F&B Accountant

Job Description
The F&B Accountant is responsible for managing and overseeing the financial operations related to food and beverage inventory, cost control, sales reconciliation, and reporting. This role ensures accurate recording of all F&B transactions and supports decision-making by providing detailed cost and profitability analyses.

• Monitor and control F&B inventory transactions and ensure accurate cost allocations.
• Perform daily, weekly, and monthly sales reconciliation between POS systems and accounting records.
• Verify and analyze purchases, consumption, and wastage reports to ensure proper cost control.
• Collaborate with the purchasing and stores departments to ensure compliance with procurement procedures.
• Prepare cost of goods sold (COGS) reports and profitability analysis per outlet or item.
• Review supplier invoices, match with purchase orders, and coordinate timely payments.
• Conduct periodic stock audits and support physical inventory counts.
• Assist in budgeting and forecasting processes specific to the F&B department.
• Maintain up-to-date records of food and beverage pricing, menu costings, and recipe margins.
• Identify variances between actual and theoretical costs and investigate discrepancies.
• Support internal and external audits with relevant documentation and analysis.
• Ensure compliance with internal controls and financial policies.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum 2-3 years of accounting experience, preferably in the hospitality or F&B sector.
• Strong knowledge of inventory and cost control systems.
• Proficiency in accounting software (e.g., Oracle, SAP, QuickBooks) and MS Excel.
• Familiarity with POS systems (e.g., Micros, Toast, etc.).
• Excellent analytical and problem-solving skills.
• High attention to detail and accuracy.
• Ability to work independently and under pressure in a fast-paced environment.