F&B Cost Controls Executive

Job Description

We're looking for a detail-oriented and analytical F&B Cost Controls Executive to join our organization in Bengaluru, India. In this role, you will be responsible for managing and optimizing food and beverage costs across our operations. You will analyze financial data, implement cost control strategies, and ensure efficient resource utilization while maintaining operational excellence. The ideal candidate will combine strong financial acumen with a deep understanding of F&B operations to drive profitability and operational efficiency.

• Analyze and monitor F&B costs, variances, and spending patterns to identify cost reduction opportunities and implement corrective actions
• Develop and maintain accurate budgets and forecasts for food and beverage departments, ensuring alignment with organizational financial goals
• Conduct regular audits of inventory, procurement, and consumption records to ensure accuracy and compliance with established protocols
• Collaborate with kitchen, service, and procurement teams to optimize purchasing strategies, negotiate vendor contracts, and reduce waste
• Prepare detailed cost control reports and financial statements, presenting findings and recommendations to senior management
• Implement and maintain cost control systems, processes, and documentation to ensure consistency and accountability across all F&B operations
• Monitor and analyze food cost percentages, labor costs, and other key performance indicators to drive continuous improvement
• Ensure compliance with food safety standards, portion control guidelines, and operational procedures
• Identify process inefficiencies and recommend solutions to enhance operational efficiency and profitability
• Train and support F&B staff on cost control procedures, inventory management, and financial best practices

Qualifications

• Proven experience in F&B cost accounting, financial analysis, or cost control within the hospitality or food service industry
• Strong proficiency with accounting software, ERP systems, and POS platforms
• Advanced analytical and data interpretation skills with the ability to identify trends and patterns in financial data
• Comprehensive knowledge of F&B operations, supply chain management, and inventory control systems
• Demonstrated expertise in budget management, forecasting, and variance analysis
• Excellent attention to detail with strong organizational and time management skills
• Proficiency in Microsoft Excel and other data analysis tools
• Knowledge of food safety standards, compliance requirements, and operational best practices
• Experience with process improvement methodologies and cost optimization strategies
• Strong communication and interpersonal skills with the ability to collaborate across departments
• Vendor management and negotiation experience
• Ability to work independently and manage multiple priorities in a fast-paced environment

Additional Information

• Experience with process improvement methodologies and cost optimization strategies
• Strong communication and interpersonal skills with the ability to collaborate across departments
• Vendor management and negotiation experience
• Ability to work independently and manage multiple priorities in a fast-paced environment