F&b Chief Accountant
6 months ago
A Food and Beverage (F&B) Chief Accountant is responsible for overseeing and managing the financial aspects of the F&B department in a Marsa Village. This role combines accounting expertise with a deep understanding of the specific financial dynamics of the food and beverage sector. Here are some key responsibilities and tasks associated with the role:
**Financial Management**:Develop and manage budgets for the F&B department.
Monitor financial performance against budget and forecast.
Analyze financial data and provide insights to improve cost efficiency.
**Cost Control**:Implement and maintain effective cost control measures.
Monitor food and beverage costs, including raw materials, inventory, and wastage.
Work closely with the procurement team to negotiate favorable terms with suppliers.
**Financial Reporting**:Prepare regular financial reports for the F&B department.
Provide timely and accurate financial information to management.
Ensure compliance with accounting standards and regulations.
**Revenue Analysis**:Analyze sales data to identify trends and opportunities for revenue growth.
Collaborate with F&B managers to develop pricing strategies.
Monitor sales performance and recommend adjustments as needed.
**Inventory Management**:Oversee inventory control processes for food and beverage items.
Implement systems to track and manage stock levels efficiently.
Conduct regular audits to minimize discrepancies and losses.
**Team Collaboration**:Collaborate with other departments, such as finance, procurement, and operations.
Provide financial guidance and support to F&B managers and staff.
Train and develop the accounting team within the F&B department.
**Compliance and Auditing**:Ensure compliance with accounting principles, policies, and procedures.
Coordinate internal and external audits related to F&B finances.
Address audit findings and implement corrective actions as necessary.
**Technology Integration**:Implement and leverage accounting software and technology solutions.
Explore opportunities to streamline financial processes and improve efficiency.
**Forecasting**:Develop financial forecasts and projections for the F&B department.
Assess the financial impact of new initiatives or changes in the business.
**Risk Management**:Identify and mitigate financial risks related to F&B operations.
Implement controls to safeguard against fraud and financial mismanagemen
**Salary**: AED9,000.00 - AED12,000.00 per month
Ability to commute/relocate:
- Dubai: Reliably commute or planning to relocate before starting work (required)
**Experience**:
- F&B Chief Accountant: 8 years (required)
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