Cost Controller (F&B/CBD)

CGTX PTE. LTD.; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

CGTX PTE. LTD. in Singapore is seeking an experienced professional for an inventory control position. Responsibilities include managing inventory systems, overseeing procurement activities, and ensuring compliance with financial and operational controls.

Candidates should have meticulous attention to detail, strong analytical skills, and familiarity with beverage products, as well as prior experience in a food and beverage establishment.

Qualifications

• Meticulous attention to detail and strong analytical skills.
• Prior experience in an F&B establishment.

Responsibilities

• Manage and maintain the company’s inventory system.
• Provide feedback to enhance company’s inventory system.
• Serve as the primary goods receiver across venues.
• Conduct weekly physical stock counts of inventories.
• Verify accuracy of stock transfers and internal requisitions.
• Review asset purchase requests to prevent unnecessary expenditure.
• Lead procurement activities and vendor sourcing.
• Monitor and review entertainment claims for budget compliance.
• Design and implement compliance and control measures.
• Manage the company's software and IT infrastructure.

Skills

Attention to detail

Analytical skills

Familiarity with beverage products

Job description

Key Responsibilities

Inventory Control

• Manage and maintain the company’s inventory system, ensuring data accuracy and smooth operational integration.
• Provide feedback to enhance company’s inventory system.
• Serve as the primary goods receiver across five venues, performing checks to ensure compliance with receiving procedures.
• Conduct weekly physical stock counts of food and beverage inventories to maintain accurate records and accountability.
• Verify the accuracy and documentation of stock transfers and internal venue requisitions within the inventory system.
• Review and assess asset purchase requests to prevent unnecessary expenditure.

Cost Management & Optimisation

• Review food and beverage costs and collaborate with venue managers to identify and implement cost optimisation initiatives.
• Monitor and review entertainment and miscellaneous claims to ensure compliance with approved budgets and supporting documentation requirements.

Procurement & Supplier Management

• Lead procurement activities, including vendor sourcing, price negotiations, and supplier relationship management, to secure cost-effective purchasing outcomes.
• Evaluate and obtain quotations for capital expenditure purchases, ensuring cost-effectiveness and alignment with business priorities.
• Liaise with suppliers to manage beverage agreements, track incentives and achievement targets, and follow up on timely supplier payouts.

Compliance, Controls & Systems

• Design and implement compliance and control measures to strengthen inventory accuracy and enhance financial oversight.
• Establish and oversee internal processes to reinforce operational and financial controls.
• Manage the company's software and IT infrastructure, with a focus on POS and inventory systems, to maintain system integrity and mitigate potential risks or loopholes.
• Act as the primary controller of POS SKU setup and pricing updates to ensure accuracy and consistency across all venues.

Requirements

• Meticulous attention to detail and strong analytical skills.
• Familiarity with beverage products and prior experience in an F&B establishment.