Cost Accountant

Key Responsibilities

1. Cost Analysis & Monitoring

• Monitor food cost, packaging cost, and labor cost per meal/unit.
• Analyze daily consumption of raw materials vs. production output.
• Identify cost leakages and variances from standard cost.

2. Budgeting & Forecasting

• Prepare monthly, quarterly, and annual budgets.
• Collaborate with operations and procurement teams to forecast future costs.
• Track actual vs. budgeted cost and report deviations.

3. Menu Costing & Pricing

• Prepare detailed cost sheets for each menu item.
• Help management decide meal pricing, considering margin targets.
• Suggest alternatives for high-cost ingredients or wastage-heavy items.

4. Inventory & Procurement Coordination

• Evaluate consumption trends and suggest reorder levels.
• Coordinate with the purchase department to ensure cost-effective sourcing.
• Verify GRNs (Goods Receipt Notes), stock entries, and issue slips.

5. Cost Control Audits

• Conduct periodic kitchen audits for wastage, pilferage, and over-portioning.
• Perform surprise checks and raw material reconciliation.
• Review vendor bills and utility bills for cost optimization.

6. Compliance & Documentation

• Ensure costing practices are aligned with accounting standards.
• Prepare MIS reports and costing summaries for management review.
• Support audits (internal and statutory).

Key KPIs

• Food cost % of sales
• Variance in standard vs. actual cost
• Inventory turnover ratio
• Wastage levels
• Compliance in cost reporting

Skills & Competencies

• Strong analytical and numerical skills
• Proficiency in Excel, Tally, ERP (if used)
• Knowledge of FSSAI and hygiene-linked cost parameters
• Ability to work closely with kitchen, stores, and finance teams

Qualifications

• CMA / ICWA Inter or Final (preferred)
• B.Com / M.Com with experience in cost control (minimum 3–5 years in food/catering)

Preferred Industry Experience

• Industrial catering
• Institutional kitchens (schools, hospitals, factories)
• Hospitality (large kitchens or chain restaurants)

Job Type: Full-time

Pay: ₹25,000.00 - ₹30,000.00 per month

Work Location: In person