F & B Cost Controller

• The Food and Beverage (FB) Cost Controller is responsible for managing and controlling all aspects of the food and beverage costs
• This includes implementing effective cost control measures, analyzing financial data, monitoring inventory levels, and working closely with the culinary and service teams to optimize profitability while maintaining high-quality standards
• The FB Cost Controller plays a crucial role in ensuring the profitability and financial sustainability of the FB department

Key Responsibilities:

• Cost Analysis and Reporting:Analyze costs related to food and beverage items and identify cost-saving opportunities
• Prepare regular cost reports, highlighting variances and trends, and present findings to management
• Monitor and analyze menu engineering to optimize profitability and sales
• Inventory Management:Implement and maintain an efficient inventory tracking system for all FB items
• Conduct regular physical inventories and reconcile with the records
• Ensure accurate and timely recording of all inventory transactions
• Vendor Management:Negotiate with suppliers to secure competitive prices for high-quality products
• Evaluate vendor performance and negotiate contracts to ensure favorable terms
• Monitor deliveries, quality of products, and adherence to contracts
• Menu Engineering:Collaborate with the culinary team to analyze menu profitability and suggest pricing adjustments
• Assess the cost and profitability of new menu items before their introduction
• Waste Control:Implement strategies to minimize food and beverage wastage
• Train staff on portion control and waste reduction techniques
• Compliance and Standards:Ensure compliance with health and safety regulations in food and beverage handling
• Maintain updated knowledge of industry standards and trends related to FB cost control
• Forecasting and Budgeting:Assist in the preparation of annual budgets for the FB department
• Provide input and data for financial forecasts and projections
• Team Collaboration:Collaborate closely with chefs, bartenders, and service staff to optimize workflows and minimize wastage
• Conduct training sessions to educate staff about cost control measures and best practices
• Audit and Internal Controls:Establish and maintain internal controls to prevent fraud and ensure accuracy in financial reporting
• Coordinate with internal and external auditors during audits

Qualifications and Skills:

• Bachelors degree in Hospitality Management, Accounting, Finance, or a related field
• Proven experience in FB cost control, preferably in the hospitality industry
• Strong analytical skills and attention to detail
• Excellent negotiation and vendor management skills
• Proficiency in using inventory management software and Microsoft Excel
• Knowledge of accounting principles and financial analysis techniques
• Effective communication and interpersonal skills
• Ability to work well under pressure and meet deadlines
• Knowledge of food and beverage trends and market prices