Cost Controller F&B

1 week ago

Riyadh, Ar Riyāḑ, Saudi Arabia Independent Food Company Full time 60,000 - 80,000 per year
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

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

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