Cost Controller

at  Joud Coffee

The 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.
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 Dhabis 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

Please refer the Job description for details