COST CONTROLLER

Job Summary:

We are seeking a skilled and detail-oriented Accountant / Cost Accountant with experience in the Food & Beverage (F&B) industry. This role is responsible for monitoring and controlling F&B costs, conducting variance analysis, managing inventory, and ensuring accuracy in financial records and compliance with FTA VAT regulations. The ideal candidate will support budgeting, financial planning, and help maximize profitability through effective cost management.

Key Responsibilities:

Cost & Financial Analysis:

• Prepare accurate cost calculations for recipes and menu items.
• Analyze food and beverage cost trends; recommend pricing strategies.
• Conduct variance analysis between actual and theoretical costs.
• Monitor monthly costs against budget targets; flag deviations.
• Identify and report on inefficiencies, wastage, or overspending.

Inventory & Documentation:

• Maintain accurate inventory records and participate in stock counts.
• Prepare and analyze monthly inventory, consumption, and wastage reports.
• Track and allocate staff meal consumption costs.
• Review and reconcile supplier invoices with purchase orders and delivery notes.

Financial Reporting & Compliance:

• Assist in preparation of monthly, quarterly, and annual financial reports.
• Ensure all transactions comply with internal policies and FTA VAT regulations.
• Review and post petty cash and credit card expenses.
• Support Finance Manager in implementing cost control systems.

Audits & Internal Controls:

• Perform periodic audits and spot checks to ensure operational compliance.
• Respond to internal cost-related queries and help resolve discrepancies.

Key Requirements:

• Bachelor’s degree in Accounting, Finance, or related discipline.
• 2–5 years of experience in accounting or cost control, preferably in the F&B, hospitality, or retail industries.
• Solid understanding of inventory control, cost analysis, and FTA tax compliance.
• Proficient in MS Excel and accounting software Tally, QuickBooks, SAP).
• Strong analytical, organizational, and problem-solving skills.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Excellent communication and interpersonal skills.