Cost Accountant

Client of NOK for Human Capital

Responsibilities

• Monitor daily food and beverage costs and analyze variances against budgets.

• Calculate recipe costing, menu costing, and standard costing for all products.

• Conduct cost-benefit analysis for new menu items and promotions.

• Review and validate purchase prices, supplier invoices, and contracts.

• Identify cost-saving opportunities without compromising quality.

Inventory Management

• Supervise inventory counts (monthly/quarterly) and reconcile physical stock with system records.

• Monitor stock levels, wastage, spoilage, and shrinkage.

• Ensure proper stock rotation (FIFO) and compliance with internal controls.

• Investigate and report inventory discrepancies.

Financial Reporting

• Prepare monthly cost reports and profitability analysis.

• Assist in budget preparation and forecasting.

• Provide detailed margin analysis by product category and outlet.

• Support internal and external audits by providing required documentation.

Compliance & Process Improvement

• Ensure adherence to company policies and accounting standards.

• Develop and improve cost control procedures and internal controls.

• Coordinate with procurement, operations, and kitchen teams to maintain cost efficiency.