Location
Jaipur | India
Job description
The Indian Hotels Company Limited is looking for F&B Cost Controller to join our dynamic team and embark on a rewarding career journey
- The Food and Beverage (F&B) Cost Controller is responsible for managing and controlling all aspects of the food and beverage costs
- This includes implementing effective cost control measures, analyzing financial data, monitoring inventory levels, and working closely with the culinary and service teams to optimize profitability while maintaining high-quality standards
- The F&B Cost Controller plays a crucial role in ensuring the profitability and financial sustainability of the F&B department
Key Responsibilities:
- Cost Analysis and Reporting:Analyze costs related to food and beverage items and identify cost-saving opportunities
- Prepare regular cost reports, highlighting variances and trends, and present findings to management
- Monitor and analyze menu engineering to optimize profitability and sales
- Inventory Management:Implement and maintain an efficient inventory tracking system for all F&B items
- Conduct regular physical inventories and reconcile with the records
- Ensure accurate and timely recording of all inventory transactions
- Vendor Management:Negotiate with suppliers to secure competitive prices for high-quality products
- Evaluate vendor performance and negotiate contracts to ensure favorable terms
- Monitor deliveries, quality of products, and adherence to contracts
- Menu Engineering:Collaborate with the culinary team to analyze menu profitability and suggest pricing adjustments
- Assess the cost and profitability of new menu items before their introduction
- Waste Control:Implement strategies to minimize food and beverage wastage
- Train staff on portion control and waste reduction techniques
- Compliance and Standards:Ensure compliance with health and safety regulations in food and beverage handling
- Maintain updated knowledge of industry standards and trends related to F&B cost control
- Forecasting and Budgeting:Assist in the preparation of annual budgets for the F&B department
- Provide input and data for financial forecasts and projections
- Team Collaboration:Collaborate closely with chefs, bartenders, and service staff to optimize workflows and minimize wastage
- Conduct training sessions to educate staff about cost control measures and best practices
- Audit and Internal Controls:Establish and maintain internal controls to prevent fraud and ensure accuracy in financial reporting
- Coordinate with internal and external auditors during audits
- Qualifications and Skills:Bachelors degree in Hospitality Management, Accounting, Finance, or a related field
- Proven experience in F&B cost control, preferably in the hospitality industry
- Strong analytical skills and attention to detail
- Excellent negotiation and vendor management skills
- Proficiency in using inventory management software and Microsoft Excel
- Knowledge of accounting principles and financial analysis techniques
- Effective communication and interpersonal skills
- Ability to work well under pressure and meet deadlines
- Knowledge of food and beverage trends and market prices
Job tags
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