Job Details
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Job Description
Job Summery
A well- Known Company is Seeking for passionate and dynamic Cost Controller to join the team with the following details:
Job Duties
- Control the Food and Beverage outlets in terms of wastage, pilferage, and efficiency.
- Prepare variance analysis for food & beverage and communicating with relevant parties.
- Develop and implement financial strategies, budgets, and forecasts to achieve short-term and long-term financial goals.
- Conduct regular financial analysis, identify trends, and provide insights on cost-saving opportunities and revenue enhancement strategies.
- Collaborate with management to develop pricing strategies, menu engineering, and cost optimization initiatives.
- Prepare accurate and timely financial statements, including profit and loss statements, balance sheets, and cash flow statements.
- Ensure compliance with accounting standards, internal policies, and relevant regulatory requirements.
- Perform internal audits and implement internal controls to safeguard assets and prevent fraud.
- Monitor and analyze food and beverage costs, labor expenses, and other operational expenditures.
- Implement effective cost control measures, such as inventory management systems, portion control, and waste reduction programs.
- Conduct regular inventory audits and maintain accurate inventory records.
- Manage cash flow and optimize working capital to meet operational requirements.
- Monitor accounts payable and receivable, ensuring timely and accurate processing of payments and collections.
- Collaborate with vendors and negotiate favorable terms to optimize cash flow and achieve cost savings.
- Evaluate, implement, and maintain robust financial systems and software tools to streamline financial processes and reporting.
- Provide training and support to staff members on financial systems and processes.
- Stay updated on industry trends and technological advancements to recommend improvements and efficiencies.
- Collaborate cross-functionally with department heads to align financial objectives with operational goals.
- Provide financial insights and recommendations to support decision-making processes.
- Work closely with Purchasing Department to monitor for all pending or partial deliveries.
- Supervising the Storekeepers.
- Any other tasks as and when required by the management.
Job Requirements
- Bachelor’s in accounting, Finance, or a related field. CPA or CMA certification preferred.
- Proven experience as a Restaurant Cost Controller or similar role in the hospitality industry.
- Strong knowledge of accounting principles, financial analysis, and reporting standards.
- Pervious Experience in Alcohol is Must
- Proficient in using financial software, Excel, and other relevant tools.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional attention to detail and accuracy.
- Ability to prioritize and manage multiple tasks in a fast-paced environment.
- Strong communication and interpersonal skills to collaborate effectively with diverse stakeholders.
- Ability to maintain confidentiality and exercise discretion with sensitive financial information.
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