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Open nowFirst seen 5 days ago

Senior Cost Controller

MINDFREE Consulting | Insurance Talent Hub143 open roles

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Your applicationOpen nowSenior Cost ControllerMINDFREE Consulting | Insurance Talent Hub

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Share of postings closed within
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  4. 19.3%14 days
  5. 35.6%30 days
  6. 58.1%60 days
This job: first seen 5 days ago

The posting

Our client is a fast-growing casual steakhouse brand focused on delivering exceptional dining experiences across the globe. Is seeking to hire a Senior Cost Controller.

Position Summary

The Senior Cost Controller is responsible for leading and institutionalizing the cost control function across assigned entities and locations. This role ensures gross margin protection, inventory integrity, purchasing discipline, and financial accuracy across all operating units. The Senior Cost Controller supervises Junior Cost Controllers, standardizes processes across markets, and acts as the escalation point for material cost and inventory discrepancies. The role plays a critical part in supporting operational performance, expansion into new markets, and maintaining financial governance as the company scales.

Key Performance Areas (KPAs) 1. Cost Governance & Margin Protection 2. Team Leadership & Development 3. Inventory & Procurement Oversight 4. Budgeting & Forecast Support 5. Internal Controls & Compliance 6. Reporting & Performance Transparency 7. New Location Onboarding & Expansion Support 8. Process Standardization & Continuous Improvement

Duties & Responsibilities

1. Cost Governance & Margin Protection Own gross margin accuracy across assigned entities. Monitor food and beverage cost percentages and investigate material variances. Perform variance analysis between theoretical and actual costs. Approve inventory adjustments and ensure proper documentation. Act as first escalation point for cost discrepancies before Finance Manager involvement. Develop and implement cost-saving initiatives without compromising brand standards or quality.

2. Team Leadership & Development Directly manage and supervise Junior Cost Controllers across entities. Review and validate all cost reports prior to submission to Finance leadership. Ensure consistent application of cost methodology across markets. Conduct regular performance reviews and provide structured coaching. Train team members on systems, inventory procedures, and reporting standards. Build team capability to support expansion into new markets.

3. Inventory & Procurement Oversight Ensure accurate inventory tracking systems are maintained across all locations. Oversee periodic stock counts and ensure alignment with accounting records. Monitor stock movement, wastage levels, and shrinkage. Review purchase orders to ensure alignment with budget and approved suppliers. Maintain strong coordination with Operations and Supply Chain teams.

4. Budgeting & Forecast Support Support preparation of cost budgets and forecasts by entity. Provide financial insight on cost implications of operational decisions. Assist in forecasting COGS and inventory requirements for upcoming projects. Ensure cost assumptions are aligned with operational realities.

5. Internal Controls & Compliance Ensure adherence to company purchasing and inventory control policies. Implement and monitor internal controls to safeguard inventory and assets. Ensure compliance with financial governance standards across all markets. Support audit readiness related to inventory and cost processes.

6. Reporting & Performance Transparency

Prepare weekly and monthly cost reports with clear variance analysis.

Deliver structured reporting on gross margin trends and risk areas. Ensure timely submission of cost reports in line with the finance calendar. Maintain accurate documentation of supplier contracts, inventory records, and approvals. Highlight risks early and propose corrective actions.

7. New Location Onboarding & Expansion Support Lead cost control setup for all new store openings. Establish Bill of Materials (BOM), menu costing, and system configuration prior to launch. Validate supplier pricing and ensure cost structure accuracy before store opening. Conduct opening inventory setup and verification. Train new location teams on inventory processes and reporting standards.

Ensure smooth financial integration of new locations into group reporting.

Monitor post-opening cost stabilization during the first operational months.

8. Process Standardization & Continuous Improvement Standardize cost control processes across all operating companies. Identify gaps in cost governance and implement corrective measures. Leverage technology and automation to enhance cost-tracking workflows. Continuously improve reporting clarity and operational alignment. Key Performance Indicators (KPIs) Financial KPIs Gross margin variance maintained within approved threshold (±2–3%). Inventory shrinkage maintained below defined tolerance levels. Budget variance within 3–5% of approved targets. Operational KPIs 100% on-time monthly cost reporting. Zero unexplained material inventory adjustments. Successful cost setup for all new store openings. Leadership KPIs Junior Cost Controller reporting accuracy 98%. Reduction in recurring cost errors. Successful onboarding of cost function in new markets. Qualifications & Experience Bachelor's degree in Finance, Accounting, Supply Chain, or related field. 5+ years of experience in cost control, preferably within F&B or hospitality. Prior experience supervising or mentoring team members. Experience in multi-location or multi-entity environments preferred. Competencies & Skills

Strong Financial & Analytical Thinking Leadership & Coaching Ability High Attention to Detail Operational Understanding of F&B Cost Structures Problem-Solving & Decision-Making Strong Communication & Stakeholder Management Process-Oriented & Structured Technical Skills Proficiency in ERP, inventory management, and accounting systems. Advanced Microsoft Excel (pivot tables, variance modeling, data analysis). Understanding of cost control methodologies and procurement best practices. Experience with multi-entity financial environments preferred.

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