Cost Controller
The Sultan Center (TSC)
Total years of experience :19 years, 2 Months
-To control the Food, Beverages and consumable 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 (FMC).
-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.
-Continuously study weaknesses in controls implemented at the restaurant and suggest for improvements.
-Check the daily Food & Beverage revenues report submitted by the income audit for accuracy of covers and average check.
-Prepare the daily and monthly cost report department in relation to cost of sales.
-Participate in monthly market survey and involve in formal negotiation for annual and large contracts involving inventory items.
-Check and ensure all menu items’ have a recipe
-Print and distribute menu sales analysis of the respective department on a monthly basis.
-Participate for stock take at the restaurants.
-Arrange surprise spot checks at the outlets.
-Maintain a daily record of inventory purchased for every chart of account and ensure it is balance with account payable.
-Spot check on the receiving department to ensure that the scales are correct and goods are checked for quality.
-Check and ensure that no material is issued out from the store without requisition or approval from the respective department head.
-Prepare daily staff meal cost report.
-Organize and do stock take and monthly closing procedures and to prepare all journals. Prepare cost board and the related journal vouchers.
-Check invoices against receiving record and compare them with purchase order and purchase request, and to ensure that all invoices are stamped and signed by the authorized person.
-Record the total daily purchase by chart of accounts and accumulate for month end balancing with account payable.
-Check and ensure that all inventories purchased are in balance with account payable on a bi-monthly basis.
-Ensure that purchasing obtain up - to - date and accurate prices by comparing prices against suppliers quotations.
-Check and review filled requisitions and ensure that goods are not issued more than requested.
-Conduct spot check to ensure that the goods received are as per specifications and the deliveries of goods by suppliers are consistent with the receiving schedule and the storerooms are not overstock especially during month - end.
-Audit monthly stock and prepare reconciliation on all stockrooms.
-Post actual stock results in the system and print inventory valuation report.
-Reconcile all inventory accounts based on actual purchases and actual inventory stock take and allocate the expenses to the respective department based on their requisitions.
-Organize the bi-yearly stock -take on all operating equipment of the restaurant and prepare detail loss and breakage quantities and amount.
F&B Systems
-Updating the material control system (FMC) with goods received notes (GRNs), stock transfers etc. and updating sales from POS-Micros system at the restaurants.
-Maintain FMC and POS systems.
-Coordinate with group IT division and/or service provider for FMC&POS to sort out any issues.
-For Kuwait, Oman, Jordan and Lebanon responsible for developing statistical reports reflecting sales trends within a product category.
-Responsible for forecasting. Utilizes statistical forecasting techniques and software tools to analyze sales history, promotional data and on hand inventory levels based on sku levels.
-Deciding produce procurement through host brand range reviews or direct negotiation on cutting down items, including in season buys
-Working with Merchandise Planners and Inventory Replenishment Analysts to plan for supply constraints and closes the gap between demand based forecasts and category goals.
-Costing, where the Invoice and the System’s price should match as agreed by both parties and any discrepancy here should be resolved at the earliest.
-Creating reports in Excel at an advanced level, such as Weekly stock level and Inventory reports for all countries and analyzing the variance in sales value and Inventory levels.
-Following up with international suppliers to confirm the on time shipment of the order.
-Recommend retail pricing levels, decide sale lines and mark down percentage strategy.
-Also responsible for Private Label items ordering to maintaining accurate stock.
-Prepare correspondence, reports, and materials for publications and presentations.
-Maintaining Records of Manpower, Payroll and corresponding.
-Setup accommodation and entertainment arrangements for company visitors.
-Preparing Performance Appraisals for Labor and Staff.
-Prepare and maintain President's expense report.
-Coordinate project-based work.
-Supervise support staff.
-Other duties as assigned.
Applying the relevant investment processes so that the return for Company is optimized.
Developing and following-up i.e. includes profit margins, return on equity, environmental risk constrains, regulatory risks evaluation, etc.
Assisting Senior Staff in completing various financial performance reports of the acquired investments, their operating and competitive environment and presenting it to the Executive Investment Committee (EIC).
Assists in preparing exit strategies based on market conditions.
Prepares Investment and Information Memorandums (IIM) and recommendations in order to submit to potential participants willing to invest alongside Company in transactions during road shows or during private placement phases.
Maintaining Financial reports
such as balance sheets or profit/loss statements and report to administrators.
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions.
Distributes expenditures, encumbrances, receipts, and receivables according to schedules.
GPA 3.27 Honoured as best student of the class Did Intership in The Bank of Punjab Pakistan for 8 weeks
Passed the Bachelor of Commerce in the First Division Was Selected as head Procter and student advisor in the college