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Cost: Responsible for managing and monitoring food and beverage costs, ensuring profitability, and maintaining inventory accuracy. GL: Preparation of monthly balance sheet reconciliations, month end closing journals, conduct audit checks on operations, assist Finance Manager on owner or corporate office reports.
Job Responsibility:
Monitor and safeguard food and beverage costs by controlling the recording of costs and checking the accuracy of menu pricing based on actual product costs
Conduct regular inspections of food storage areas, ensuring items are stored correctly and following a first-in, fist-out (FIFO) system to enable stock rotation
Work closely with Executive Chef, F&B Manager and other departments to ensure food and beverage costs align with budget expectations and pricing strategies
Prepare variance analysis reports for food and beverage costs and communicate findings with relevant parties to identify areas for improvement
Participate in menu planning and pricing, adjusting menu items based on cost analysis to optimize profitability
Ensure that all staff are trained in proper inventory management and cost control procedures, adhering to hotel standards and policies
Perform physical count of beverage stocks at F&B outlets, beverage store and Spa Retail items
Follow up with Operations team on slow moving items and implement action plans to deplete the stock
Update all inventory requisitions through the inventory and purchasing system and perform beverage store issuing
Account for inventory movements with proper documentations
Ensure proper cost management to reduce F&B wastages and ensure no pilferages
Prepare weekly and monthly cost report, provide advice to management of F&B revenue and cost control
To prepare monthly balance sheet reconciliations before defines deadline
Assist in month end closing with journal postings
Conduct audit checks on operation teams to ensure audit controls in place
To assist Finance Manager on owner or corporate office reporting
To perform any adhoc duties assigned by Finance Manager and assisting in other areas of Accounting as required
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