Accounts Executive (F&B Cost Controller)
Full-time
Manager
Kuala Lumpur, Federal Territory of...
2 weeks ago
The Accounts Executive (F&B Cost Controller) is responsible for monitoring and controlling food and beverage costs, ensuring accurate inventory management, conducting cost analysis, and maintaining proper financial record...
The Accounts Executive (F&B Cost Controller) is responsible for monitoring and controlling food and beverage costs, ensuring accurate inventory management, conducting cost analysis, and maintaining proper financial records. The role supports profitability by identifying cost-saving opportunities, ensuring compliance with company policies, and providing timely financial reports related to F&B operations.
Key Responsibilities
Cost Control & Analysis
- Monitor and control food and beverage costs to ensure alignment with budget and company targets.
- Conduct daily, weekly, and monthly cost analysis for all F&B outlets.
- Prepare food cost, beverage cost, and menu profitability reports.
- Analyze variances between actual and theoretical costs and investigate discrepancies.
- Recommend cost-saving initiatives and process improvements to management.
Inventory Management
- Conduct regular stock counts and inventory audits for food, beverage, and operating supplies.
- Reconcile physical inventory with system records and investigate variances.
- Monitor inventory turnover and stock movement.
- Ensure proper stock control procedures are followed by all F&B outlets and stores.
- Verify inventory adjustments, transfers, spoilage, breakage, and write-offs.
Purchasing & Receiving Control
- Review purchase orders, receiving records, and supplier invoices for accuracy.
- Ensure purchases comply with approved specifications and company policies.
- Verify prices against approved supplier quotations and contracts.
- Monitor market price fluctuations and report significant changes.
Financial Reporting
- Prepare monthly F&B cost reports and management summaries.
- Assist in month-end closing activities related to F&B operations.
- Generate reports on food cost percentage, beverage cost percentage, and consumption trends.
- Support budgeting and forecasting exercises for F&B departments.
- Maintain accurate documentation and filing of cost control records.
Operational Support
- Work closely with the Executive Chef, F&B Manager, Purchasing, Receiving, and Store departments.
- Review recipes, portion controls, and menu costing.
- Ensure standard recipes and pricing structures are updated and maintained.
- Participate in menu engineering and profitability analysis.
Compliance & Audit
- Ensure compliance with internal controls, financial policies, and hotel procedures.
- Support internal and external audit requirements.
- Maintain confidentiality of financial information and records.
- Ensure all documentation is complete and audit-ready.
Requirements
- Diploma or Bachelor's Degree in Accounting, Finance, Hospitality Management, or a related field.
- Minimum 2–4 years of experience in Cost Control, Finance, Accounting, or F&B Cost Management, preferably in the hospitality industry.
- Strong understanding of food and beverage operations and inventory management.
- Proficiency in Microsoft Excel and accounting/POS systems.
- Strong analytical, numerical, and problem-solving skills.
- Excellent attention to detail and accuracy.
- Good communication and interpersonal skills.
Key Performance Indicators (KPIs)
- Food Cost Percentage Achievement
- Beverage Cost Percentage Achievement
- Inventory Variance Accuracy
- Timeliness of Monthly Cost Reports
- Reduction in Cost Leakage and Wastage
- Stock Count Accuracy
- Compliance with Internal Controls and Audit Requirements
- Budget Adherence and Cost Savings Initiatives
- Insurance Plan
- Annual Leave
- Medical Leave
- Long Service Award
- Birthday Leave
Crowne Plaza Kuala Lumpur City Centre is the perfect place to stay for business travelers and leisure seekers alike. Located in the heart of the city, our hotel is within walking distance of all the major attractions, including the Petronas Twin Towers, KLCC Park, and the Bukit Bintang shopping district.
