Cost Controller

Job description / Role

Essential Duties:
- Monitor and analyze all costs related to food, beverages, supplies, and other operational expenses.
- Identify areas of cost overruns or inefficiencies and recommend corrective actions.
- Prepare regular cost reports, including cost and inventory variance analysis and comparisons against budgeted targets.
- Provide accurate and timely financial data to management for informed decision-making.
- Develop and implement inventory control procedures to track and maintain optimal inventory levels.
- Conduct regular inventory audits to ensure accuracy and minimize stock discrepancies.
- Coordinate with kitchen and procurement teams to optimize stock rotation and minimize wastage.
- Monitor wastage levels to find the reason and reduce the same.
- Recommend and implement measures to reduce food and beverage costs, such as portion control and recipe standardization and SOP’s.
- Identify opportunities to streamline processes and eliminate unnecessary expenses.
- Keep up to date with industry trends and best practices in cost control.
- Monitor pricing and negotiate with suppliers to ensure competitive rates and quality products.
- Track actual financial performance against budgeted targets, identifying deviations and proposing corrective actions.
- Provide input and financial insights into menu pricing decisions including menu Engineering and analysis.
- Work closely with the accounting department to ensure accurate and timely recording of financial transactions.
- Collaborate with the operations team to analyze sales data and identify opportunities for cost optimization.
- Liaise with the procurement team to evaluate supplier contracts and negotiate favorable terms.
- Train and educate staff on cost control procedures and best practices.

Salary:
AED 7,000 to 9,000 per month inclusive of fixed allowances.

Requirements

Qualifications & Experience:
- Minimum experience of 5 years in the same field
- Thorough knowledge of Cost Accounting procedures.
- In-depth understanding of Food & Beverage operations and Cost Controlling in F&B Industry
- A bachelor’s degree in accounting, Finance, or Hotel/Hospitality Management.
- Professional certification such as CMA/ICWA Preferred.
- Willingness to work in flexible schedules.
- Awareness of business trends.
- Familiarity with financial accounting statements.
- Experience with month-end/year-end closing process.
- Hands-on experience with accounting software packages, like Microsoft Dynamics.
- Advanced MS Excel skills including VLOOKUP’s and pivot tables.
- Accuracy and attention to detail.
- Aptitude for numbers and quantitative skills.

About the Company

Joud Coffee is a specialty coffee in the heart of Abu Dhabi. We are passionate about offering Abu Dhabi’s most authentic coffee experience with the finest selection of specialty locally-roasted coffee.

Our new full-service menu features the best in comfort foods and classic dishes with modern flare that are sure to keep you coming back time and again. Our chefs have created a culinary experience that rivals any, with inspiration taken from all across the globe.

We have created a fun and welcoming neighborhood atmosphere to catch up with friends, get some work done, or simply enjoy our rich-flavoured coffee as an escape from the day. Come and be greeted with a smile, and experience all that Joud Coffee has to offer.