Cost Controller (F&B and Hospitality)

Cost Controller (F&B and Hospitality) – Jeddah, KSA

Join Plaza Premium Group as a strategic Cost Controller within our dynamic F&B and Hospitality division. In this pivotal role, you will drive operational efficiency, enhance financial accuracy, and optimize profitability by overseeing cost management, inventory control, and procurement processes. This position offers an exciting opportunity to contribute to a high-performing organization while leveraging your expertise in financial analysis and process improvement.

As the Cost Controller, you will play a critical role in ensuring financial discipline across our hospitality operations. Your responsibilities will span cost monitoring, inventory reconciliation, supplier negotiations, and process optimization—all aimed at maintaining operational excellence and maximizing profitability. This is a dynamic role that demands analytical rigor, attention to detail, and a proactive approach to identifying cost-saving opportunities.

Key Responsibilities:

• Cost Analysis and Reporting: Monitor and analyze weekly and monthly F&B costs, including consumption trends, purchase price variances, and key performance indicators. Prepare comprehensive cost control and inventory reports, highlighting variances, trends, and actionable insights for management.
• Inventory Management: Oversee physical stock counts and reconcile discrepancies between system records and actual inventory levels. Investigate irregularities such as negative stock, wastage, breakages, and unauthorized transfers to ensure accuracy and accountability.
• Procurement and Supplier Oversight: Monitor purchasing activities, including Purchase Orders, Delivery Notes, and invoice matching. Review supplier pricing and quotation comparisons to identify cost-saving opportunities and discrepancies.
• Recipe and Menu Optimization: Maintain and refine recipe costing to ensure accuracy in product composition, quantities, and costs. Support menu pricing and profitability reviews by validating recipe accuracy and proposed selling prices to enhance overall profitability.
• Process Improvement and Compliance: Identify obsolete, inactive, or incorrectly listed products and collaborate with Procurement and Operations teams to implement corrective actions. Conduct periodic process reviews to address control gaps and promote continuous improvement in F&B cost management.
• Strategic Cost Control: Provide guidance to operational teams on cost-saving best practices and support the implementation of new cost control processes, training initiatives, and Operating Manuals. Identify opportunities to reduce unnecessary costs, strengthen internal controls, and improve stock turnover efficiency.
• Technical Proficiency: Ensure all cost control activities, reconciliations, and documentation are completed accurately and within specified timelines. Leverage expertise in Check SCM and F&B POS systems to streamline operations and enhance data-driven decision-making.

Requirements:

• Education: Minimum of a Bachelor’s Degree in Finance, Accounting, or a related field.
• Experience: At least five years of experience in a similar role, with a strong preference for candidates with experience in receiving, store, and hotel operations.
• Technical Skills: Proficiency in Check SCM and F&B POS systems is mandatory. Familiarity with inventory management, cost analysis, and financial reporting tools is a significant advantage.
• Analytical and Reporting Skills: Ability to interpret complex financial data, identify trends, and present insights in a clear and actionable manner.
• Communication and Collaboration: Strong verbal and written communication skills to interact effectively with cross-functional teams, including Procurement, Operations, and Management. Ability to work independently and collaboratively in a fast-paced environment.
• Attention to Detail: High-level attention to detail to ensure accuracy in financial reporting, inventory reconciliation, and process compliance.
• Problem-Solving: Proactive mindset with a focus on identifying inefficiencies, implementing solutions, and driving operational excellence.

If you are a detail-oriented professional with a passion for financial optimization and a commitment to excellence, we invite you to apply for this impactful role. Join us in shaping the future of cost management within our vibrant F&B and Hospitality sector.