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Open nowPosted 16 days ago

Cost Controller

MyCareersFuture94,028 open roles

Pay
SGD 4,000 – SGD 4,500 a month
Where
Central, Singapore
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Your applicationOpen nowCost ControllerMyCareersFuture · Central, Singapore

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The clock on this job

Early applications get read.

7.7% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
  1. 1.6%1 day
  2. 3.3%3 days
  3. 7.7%7 days
  4. 14.0%14 days
  5. 33.7%30 days
This job: posted 16 days ago

The posting

Job Description:

Cost Control & Analysis

  • Perform accurate menu and recipe costing for new and existing food and beverage items, including evaluation of standard recipes, yields, portion sizes and ingredient costs.
  • Work closely with the F&B and Kitchen teams on menu costing, pricing, menu testing and planning to optimise profitability.
  • Monitor and analyse food and beverage costs incurred against budget and theoretical costs, identify significant variances and recommend appropriate corrective actions.
  • Review food and beverage sales and production reports regularly to identify irregularities, pricing discrepancies and potential revenue leakage.
  • Prepare weekly and monthly F&B cost reports, providing clear analysis and insights to the F&B and Finance management on cost performance and profitability.

Inventory Management

  • Establish and monitor appropriate par stock levels for F&B outlets and beverage stores to support efficient operations while minimising excess inventory.
  • Conduct regular physical inventory counts of food and beverage stocks and investigate significant discrepancies between physical and system records.
  • Ensure all inventory movements, including inter-kitchen/inter-outlet transfers, staff meals, complimentary items, wastage and breakages, are properly recorded and supported by documentation.
  • Ensure month-end food and beverage inventories are accurately recorded, reconciled and agreed to the General Ledger.
  • Monitor inventory levels, slow-moving and excess stock, and highlight potential risks to management.

Purchasing, Receiving & Stores

  • Work closely with Purchasing, Receiving and Stores to ensure established inventory control policies and procedures are consistently followed.
  • Review market lists, purchase orders, receiving records, invoices and costing information to ensure accuracy, completeness and effective cost control.
  • Monitor purchasing and receiving activities and identify significant price or quantity variances for further investigation.
  • Oversee the Receiving and Stores functions from a cost control perspective, ensuring proper documentation, inventory records and control procedures are maintained.

Wastage & Loss Prevention

  • Monitor food and beverage wastage, spoilage, breakages and other inventory losses, identifying trends and opportunities for improvement.
  • Investigate unusual inventory variances and potential leakage or pilferage and recommend appropriate corrective actions.
  • Work with F&B and Kitchen teams to improve portion control, recipe compliance and wastage management.

F&B Revenue & Reconciliation

  • Perform daily and monthly F&B reconciliations using POS-generated sales and operational reports, ensuring all discrepancies are investigated and satisfactorily explained.
  • Review F&B sales against production and consumption reports to ensure that food and beverage items leaving the kitchen or bar are properly recorded and charged.
  • Ensure selling prices in the POS system are aligned with approved menu prices and that any discrepancies are promptly identified and rectified.

Continuous Improvement & Projects

  • Identify opportunities to improve F&B cost control processes, systems and procedures, with a focus on efficiency, accuracy and profitability.
  • Support Finance and F&B initiatives, including procurement or system implementation and conversion projects.
  • Perform other duties and projects as assigned by the Finance Manager / Director of Finance.

Job Requirements:

  • Minimum of 2 years of working experience, preferably in Finance. Prior experience in 5 star luxury environments will be an added advantage.
  • Projects professional image at all times through personal presentation / interpersonal skills.
  • Initiates contact and establishes rapport easily.
  • Appreciates and maintains an effective outlet for stress.
  • Has the ability and willingness to undertake further development.
  • Exceptional people and communication skills.
  • The highest level of attention to detail.
  • Exceptional organisational and time management skills.
  • Microsoft Office expertise to Intermediate or Advanced level.
  • Creativity and imagination.
  • Experience in preparing, writing and proofing advertising copy.
  • An affinity with technology in relation to Press Release distribution.
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