F & B Cost Controller - Magnolia Bakery India

Job Summary:

The F&B Controller is responsible for overseeing all aspects of food and beverage cost management at Magnolia Bakery India. This role involves working closely with the culinary, operations, and supply chain teams to ensure accurate inventory tracking, optimal cost control, and efficient procurement practices, while maintaining high standards of product quality and profitability.

Key Responsibilities:

1. Cost Control & Analysis

Monitor daily F&B costs and conduct regular variance analyses between actual and theoretical costs.

Develop and maintain standard recipes with accurate costings, ensuring consistency across outlets.

Analyze menu pricing versus food cost performance and suggest pricing adjustments when required.

Identify opportunities for cost reduction and improve operational efficiency.

2. Inventory Management

Supervise monthly inventory counts for raw materials, packaging, and finished goods.

Ensure accuracy of stock records and promptly investigate variances.

Track wastage and spoilage, conduct root cause analysis, and implement corrective actions.

3. Reporting & Compliance

Generate timely and accurate reports including recipe costing, variance analysis, and COGS.

Ensure adherence to internal controls, hygiene standards, and statutory compliance.

Assist in internal and external audits with full documentation and traceability.

Maintain updated records of all statutory licenses and renewals relevant to store and central kitchen operations.

4. Systems & Process Improvement

Manage inventory and costing systems (POS, ERP, etc.) for accuracy and efficiency.

Drive process improvements for streamlined cost control and reporting workflows.

Train operational teams on best practices for inventory, compliance, and cost tracking.

Qualifications & Experience:

Bachelors degree in finance, Accounting, Hotel Management, or a related field.

45 years of experience in F&B cost control, preferably in a QSR, premium bakery, or hospitality chain.

Solid knowledge of recipe engineering, inventory systems, and the F&B supply chain.

Proficiency in MS Excel, ERP systems, and POS software.

Strong analytical and problem-solving skills with attention to detail.

Key Attributes:

High integrity and a strong sense of accountability.

Collaborative approach with the ability to work cross-functionally.

Excellent organizational and time management skills.

Passion for food quality and continuous cost optimization.

Job Types: Full-time, Permanent

Pay: 30,000.00 - 40,000.00 per month

Benefits:

Health insurance

Leave encashment

Paid sick time

Paid time off

Provident Fund

Schedule:

Day shift

Supplemental Pay:

Yearly bonus

Work Location: In person