This role is responsible for implementing and maintaining effective cost control measures across our newly launched coffee shop and upcoming luxury restaurant. You will play a key role in optimizing food and beverage costs, minimizing operational expenses, and ensuring profitability across all locations. Through meticulous analysis, cost-saving initiatives, and collaboration with department heads, you will contribute to the financial success of our company.
**Key Responsibilities**:
- Analyze food and beverage costs, labor costs, and other operational expenses by locations.
- Prepare detailed cost reports and variance analyses, highlighting areas of savings and potential improvements.
- Present cost analysis findings to management and collaborate on action plans to address cost deviations.
- Develop and implement efficient inventory control procedures to minimize waste and spoilage.
- Analyze and optimize purchase orders to ensure cost-effective procurement of materials and supplies.
- Monitor inventory levels and implement timely reordering to avoid stockouts and surplus losses.
- Analyze menu item profitability and recommend pricing adjustments to optimize margins.
- Assist with new menu development by calculating and ensuring item profitability.
- Approve any Recipe changes or new product recipe approval
- Monitor market trends and competitor pricing to ensure competitive pricing strategies.
- Identify and implement cost-saving opportunities across all departments and operations.
- Negotiate better deals with suppliers and vendors to reduce procurement costs.
- Analyze energy consumption and recommend initiatives to reduce utility costs.
- Monitor food waste and implement measures to minimize kitchen waste.
- Work closely with department heads (Operations, Kitchen, Purchasing, etc.) to improve cost awareness and implement cost-saving measures.
- Provide training and guidance to staff on cost control practices and procedures.
- Communicate cost performance metrics and key findings to relevant stakeholders.
- Maintain accurate and up-to-date cost data using the company's financial systems.
- Utilize data analysis tools to identify trends, patterns, and potential areas for improvement.
- Generate reports and presentations to effectively communicate cost analysis findings.
**Requirements**:
- Bachelor's degree in Finance, Business Administration, or a related field (strongly preferred).
- Minimum 3 years of experience in cost control, financial analysis, or inventory management.
- Proven track record of successfully implementing cost-saving initiatives in a food and beverage or hospitality setting.
- Strong analytical and problem-solving skills, with the ability to identify and analyze cost challenges.
- Excellent communication and interpersonal skills, with the ability to effectively collaborate with various teams.
- Proficient in spreadsheet software (Excel, Google Sheets) and data analysis tools. Knowledge of food and beverage operations and costing principles is a plus.
- Additional Information: This is a full-time position located in Central Jakarta, Jakarta, Indonesia.