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Cost Manager

Salary : 26500 , Application Deadline 05/Aug/2021

Role Title: Cost Manager

The key responsibilities of the Manager –Cost will be to:

  • Assist the Centralized Financial & Operational Support team within the Commercial department in managing Cost and expenses of the F&B operators . This will include monthly reconciliations and verification of all of the cost of goods sold, labour costs, variable costs, fixed costs and other operating costs.
  • Work with Commercial team to ensure timely and accurate management of cost and at all times and support in processing the cash calls for the operators.
  • Perform vital reconciliations which shall include bank reconciliations, cost and invoice reconciliations, Cost- variance analysis etc.
  • Ensure timely resolution of dispute in cost requirements
  • Oversee the cost management and invoicing processes of Food and Beverage
  • Able to effectively monitor and report the Food & Beverage Cost.
  • Prepare cost variance analysis for food & beverage and communicating with relevant parties.
  • Update and maintain receipts into the systems (FMC).
  • Review and verify voids in the POS systems.
  • Check and verify any discounts, promotions and waivers (including those reflected in the POS system).
  • Review the cost of sales in all F&B outlets and ensure that the costs are within budget.
  • Tally all end of shift reports generated from all POS tills.
  • Continuously study weaknesses in cost controls implemented for the outlet(s) and provide suggestions for improvements.
  • Perform end of week and end of month reconciliation of all statements and reports generated in order to satisfy the correct reporting and MIS

Knowledge, Qualifications & Skills required

  • Bachelor’s degree (Major in Accounting)
  • Minimum of 5-7 years of experience within similar roles
  • Advanced Excel skills
  • Excellent written and verbal communication skills are necessary
  • Good analytics and reporting skills.
  • Experience with Accounting System, POS Systems, and cost and inventory systems.
  • Ability to work independently and to partner with others to promote an environment of teamwork.
  • F&B, Retail, General Concessionaire, and Retailers experience is a strong-plus·
  • Accounting qualification certificate and Knowledge of SAP Financials is a plus point.