Cost Controller (F&B/CBD)

About C.O.T.U:

C.O.T.U (Centre Of The Universe) is a premier lifestyle and entertainment venue located on the 38th and 39th floors of CapitaGreen. Spanning 18,000 square feet with stunning city skyline views, C.O.T.U features five unique concepts: Dashi Skypool, Enso steakhouse with Japanese flair, The Whisper Room cocktail bar, Little Birdie progressive cocktail bar, and Dashi Go-Go boutique ultra-lounge.

Key Responsibilities:

Inventory Control

Manage and maintain the company’s inventory system, ensuring data accuracy and smooth operational integration.

Provide feedback to enhance company’s inventory system.

Serve as the primary goods receiver across five venues, performing checks to ensure compliance with receiving procedures.

Conduct weekly physical stock counts of food and beverage inventories to maintain accurate records and accountability.

Verify the accuracy and documentation of stock transfers and internal venue requisitions within the inventory system.

Review and assess asset purchase requests to prevent unnecessary expenditure.

Cost Management & Optimisation

Review food and beverage costs and collaborate with venue managers to identify and implement cost optimisation initiatives.

Monitor and review entertainment and miscellaneous claims to ensure compliance with approved budgets and supporting documentation requirements.

Procurement & Supplier Management

Lead procurement activities, including vendor sourcing, price negotiations, and supplier relationship management, to secure cost-effective purchasing outcomes.

Evaluate and obtain quotations for capital expenditure purchases, ensuring cost-effectiveness and alignment with business priorities.

Liaise with suppliers to manage beverage agreements, track incentives and achievement targets, and follow up on timely supplier payouts.

Compliance, Controls & Systems

Design and implement compliance and control measures to strengthen inventory accuracy and enhance financial oversight.

Establish and oversee internal processes to reinforce operational and financial controls.

Manage the company's software and IT infrastructure, with a focus on POS and inventory systems, to maintain system integrity and mitigate potential risks or loopholes.

Act as the primary controller of POS SKU setup and pricing updates to ensure accuracy and consistency across all venues.

Requirements

Meticulous attention to detail and strong analytical skills.

Familiarity with beverage products and prior experience in an F&B establishment .

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