Cost Controller- F&B

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

Job summary

A leading hospitality company in the UAE seeks a Cost Controller to enhance profitability through detailed analysis and budgeting controls. The role requires collaboration with departmental managers to ensure accurate financial reporting and cost management, while staying updated on market trends. Ideal candidates will exhibit strong analytical skills and a commitment to efficiency without sacrificing quality.

Qualifications

• Experience in cost control within the hospitality industry is preferred.
• Strong analytical and numerical skills required.
• Ability to collaborate with various department managers.

Responsibilities

• Ensure accurate costing and budgeting for all food and beverage items.
• Analyze and verify vendor invoices for accuracy.
• Collaborate with department heads on waste reduction strategies.

Skills

Budgeting control

Vendor relationship management

Cost analysis

Financial reporting

Education

Bachelor's degree in Finance or Accounting

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.

Scope of work:

• Ensure up-to-date costing of all food & beverage items and keep 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 restaurant food compared to posted food totals by cashiers.
• Maintain an up-to-date list of all costs/prices, ensure all measures are followed, and advise on variations.
• Assess all incoming products, resources, and services to ensure the best price.
• Stay aware of market trends that could impact resource costs and keep updated on new vendors and 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.