Cost Controller

JOUD Cafe; Abu Dhabi; On-site; AED 60,000 - 80,000; Full time

Job summary

A prominent café is seeking a cost control specialist responsible for monitoring and analyzing costs related to food, beverages, and operational expenses. The role involves preparing financial reports, optimizing inventory management, and implementing cost-saving measures, ensuring efficient operations and minimal wastage. Ideal candidates will have a strong background in finance and proven experience in cost analysis and inventory control.

Qualifications

• Strong background in financial analysis and cost control.
• Experience with inventory management systems.
• Ability to train staff on cost control procedures.

Responsibilities

• Monitor and analyze operational costs related to food, beverages, and supplies.
• Prepare cost reports and variance analysis.
• Develop and implement inventory control procedures.

Skills

Cost Analysis

Inventory Management

Financial Reporting

Supplier Negotiation

Process Optimization

Education

Degree in Finance or Accounting

Job description

Monitor and analyse all costs related to food, beverages, supplies, and other operational expenses.

Identify areas of cost overruns or inefficiencies and recommend corrective actions.

Prepare regular cost reports, including cost and inventory variance analysis and comparisons against budgeted targets.

Provide accurate and timely financial data to management for informed decision-making.

Develop and implement inventory control procedures to track and maintain optimal inventory levels.

Conduct regular inventory audits to ensure accuracy and minimise stock discrepancies.

Coordinate with kitchen and procurement teams to optimize stock rotation and minimize wastage.

Monitor wastage levels to find the reason and reduce the same.

Recommend and implement measures to reduce food and beverage costs, such as portion control and recipe standardization and SOPs.

Identify opportunities to streamline processes and eliminate unnecessary expenses.

Keep up to date with industry trends and best practices in cost control.

Monitor pricing and negotiate with suppliers to ensure competitive rates and quality products.

Track actual financial performance against budgeted targets, identifying deviations and proposing corrective actions.

Collaborate with the operations team to analyse sales data and identify opportunities for cost optimisation.

Liaise with the procurement team to evaluate supplier contracts and negotiate favourable terms.

Train and educate staff on cost control procedures and best practices.