F&B Cost Controller

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