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.