Costing Analyst

Title: Costing Analyst

Reports to: Head of Commercial

Based at: Newrest LHR

Job Purpose

The Costing Analyst is responsible for ensuring accurate product, recipe and operational costing, providing the business with reliable cost information to support pricing, margin management, budgeting and commercial decision-making.

The role works closely with Finance, Commercial, Procurement, Production and Operations to understand the true cost of products and services and identify opportunities to improve profitability and cost control.

Key Accountabilities and Responsibilities

• Produce and maintain detailed product and recipe costings. Including calculating material, and other direct costs.
• Provide accurate costing information for tenders, quotations and customer proposals.
• Support Commercial teams with pricing scenarios, model the financial impact of specification, contract and volume changes.
• Provide cost and margin analysis including, investigating variances due to price increase, yield, volume changes among other aspects of the service.
• Ensure that costings within Newrest systems are updated, accurate and reflect the menus agreed with customers.
• Liaise with Culinary Lead to ensure that Menu Grids are completed and accurate.
• Create and update menu specifications and costings for each food component.
• Ensure all aspects of the service are accurately detailed in the system.
• Compliance checking, recording outcomes and implementing improvement plans on an ad hoc basis, across the UK.
• Support in menu presentations / chef tables and customer meetings.

Knowledge and Skills

• Minimum 1 years’ experience food manufacturing, airline catering, manufacturing, FMCG or logistics.
• Proficient in Microsoft Office Tools. Advanced Excel.
• Experience of working with systems.
• Experience in Culinary Costings and Analysis (desirable).
• Data entry skills, good numeracy and attention to detail.
• Demonstrate problem solving skills
• Good literacy skills, verbal written and spoken.
• Ability to translate technical information into operational language.
• Analytical and critical thinking.
• Excellent communication, team work and customer service skills.
• The ability to work calmly under pressure.
• Organisational skills.