Accounting Associate

Position Summary

Primary responsibility of Cost Control Accounting Associate is to provide accounting and cost control support in various areas of F&B and Retail related operations. This role aims to optimize cost efficiency, profitability, and financial performance.

Primary Responsibility

•    Conduct inventory count, identify variances, and provide monthly slow-moving items report. Assist with inventory risk monitoring and count scheduling.
•    Support recipe checking, activation, and review transfer documents for accuracy and completeness.
•    Generate and combine reports for weekly cost analysis, including monitoring food and beverage costs and ensuring successful retail sales transaction synchronization.
•    Maintain accurate financial records, prepare journal entries for month-end closing, and assist with Balance Sheet accounts reconciliation.
•    Analyze and monitor food costs, including ingredients, labor, and overhead expenses in Production Kitchens. Collaborate with Production Kitchen teams for time study scheduling and completion rate monitoring.
•    Calculate individual recipe costs, compare with actual costs, and identify cost drivers, trends, and areas for improvement.
•    Conduct regular cost reviews, variance analysis, and identify cost-saving opportunities.
•    Monitor actual performance against budgeted targets, provide analysis and recommendations for cost control and financial improvement.
•    Collaborate with chefs, culinary teams, and business partners to develop accurate recipe costing, address errors, and communicate effectively.
•    Perform assigned duties, maintain document filing, and handle ad hoc tasks as required.

Requirements

• Bachelor's degree; additional education in accounting, finance, or CPA is a plus.
• Proficiency in MS Excel, VBA, and Power Query for data analysis. Knowledge of Power BI, SQL, and Python is a plus.
• Experience in accounting or auditing and familiarity with SAP and RedRock are advantageous.
• Strong attention to detail and numerical aptitude.
• Excellent organizational and time management skills.
• Strong written and verbal communication and interpersonal abilities.
• Ability to work independently and collaboratively in a team environment.
• Reliable with a positive working attitude.
• Eager to learn.