F&B Inventory & Cost Control Manager
Naif Alrajhi Investment - نايف الراجحي الاستثمارية
Total years of experience :17 years, 9 Months
• Develop and maintain a system of financial internal controls.
• Manage closing of books and preparation of Cost Control Reports as company standards.
• Analyze and interpret financial reports, identify trends and make recommendations where necessary.
• Review and evaluate the efficiency of Food & Beverage Kitchens by developing a system of standard costing for menu items.
• Audit kitchen stores & stocks consumption for misuse or deviations from standard costs.
• Organize inventories in coordination with relevant departments
• Develop and maintain manual and computer filing system and ensure that the files are properly named, cataloged and access is available for authorized persons only.
• Develop and conduct training programs for new systems, application, and business processes for existing outlets and new opening prior to new opening date, as well as critical technical challenges across local inventory.
• Motivate and evaluate local team to ensure that the staff are optimally motivated and enable to maximize their potentials and contribute to the company.
• Run Regular quality control on group’s data and supply management and commercial teams with regular analytical reports and suggestions for action.
• Design and implement several business modules related to new brands/regions in close collaboration with concerned parties. (Operation Director/ Manager, Supplier and Regional IT).
• Follow up Closely with the Operation manager for ensuring the proper implementation of policies and procedures aimed to control losses and decrees shrinkage percentage.
• Reconciling physical inventories with book stock, adjustments and finalization.
• Use of professional excel and database applications to streamline the inventory reports workout.
• Providing all the needed support to shop staff on all inventory related issues.
Taha Trading Limited Kingdom of Saudi Arabia, (Praline Patisserie & Cafe)
August 2016- Present
Taha Trading Group occupies the French brand name Praline Patisserie & Cafe.
Responsibilities includes,
• To control the Food & Beverage Cost.
• Engineer the menu in terms of costing.
• Prepare variance analysis for food & beverage and communicating / discussing with relevant parties.
• Update and maintain receipts into the systems (MyInventory).
• Coordinate with restaurant management and finance to sort out issues pertaining to F&B. Update selling prices in POS as per the instruction from authorized persons.
• Compiles information on receipt or disbursement of material, equipment, merchandise, or supplies, and computes inventory balance, price, and cost
• Prepares reports, such as inventory balance, price lists, and shortages.
• Coordinate with the ales and inventory system, and prepare a daily and monthly reports
• Manage recipes and present food and beverages costing
• Create Menu items and menu details on POS
• Prepare & Monitor the (Cost of Goods Sold) COGs and consumptions closely and generate accurate reports on inventory, sales and stock movement in a Timely manner (where applicable)
• Prepare variance analysis for food & beverage and communicating / discussing with relevant parties.
• Communicate with different departments/ parties to coordinate issues related to sale shipment, invoices and other.
• Train restaurant and warehouse team members on all inventory related processes.
• Visit shops to conduct spot checking, expiry date checking, run audit on recipes and physical takes.
Inventory Control Specialist in Azadea Holding Group Kuwait.
Company Industry: AZADEA Group is a retail holding company based in Beirut, Lebanon. AZADEA Group operates a portfolio of more than 50+ international franchise concepts across clothing, accessories, food, multimedia, home furnishings and recently sports goods in the Middle East, North Africa, Asia and Europe. With 10, 000+ employees Azadea operates & manages 500+ stores.
My duties and responsibilities includes,
• Process the change/update done on recipes and/or prices and accordingly export related data to the Point of Sale (POS) of all concerned shops
• Maintain the inventory related FMC and MICRO system by handling article/unit creation, recipe costing and menu items POS updates
• Communicate with different departments/ parties to coordinate issues related to sale shipment, invoices and other
• Monitor the COGs and consumption closely and generate accurate reports on inventory, sales and stock movement in a timely manner (where applicable)
• Train restaurant and warehouse team members on all inventory related processes
• Visit shops to conduct spot checking, expiry date checking, run audit on recipes and physical takes
• Prepare variance analysis for food & beverage and communicating / discussing with relevant parties.
• Coordinate with restaurant management and finance to sort out issues pertaining to F&B. Update selling prices in POS as per the instruction from authorized persons.
• Prepare the daily and monthly cost report department in relation to cost of sales.
Kuwait Public Telecom formerly Petro
Net/Robincorp (Petroleum Product) Kuwait
March 2011 - October 2012.
Company Industry: Service Industry/Mobile Value added Services engaged with Zain, Wataniya and Viva Telecom Kuwait.
• Record and reconcile financial information on a daily, weekly & monthly basis.
• Prepare and records necessary monthly accruals.
• Perform and assist with month-end close procedures
• Prepare necessary funding request to 3rd party owners.
• Prepare management fee calculation and billings.
• Prepares and directs the preparation of audits, financial statements and varied fiscal reports.
• Responsible for closing books at year end upon completion of annual audit.
• Document and record financial transactions in the company data base.
• Verify funds of all accounts
• Prepare weekly reporting of collection statistics and metrics.
• Auditing maintenance invoices
• Performs internal audits of accounts payable, payroll distribution, fixed assets, and cash. May make correcting journal entries in assigned areas.
Accountant in Al Mulla International Exchange Kuwait.
Company Industry: Service Industry/Money Exchange Business.
Worked in Al Mulla International Exchange Company K.S.C.C and my duties and responsibilities includes.
• Assists in the employee evaluation process, counsels employees and effectively recommends initial discipline and other personnel decisions.
• Provides input into goal setting process for the section.
• Prepares and directs the preparation of audits, financial statements and varied fiscal reports.
• Preparation of daily sales report and other company MIS.
• Plans, organizes, assigns, reviews, and evaluates the work of assigned professional and technical support staff.
• Recommends selection of staff; trains staff in work procedures, recommends discipline as required.
• Reviews and recommends modifications to accounting systems and procedures.
• Provides technical support to outside auditors and governmental program auditors.
• Posts data to various ledgers, registers, journals and logs following established accounting techniques and procedures.
• Responsible for closing books at year-end upon completion of annual audit.
• Performs related duties and responsibilities as required.
• Maintains the various ledger accounts including reconciliation of the Banks, revenue accounts, expenditures, and cash balances.
• Monitors the financial activity on assigned programs and prepares expenditure reports for program managers as needed.
On March 15th 2010, I am promoted as a Internal Auditor for the company.
• Review internal controls over specialized processing cycles.
• Evaluate accounting systems to determine their efficiency and effectiveness.
• Serve as a liaison with key business areas to ensure changes in business processes are updated in the documentation database.
• Identify audit issues and develop recommendations.
• Conduct investigations of suspected improprieties in a confidential and professional manner.
• Develop recommendations for areas of improvement; write reports documenting findings and follow up on recommendations to ensure suggestions are implemented.
• Complete audit reports for dissemination to management and ensure proper follow up of outstanding items and recommendations.
MBA finance