assigned by the Finance Manager / Director of Finance.

Job Requirements:

• Minimum of 2 years of working experience, preferably in Finance. Prior experience in 5 star luxury environments will be an added advantage.
• Projects professional image at all times through personal presentation / interpersonal skills.
• Initiates contact and establishes rapport easily.
• Appreciates and maintains an effective outlet for stress.
• Has the ability and willingness to undertake further development.
• Exceptional people and communication skills.
• The highest level of attention to detail.
• Exceptional organisational and time management skills.
• Microsoft Office expertise to Intermediate or Advanced level.
• Creativity and imagination.
• Experience in preparing, writing and proofing advertising copy.
• An affinity with technology in relation to Press Release distribution.