F&B Cost Specialist
Core
Monitor food and beverage costs, manage inventory, and produce financial reports to support profitability and compliance for Loews Hotels' F&B operations.
Role type
F&B Cost Specialist (Finance/Operations)
Builds
Operational and financial reports, cost control audits, inventory management systems data
Domain
Hospitality / Food & Beverage Finance
Deliverable
dashboards & analysis
Required skills
Food & beverage cost control, Inventory management, Financial reporting, Variance analysis, Purchasing compliance, Data analysis, Microsoft Excel, System utilization (POS/Inventory)
Preferred skills
Hospitality industry experience, Knowledge of F&B products and production processes, Experience with hospitality systems (ADACO, Doc-Link, Oracle)
Responsibilities
Prepare daily, weekly, and monthly F&B cost reports and menu mix analyses; Review purchasing activity for pricing trends and specification compliance; Monitor actual costs against budgeted targets and analyze variances; Track key metrics like food cost per cover and inventory turnover; Maintain pricing standards and accuracy in POS and inventory systems; Conduct inventory audits and spot checks; Train operational teams on inventory tools and count procedures; Monitor dead stock to reduce waste; Perform cost control audits including invoice reviews and beverage controls; Review recipes and portioning standards for profitability.
Seniority
Individual Contributor, operational support level