Job Description
About the Role
We are seeking an experienced Cost Analyst to join our team in East London. As a Cost Analyst, you will be responsible for analyzing and calculating food cost processes for the company. This includes managing the bill of materials, conducting monthly food cost calculations, and preparing various variance reports. Your work ensures accurate financial reporting and supports operational efficiency across all restaurants.
Key Responsibilities
- Daily food cost analysis per restaurant
- Investigating food cost variances
- Analyzing stock transfers
- Calculating the actual and theoretical food cost for each restaurant
- Managing the Build of Material file, including updating ingredient costs received from Supply Chain, adding new products and ensuring correct selling prices.
- Communication with Area Coaches, Marketing team, Supply Chain team, Finance colleagues, external vendors or auditors for data verification
- Problem solving and analysis
- Judgement and decision making
Requirements
- Diploma or certificate in Finance (B. Com Finance preferred)
- Previous experience in a business finance related position
- Previous experience in the Quick Service Restaurant industry will take preference
- Knowledge and experience in safety standards, financial audit requirements, and internal controls
- Highly proficient in Microsoft Word, Excel Spreadsheets, and outlook e-mail
- Knowledge and experience in Procurement and Supply Chain – understand vendor pricing, contract terms, and sourcing strategies
- Experience in Data Analysis and reporting using Excel, ERP Systems, or BI Tools to generate actionable insights from cost data
- Experience in Cost Control and Budgeting – calculating food cost percentages, forecasting, and aligning with budget targets
Salary & Benefits
Market related (Based on experience)
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Accounting / Finance Jobs in Buffalo City
When it comes to Accounting and Finance positions in Buffalo City, South Africa, the general job market trends indicate a steady demand for skilled professionals in these fields. Typically, companies across various industries require accountants and finance specialists to manage their financial operations, ensure compliance with regulations, and provide strategic financial insights.
Generally, salaries for accounting and finance roles in Buffalo City can range from R400 000 to R800 000 per annum, depending on factors such as experience, company size, industry sector, and qualifications. However, it’s essential to note that these are broad ranges, and actual salaries may vary significantly based on individual circumstances. For instance, a finance manager with extensive experience in the manufacturing sector might earn closer to the higher end of this range, while an entry-level accountant in a smaller company might start at the lower end.
Common skills required for accounting and finance roles include strong analytical and problem-solving abilities, proficiency in financial software such as Xero or SAP, attention to detail, excellent communication and interpersonal skills, and knowledge of accounting standards and regulations. Typically, companies look for professionals with a degree in accounting or finance, as well as relevant certifications such as the Certified Public Accountant (CPA) designation.
Accounting and finance roles can be found across various industry sectors, including financial services, technology, manufacturing, and healthcare. Financial services sector, for example, often requires accountants and finance specialists to manage client relationships, ensure regulatory compliance, and provide financial analysis and planning support.
Career development opportunities for accounting and finance professionals in Buffalo City are plentiful. Typically, entry-level positions can progress to senior roles within a few years, with opportunities to specialize in areas such as tax consulting, auditing, or financial planning. Many companies also offer training and development programs to help employees enhance their skills and advance their careers. With dedication and hard work, accounting and finance professionals can enjoy rewarding and challenging careers in Buffalo City.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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