Cost Accountant

2 weeks ago

Makati, Philippines The Moment Group of Restaurants Full time

Overview

We are seeking a highly analytical and detail-oriented Cost Accountant to join our Finance team. This role is essential in ensuring accurate inventory tracking and cost control across all restaurant locations. The officer will oversee inventory reconciliation, monitor stock movements, and provide insightful cost analysis that directly impacts profitability and operational efficiency.

Responsibilities
  • Inventory Management
    • Oversee inventory counts across multiple branches
    • Monitor stock levels and set reorder points to prevent shortages or overstocking
    • Reconcile physical stock with system records and resolve inventory discrepancies
  • Cost Control
    • Monitor and analyze food, beverage, and packaging costs by location
    • Analyze recipe costing and recommend adjustments based on usage trends and supplier pricing
    • Partner with purchasing and kitchen teams to drive cost savings
  • Reporting & Analysis
    • Prepare regular reports on inventory valuation and cost of goods sold (COGS)
    • Perform theoretical vs. actual cost variance analysis
    • Share actionable insights with Finance and Operations leadership
  • System & Compliance Oversight
    • Ensure consistent and compliant use of POS and inventory systems across locations
    • Enforce policies on stock handling, transfers, and waste logging
    • Support audits and internal control processes
Qualifications
  • Bachelor’s degree in Accountancy, Business Administration (Financial Management/Operations), or Industrial Engineering
  • 1-2 years of relevant experience in inventory and cost control (preferably in restaurant, multi-branch, or commissary-based operations)
  • Strong understanding of cost accounting, COGS, and inventory valuation methods (e.g., standard costing, weighted average)
  • Proficient in MS Excel (pivot tables, VLOOKUP, basic macros)
  • Familiarity with POS, ERP systems (e.g., Business Central, SAP), and inventory management software
  • Strong analytical, audit, and reporting skills
  • High integrity in handling financial data; effective in cross-functional communication
Seniority level
  • Entry level
Employment type
  • Full-time
Job function
  • Accounting/Auditing and Finance
Industries
  • Food and Beverage Services

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