Cost Accountant – Restaurants & F&B
Job Description
- Prepare monthlyProfit & Loss (P&L)reports and analyze financial performance.
- MonitorFood Cost, COGS, Recipe Costing, and Menu Costing.
- Compare actual costs versus standard costs and investigate variances.
- Monitor inventory movements, stock levels, wastage, shortages, and branch/store deviations.
- Perform and superviseperiodic physical inventory countsfor branches and warehouses.
- Reconcile actual stock counts withFoodics or system inventory recordsand investigate any shortages, excesses, or discrepancies.
- Prepare inventory variance reports and submit findings and recommendations to management.
- Conductsurprise stock countswhen required.
- Analyze stock consumption and identify unusual usage, waste, or potential control issues.
- Analyze profitability by product, category, and branch.
- Support management in product pricing and menu pricing decisions.
- Monitor supplier costs and identify opportunities to reduce expenses and improve margins.
- Prepare daily, weekly, and monthly management reports.
- Follow up on the accounting and documentary cycle of branches and stores.
- Perform bank reconciliations, supplier account follow-up, and support monthly closing activities.
- Work closely with operations, purchasing, warehouses, and branch management.
- Maintain accurate cost and inventory records.
- Provide management with recommendations to improve profitability and cost efficiency.
- UseFoodicsto review and analyze sales, discounts, voids, returns, payment methods, branch performance, and cashier transactions.
- ReviewFoodics inventory, sales, and product reportsand reconcile system data with actual operational and accounting records.
- Monitor recipe and product costing through Foodics and identify discrepancies between theoretical and actual food cost.
- Review daily sales closing reports and reconcile Foodics sales with cash, card, and other payment methods.
- Detect unusual transactions, stock variances, wastage, or operational discrepancies using Foodics reports.
- Ensure that product prices, recipes, inventory items, and cost information are correctly reflected in the system.
- Extract and prepare financial and operational reports from Foodics for management review.
Requirements & Qualifications
- Requirements:Bachelor’s degree in Accounting, Finance, or a related field.Minimum3 years of relevant experience, preferably in restaurants, cafés, hospitality, or F&B.Hands-on experience with Foodics is highly preferred.
Experience with a similar restaurant POS / ERP system may also be considered.Ability to independently extract, review, and analyze reports from Foodics or similar restaurant management systems.Strong knowledge ofFood Cost, COGS, Inventory Control, Recipe Costing, Menu Costing, P&L Analysis, and Stock Reconciliation.Strong Microsoft Excel skills.Experience with ERP or accounting systems is preferred.Strong analytical skills and attention to detail.Ability to work independently and provide clear financial insights to management.
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum3 years of relevant experience, preferably in restaurants, cafés, hospitality, or F&B.
- Hands-on experience with Foodics is highly preferred.
Experience with a similar restaurant POS / ERP system may also be considered.
- Ability to independently extract, review, and analyze reports from Foodics or similar restaurant management systems.
- Strong knowledge ofFood Cost, COGS, Inventory Control, Recipe Costing, Menu Costing, P&L Analysis, and Stock Reconciliation.
- Strong Microsoft Excel skills.
- Experience with ERP or accounting systems is preferred.
- Strong analytical skills and attention to detail.
- Ability to work independently and provide clear financial insights to management.
Quick Role Summary
Opportunity as "Cost Accountant – Restaurants & F&B" at شركة رائدة located in الدقي on a Full-Time basis, suited for Fresh Graduate candidates, within Marketing & Sales. Key details from listing: • Prepare monthlyProfit & Loss (P&L)reports and analyze financial performance. • MonitorFood Cost, COGS, Recipe Costing, and Menu Costing. • Compare actual…
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