East London: Cost Analyst posted by Abantu Staffing Solutions

Overview:

The Cost Analyst is responsible for analysing and managing food cost processes across the companys restaurant network. This includes maintaining the Bill of Materials (BOM), performing monthly food cost calculations, investigating variances, and providing actionable insights to improve operational efficiency. The role works closely with Finance, Operations, Supply Chain, and Marketing to ensure accurate financial reporting and support business decision-making.

Minimum Requirements:

• Matric / Grade 12
• Com or equivalent qualification (advantageous)
• 2+ years in a business finance or cost analysis role
• Must have a valid drivers licence
• Experience in the Quick Service Restaurant (QSR) or hospitality industry (advantageous)

Responsibilities:

• Daily Food Cost Analysis: Monitor daily variances, missing stock, and damages; liaise with stores, Area Coaches, and Operations Manager to resolve issues.
• Variance Investigation: Identify root causes of cost variances and recommend corrective actions.
• Cost Calculations: Calculate actual and theoretical food costs for each restaurant and analyse stock transfers.
• Bill of Materials Management: Maintain and update BOM with ingredient costs, new products, and accurate selling prices.
• Reporting & Process Improvement: Recommend enhancements to reporting templates and routine analyses to increase efficiency and accuracy.
• Cross-Functional Collaboration: Work with Finance, Supply Chain, Operations, and Marketing teams to align data and resolve queries.

Competencies:

Technical / Functional Skills:

• Advanced numerical and analytical ability.
• Strong proficiency in Excel and familiarity with ERP/BI tools.
• Knowledge of cost control, budgeting, and supply chain fundamentals.
• Ability to maintain accurate Bill of Materials and generate variance reports.
• Planning and organisational skills to manage multiple tasks and deadlines.

Behavioural Competencies:

• Strong attention to detail and accuracy.
• Accountability and dependability.
• Time management and ability to prioritise.
• Excellent communication and collaboration skills.
• Analytical thinking and problem-solving mindset.
• Integrity and commitment to maintaining confidentiality.