Cost Controller - F&B

Independent Food Company; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A premier hospitality organization in UAE is seeking a Cost Controller to optimize financial performance across multiple venues. This role involves managing costs, analyzing vendor relationships, and ensuring compliance with accounting standards while minimizing waste. You will work closely with department managers to enhance profitability without compromising quality. Ideal candidates have a strong background in financial management specifically tailored to the food and beverage sector and are skilled in budgeting and cost analysis.

Qualifications

• Strong understanding of food and beverage cost management.
• Ability to assess vendor relationships and market trends.
• Experience in analyzing financial data and reports.

Responsibilities

• Ensure accurate costing of food & beverage items.
• Analyze costs and prepare daily reports.
• Collaborate with department heads to minimize waste.

Skills

Cost analysis

Budget management

Vendor assessment

Market trend awareness

Job description

Driven to create unique home-grown food concepts that bring people together, the Independent Food Company is a UAE-based hospitality company with multiple concepts under its umbrella – SALT, Parker’s, Grind, Somewhere, Public, Soil and Kumo.

We are currently seeking to hire a Cost Controller to work collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability, with a deep commitment to the bottom line without compromising quality. You will be accountable for a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards.

Key Responsibilities

• Ensure up-to-date costing all food & beverage items and keep up-to-date records of all Food & Beverage monthly expenses to ensure strict budgeting control.
• Daily receive from stores, the goods received note and analyze as specified in food & beverage procedures.
• Prepare daily food & beverage costs
• Make periodical checks on the value of the restaurant food as compared to posted food totals by the cashiers
• Maintain an up-to-date list of all cost/ prices, ensure that all the cost/price measures and advice on variations
• Assess all incoming products, resources, and services to ensure the best price
• Remain acutely aware of market trends that could impact resource costs and keep up to date on new vendors and possible cost cutting partnerships.
• Analyze invoices to ensure correct products/services were received at the expected cost
• Collaborate with department heads to strategize ways to minimize waste
• Maintain an up-to-date list of all cost/ prices, ensure that all the cost/price measures and advice on variations