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.