Cost Controllers (Inventory) - F&B

Jobskey; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading food and beverage company is seeking a highly motivated Cost Controller specializing in Inventory Management. The successful candidate will manage inventory costs, ensure accurate financial reporting, and optimize supply chain processes. The role requires strong analytical, communication, and organizational skills with experience in the F&B industry. This position offers an opportunity to drive improvements and contribute to the overall financial health of the organization.

Qualifications

• Proven experience as a Cost Controller or in a similar role within the F&B industry.
• Strong analytical skills with the ability to interpret complex data and make informed decisions.
• Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams.

Responsibilities

• Monitor and analyze inventory levels, ensuring optimal stock to meet operational demands.
• Prepare and maintain detailed cost reports related to inventory.
• Collaborate with procurement to assess supplier pricing and negotiate favorable terms.

Skills

Inventory Management

Cost Analysis

Data Interpretation

Communication Skills

Problem-Solving

Tools

Inventory Management Software

Microsoft Excel

Job description

We are seeking a highly motivated and detail-oriented Cost Controller specializing in Inventory Management within the Food & Beverage (F&B) industry. The ideal candidate will play a pivotal role in managing inventory costs, ensuring accuracy in financial reporting, and optimizing the supply chain processes. As a crucial part of our team, you will collaborate with various departments, including procurement, finance, and operations, to maintain efficient inventory control and contribute to the overall financial health of our organization. This position requires a deep understanding of inventory management principles, cost analysis techniques, and the ability to leverage data for informed decision-making. You will be responsible for implementing best practices in inventory control and reporting, ensuring compliance with financial regulations, and identifying opportunities for cost savings.

Responsibilities:

1. Monitor and analyze inventory levels, ensuring that stock is maintained at optimal levels to meet operational demands while minimizing excess.
2. Prepare and maintain detailed cost reports related to inventory, providing insights into variances and trends for management review.
3. Collaborate with procurement to assess supplier pricing and negotiate favorable terms to reduce costs.
4. Implement inventory control systems and procedures to enhance accuracy in stock management and financial reporting.
5. Conduct regular audits of inventory to ensure compliance with internal controls and financial regulations.
6. Work closely with the finance team to prepare budgets and forecasts related to inventory costs.
7. Analyze inventory turnover rates and provide recommendations for improving efficiency and reducing waste.
8. Train and support staff on inventory management best practices and the use of inventory management software.
9. Assist in the development of policies and procedures related to inventory management and cost control.
10. Prepare presentations and reports for senior management, summarizing findings and strategic recommendations.

Preferred Candidate:

1. Proven experience as a Cost Controller or in a similar role within the F&B industry.
2. Strong analytical skills with the ability to interpret complex data and make informed decisions.
3. Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams.
4. Detail-oriented with exceptional organizational skills to manage multiple tasks and priorities.
5. Proficiency in inventory management software and Microsoft Excel for data analysis.
6. Strong problem-solving skills and the ability to think critically in high-pressure situations.
7. Knowledge of financial regulations and compliance standards related to inventory management.
8. Ability to work independently and take initiative in driving improvements in inventory processes.
9. Relevant certification in cost control or inventory management is a plus.
10. A commitment to continuous learning and professional development in the field of cost control.

Skills

• Inventory Management: Expertise in managing inventory levels, ensuring that stock is accurately tracked and controlled to minimize waste and loss.
• Cost Analysis: Proficient in analyzing costs associated with inventory and identifying areas for potential savings and efficiency improvements.
• Data Interpretation: Ability to interpret financial data and generate meaningful reports that assist in decision-making processes.
• Communication Skills: Strong verbal and written communication skills to effectively convey information and collaborate with various departments.
• Problem‑Solving: Proven ability to identify issues and develop strategic solutions to enhance inventory management practices.