Cost Controller

Ahc Hospitality • Grand Rapids, MI

414d

About The Position

The AHC Cost Controller is responsible for managing and monitoring food and beverage expenses within AHC managed Foxtail Coffee stores. The role focuses on ensuring optimal profitability by analyzing inventory levels, identifying cost variances, implementing cost-saving measures, and reporting financial performance to management. The position requires collaboration with the AHC Accounting Department and the Michigan Coffee Crew ownership to analyze sales data and monitor labor costs, with an emphasis on minimizing food cost percentages while maintaining quality standards.

Requirements

• Strong analytical skills with proficiency in data analysis and interpretation.
• Detail-oriented with excellent organizational abilities.
• Understanding of basic accounting principles and financial reporting.
• Knowledge of restaurant operations and food cost control practices.
• Excellent communication skills to collaborate with all levels of staff, including management.
• Proficiency in Excel Spreadsheets, POS systems, and inventory management software.
• Bachelor's degree or equivalent in Accounting, Finance, or Business Management.
• Prior experience in Costing, Accounting, and financial analysis role preferred.

Responsibilities

• Create a standardized inventory process and complete on a monthly basis.
• Conduct regular physical inventory counts of food and beverage items to ensure accuracy.
• Monitor stock levels and set par levels to prevent overstocking or shortages.
• Analyze usage patterns to identify potential waste and areas for improvement.
• Calculate food and beverage cost percentages by comparing cost of goods sold to sales revenue.
• Analyze variances between budgeted costs and actual costs, identifying root causes and proposing corrective actions.
• Review all supplier invoices for accuracy and price discrepancies.
• Collaborate with staff to develop and maintain accurate recipe costing.
• Analyze menu pricing to ensure profitability and market competitiveness.
• Adjust menu prices based on cost fluctuations and sales trends.
• Implement cost-saving initiatives like portion control, reducing waste, and utilizing leftovers effectively.
• Monitor staff usage of ingredients and identify potential areas for training.
• Review purchase orders to ensure proper quantities and quality of goods are ordered.
• Generate daily revenue reports, weekly, and monthly financial reports on food and beverage costs for each store.
• Present data to management, highlighting key trends and areas for improvement.
• Identify opportunities to optimize profitability through cost control strategies.

Benefits

• Medical, dental & vision insurance
• 401K
• DailyPay
• Paid vacation
• Free downtown parking
• Free employee meals
• Hotel and restaurant discounts

What This Job Offers

• Job Type: Full-time
• Industry: Accommodation
• Education Level: Bachelor's degree