Cost Accountant

Job Title:

Job Summary:

The Cost Accountant is responsible for managing product-level costing, monitoring inventory movement, controlling outlet-level consumption, and analyzing variances between ideal / standard (recipe-based) cost and actual costs. The role requires deep knowledge in recipe cost calculations, inventory controls, and cross-functional collaboration with operations, procurement, and supply chain to ensure profitability and waste minimization across all dr.CAFE outlets.

Key Responsibilities:

1. Recipe Costing & Ideal Cost Monitoring

·        Develop and maintain detailed recipe costing for all menu items (beverages, food, and merchandise).

·        Calculate and update standard cost per product using the bill of materials (BOM).

·        Maintain recipe cost sheets in coordination with R&D, operations, and procurement. Monitor Ideal Cost % based on theoretical recipe consumption linked to sales.

2. Actual vs Ideal Cost Analysis

·        Analyze ideal cost vs actual consumption to identify wastage, over-portioning, or theft.

·        Develop automated variance reports by outlet, product, and region.

·        Recommend corrective actions and cost-saving measures.

3. Inventory Control & Stock Management

·        Monitor stock movement, transfers, usage, and returns.

·        Reconcile physical and system inventory; perform periodic audits.

·        Support accurate valuation and reporting in coordination with warehouse and procurement.

4. Cost Reporting & Margin Analysis

·        Generate regular reports on gross margins, category-wise COGS, and cost trends.

·        Provide pricing and product profitability recommendations.

5. Budgeting & Forecasting Support

·        Assist in COGS budgeting and forecasting aligned with menu and seasonal factors.

·        Provide cost simulations for new product introductions and promotions.

6. Operational Control & Training

·        Train outlet teams on portion control, recipe adherence, and inventory handling.

·        Develop and implement SOPs for stock and cost control.

Qualifications:

Education:

Experience:

Technical Skills:

o  Advanced Excel (Power Query, Pivot Tables)

o  Familiarity with ERP System like (Microsoft Dynamics AX/365, SAP, Oracle) , POS System

o  Experience with recipe and costing modules

Key Competencies:

KPIs / Performance Metrics:

• COGS report on time:

  Preparation of COGS report on time as to the standard reporting time.

• 0% Variance between Ideal vs Actual Cost:

  Deviation between recipe cost and actual outlet consumption.

• Recipe Adherence Score:

  Percentage of items sold within defined recipe standard.

• 100% Inventory Accuracy

  COGS as % of Sales (As to the company standard)

  :

  Match between system and physical inventory. Overall cost ratio across categories

• Wastage %:

  Value of reported wastage vs total inventory consumed

• Margin Improvement (% as to the company standard):

  Gross margin change through cost optimization