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F&B Cost Controller

Wraith Investments

3 - 5 years Dubai - United Arab Emirates

Any Graduation. Any Nationality

Medical Insurance, Paid Leave, Annual Ticket

, Posted on March 8, 2018 1 Opening

Job Description

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Job Description:

• Responsible for calculating costs of Food and Beverage items.
• Record information and produce control reports periodically to help maintain a suitable inventory of food and beverage items for the restaurant.
• Help change price menus or change the prices of certain items based on the information they collect.
• Recommend solutions if food or beverage shortages occur.
• To control the Food and Beverage Cost.
• Engineer the Menu in terms of cost.
• Adhering to all cost control procedures.
• Updating costing.
• F&B revenue and cost audits.
• Review purchase procedures for all F&B items.
• Ensures compliance with documentation/ authorization processes.
• Processes food and beverages accrual.
• Monitor inventories of Food & Beverage to increase inventory turn - over.
• Participate in month end reporting procedures in relation to F&B stock.
• Prepare variance analysis for food & beverage and communicating/discussing with relevant parties.
• Update and maintain receipts into the systems (FMC).
• Coordinate with restaurant management and finance to sort out issues pertaining to F&B.
• Update selling prices in POS as per instruction from the authorized person.
• Continuously study weaknesses in controls implemented at the restaurant and suggestions for improvements.
• Check the daily Food & Beverage revenues report submitted by the income audit for ‎accuracy of covers and average check.‎
• Prepare the daily and monthly cost report department in relation to cost of sales.‎
• Participate in the monthly market survey and involve in a formal negotiation for annual and ‎large contracts involving inventory items.‎
• Check and ensure all menu items’ have a recipe.
• Print and distribute menu sales analysis of the respective department on a monthly ‎basis.‎
• Other F&B Accounting and Auditing functions as needed.
• Other duties may be assigned.

Industry Type : FMCG / Foods / Beverages
Functional Area : Accounts / Taxation / Audit / Company Secretary

Desired Candidate Profile

• Candidate must possess at least a Bachelor’s/University Degree in Food & Beverage Services Management/ Hotel Management with an extensive background in Accountancy or any related education.
• At least 3 – 5 years experience working as a cost controller in UAE.
• At least 3 - 5 years working experience in the beverage, catering or hospitality environment on a controller level.
• Knowledgeable and proven experience in F&B cost management from hotel/ restaurant or hospitality industry is highly regarded.
• Excellent communication skills in English in both verbal and written.
• Knowledge of Arabic is an advantage.
• Ability to analyze P&L statements, apply timeliness and accuracy in recording and reporting.
• Analytical approach with a good eye for detail.
• Advanced computer skills, including spreadsheets.
• Knowledge of inventory management systems and point of sale systems.
• Ability to build rapport with other colleagues, managers, and suppliers and maintain strong relationships
• Much have knowledge of food and beverage products.
• Must have knowledge of recipe development process and recipe costing.
• Proficient in inventory controls and analysis, with the ability to conduct monthly market basket analysis.
• Highly organized, self-managing with the ability to understand the underlying needs of the business to achieve its financial goals and to leverage that understanding to make an impact on the operations and finance teams.


Costing Cost Control Budgeting

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Wraith Investments

We rely on a strong history of business acumen and a keen understanding of the local market to identify and optimise investment opportunities in the UAE. It is important for us to focus our attention on business sectors where we have experience and have been active for many years. We have also made a concerted effort to ensure that these sectors are areas of strong
potential within our growing economy. This is why the bulk of our investments are in F&B and real estate.
We have partnered with a number of dynamic companies which have synergies with our expertise and approach to business. These
include the highly successful Caramel Group which owns and operates the well known and luxurious Caramel Restaurant and Lounges in Dubai, Abu Dhabi, Nairobi and Muscat. We also have interests in F&B outlets owned and managed by Crystal Group including Eden Beach Club on The Palm Jumeirah and 40 Kong on
the rooftop of the iconic H Hotel at No 1, Sheikh Zayed Road. We are constantly on the lookout for innovative new ideas from around the globe and for businesses that are able to offer a unique proposition in this market. Whatever investment opportunities we become involved in, our philosophy remains the same - to identify
projects with unusually high potential and to realise this potential with clear strategy, innovation and hard work.
“We have partnered with a number of dynamic
companies which have synergies with our expertise and approach to business.”
View Contact Details


Name/ Designation:
Manoj -

Address: 602/3, City Tower 1
United Arab Emirates




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