Job details
Cost Controller And Cost Accountant
LOOTAH GROUP · UAE
- Published on Jobs Match
Job description
Job Vacancy: Cost Controller & Cost Accountant – F&B
We are looking for an experienced Cost Controller & Cost Accountant to join our Food & Beverage operations, supporting our multi-outlet restaurant brands.
The ideal candidate will have strong expertise in operational cost control, recipe costing, inventory management, financial reconciliation, and profitability analysis within the restaurant or QSR industry.
Qualifications & Experience
• Bachelor's degree in Accounting, Finance, Cost Accounting, or a related field.
• Minimum 3–5 years of relevant experience in F&B cost control and/or cost accounting, preferably in restaurants, QSR, or multi-outlet operations.
• Strong knowledge of recipe costing, food cost analysis, menu pricing, inventory valuation, and cost of goods sold (COGS).
• Hands-on experience with inventory management and POS systems; Foodics experience is highly preferred.
• Knowledge of supplier invoice reconciliation, stock reconciliation, and month-end closing.
• Advanced Microsoft Excel skills and experience with accounting software or ERP systems.
• Strong analytical, numerical, problem-solving, and reporting skills.
• Ability to coordinate effectively with Finance, Operations, Chefs, Procurement, and outlet supervisors.
Key Responsibilities
Cost Control & Recipe Management
• Develop, maintain, and review standardized recipes, ingredient quantities, yields, and portion sizes.
• Calculate recipe costs, food cost percentages, and gross profit margins for all menu items.
• Monitor approved menu pricing, ingredient costs, and recipe updates in Foodics.
• Analyze theoretical versus actual food costs and investigate variances.
• Monitor wastage, stock consumption, transfers, and potential operational losses.
• Review supplier price changes and recommend cost-saving opportunities.
Accounting & Financial Reconciliation
• Reconcile purchases, supplier invoices, inventory movements, and cost of goods sold.
• Monitor inventory valuation and reconcile physical stock, system records, and accounting balances.
• Prepare cost analysis, variance reports, and gross profit reports.
• Support monthly closing, budgeting, forecasting, and financial audits.
• Investigate cost discrepancies and ensure accurate financial records and supporting documentation.
Reporting & Coordination
• Prepare weekly and monthly cost-control and financial reports.
• Monitor cost performance across outlets and highlight areas requiring corrective action.
• Coordinate with Finance, Operations, Procurement, and kitchen teams to improve cost efficiency and profitability.
• Ensure accurate cost data, proper documentation, and compliance with approved procedures.
Preferred Candidate
A hands-on professional with a strong F&B background who can manage both operational cost control and accounting responsibilities, ensuring accurate recipe costing, Foodics data, inventory records, and financial reporting across multiple outlets.
Work Location: In person