Purpose of the role:
The Cost & Inventory Controller will be responsible for the overall cost control process, including menu engineering and preparation of the cost of goods sold, inventory, and warehouse management, including inventory invoice postings.
Key Areas of Responsibilities:
- Perform menu engineering based on requirements.
- Investigate the cause of variance and implement processes to eliminate them.
- Preparation and validation of the monthly cost of goods sold for all the divisions.
- Maintain and update all the menu items with the BOM in the ERP system.
- Resolve any discrepancies regarding the invoices and/or credit notes.
- Record daily inventory receipts and returns along with invoices.
- Ensure efficient inventory levels in coordination with the Procurement department.
- Establish and maintain controls to safeguard inventory and prevent theft or misappropriation.
- Ensure that all weighing scales are calibrated on a regular basis.
- Keep the cost level under control for food, beverage, packaging and general inventory in coordination with Procurement and Production departments.
- Limit the wastage through control over ordering and the production process.
- Ensure the standard recipe is being followed by Central Kitchen and Outlets.
- Maintain and validate the yield rates in the system through regular yield testing in Central Kitchen and Outlets.
- Ensure monthly and annual stock counts, analyze and resolve any discrepancies in opening, transfers, consumed, and closing stocks.
- Prepare and share the slow-moving stock report with Procurement, Production and Finance departments.
- Perform outlet audits as per the agreed-upon plans with the Finance team.
- Prepare ad hoc reports for different departments.
- Maintain master data for complete inventory, including raw materials and menu items in the ERP system.
- Coordinate with IT team for reports and system developments as per the requirements.
- Assist the finance team in related reports and analysis.
- Maintain confidentiality of information at all levels.
- Perform any other ad-hoc duties as assigned.
Professional Requirements:
· Qualified Accountant/Cost Accountant from a recognized institution with at least 4 years of
experience,
· Minimum 2 years of experience in Cost Control role within the Food & Beverage (F&B) industry, preferably in a central kitchen production model where food is prepared centrally and distributed to branches for sale.
· Hands-on experience with Microsoft Dynamics 365 is preferred for this role.
· A high level of computer literacy is required; proficiency in MS Excel at an intermediate to advanced level.
· Proficiency in English is essential, while spoken Hindi is considered an added advantage.
· Adequate awareness of HACCP standards
Interpersonal Requirements:
· Excellent organizational and time management skills to perform under pressure
· Strong analytical skills
· Attention to detail with the ability to handle multiple tasks simultaneously
· Excellent communication and interpersonal skills
· Ability to handle confidential information with discretion
· Team player with a can-do attitude.
· Ability to meet strict deadlines
· Commitment to developing and maintaining a premium brand.
Package: SAR 8,000-9000.
