The Role
The F&B Accountant oversees financial operations related to inventory management, cost control, sales reconciliation, and reporting to ensure accurate transaction recording and profitability analysis.
Summary Generated by Built In
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.
Skills Required
- Bachelor's degree in Accounting, Finance, or a related field
- Minimum 2-3 years of accounting experience
- Strong knowledge of inventory and cost control systems
- Proficiency in accounting software
- Familiarity with POS systems
- Excellent analytical and problem-solving skills
- High attention to detail and accuracy
- Ability to work independently and under pressure
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The Company
What We Do
Business Services and Company Incorporation in Saudi Arabia, providing integrated solutions to support investors and entrepreneurs in building successful and sustainable businesses with confidence.
