Finance Manager

Panna Hospitality Group; Jakarta Utara; On-site; IDR 167,400,000 - 334,800,000; Full time

Job summary

Panna Hospitality Group is seeking a Finance & Cost Control professional to oversee cost control measures across multiple outlets in Jakarta. You will monitor COGS, inventory, and variances, ensuring accurate costing and pricing.

The role involves monthly reporting, budgeting support, and cross-functional collaboration to enhance profitability. Ideal candidates have 3–5 years in Finance within F&B or hospitality, with strong Excel skills and experience in financial analysis and SOP adherence

Qualifications

• Minimum 3–5 years of progressive experience in Finance and Accounting, preferably within F&B, hospitality, retail, or multi-outlet businesses.
• Proven experience managing budgeting, forecasting, cash flow, P&L reporting, COGS analysis, inventory control, and monthly financial closing.
• Strong understanding of cost control, food cost, labour cost, operational expense monitoring, and variance analysis.
• Able to prepare accurate financial reports and provide actionable insights to improve outlet profitability and operational efficiency.
• Experience coordinating with Operations, Purchasing, Warehouse, and Outlet Managers to ensure financial compliance and cost discipline.

Responsibilities

• Monitor food, beverage, packaging, and operational costs across all outlets.
• Review daily sales, purchases, stock movements, wastage, and inventory variances.
• Ensure recipe costing, menu costing, and selling prices are accurate and updated.
• Conduct regular stock opname and investigate discrepancies with Outlet, Warehouse, and Purchasing teams.
• Analyse COGS, food cost percentage, gross profit, and operational expenses; identify cost-saving opportunities.
• Verify supplier invoices, purchase orders, goods receipts, and inventory records for accuracy and compliance.
• Prepare weekly and monthly cost-control reports, including variance analysis and recommendations.
• Support budget preparation, forecasting, and monthly financial closing.
• Maintain cost-control SOPs and ensure outlets follow approved portioning, recipe, and inventory procedures.
• Collaborate with Finance, Operations, Procurement, and Outlet Managers to improve profitability and cost efficiency.

Skills

Cost control

Budgeting

Forecasting

P&L reporting

Variance analysis

Financial modelling

Team leadership

Communication

Tools

Microsoft Excel

Google Sheets

Pivot Tables

Job description

• Monitor food, beverage, packaging, and operational costs across all outlets.
• Review daily sales, purchases, stock movements, wastage, and inventory variances.
• Ensure recipe costing, menu costing, and selling prices are accurate and updated.
• Conduct regular stock opname and investigate discrepancies with Outlet, Warehouse, and Purchasing teams.
• Analyse COGS, food cost percentage, gross profit, and operational expenses; identify cost-saving opportunities.
• Verify supplier invoices, purchase orders, goods receipts, and inventory records for accuracy and compliance.
• Prepare weekly and monthly cost-control reports, including variance analysis and recommendations.
• Support budget preparation, forecasting, and monthly financial closing.
• Maintain cost-control SOPs and ensure outlets follow approved portioning, recipe, and inventory procedures.
• Collaborate with Finance, Operations, Procurement, and Outlet Managers to improve profitability and cost efficiency.

• Minimum 3–5 years of progressive experience in Finance and Accounting, preferably within F&B, hospitality, retail, or multi-outlet businesses.
• Proven experience managing budgeting, forecasting, cash flow, P&L reporting, COGS analysis, inventory control, and monthly financial closing.
• Strong understanding of cost control, food cost, labour cost, operational expense monitoring, and variance analysis.
• Able to prepare accurate financial reports and provide actionable insights to improve outlet profitability and operational efficiency.
• Experience coordinating with Operations, Purchasing, Warehouse, and Outlet Managers to ensure financial compliance and cost discipline.
• Proficient in Microsoft Excel or Google Sheets, including pivot tables, advanced formulas, and financial modelling.
• Familiar with accounting software, POS systems, inventory management systems, and multi-outlet reporting.
• Able to lead, mentor, and supervise finance/accounting team members.
• Comfortable working in a fast-paced environment with multiple priorities and strict reporting deadlines.