- Develop comprehensive annual budgets in collaboration with department heads for presentation to and approval of senior management.
- Forecast financial trends based on historical data, market analysis, and operational considerations.
- Monitor budget performance, conduct regular variance analysis, and provide timely updates and recommendations to ensure alignment with strategic objectives.
- Provide strategic insights into financial performance and identify areas for improvement.
- Maintain accurate and comprehensive financial records, including accounts payable, accounts receivable, and general ledger entries.
- Prepare and review financial statements, balance sheets, and cash flow statements on a regular basis.
- Prepare detailed monthly, quarterly, and annual financial reports, analysis, and presentations for management review and decision-making.
- Ensure compliance with accounting principles, standards, and regulatory requirements.
- Develop and maintain internal controls to safeguard assets and prevent fraud or misappropriation.
- Coordinate with the CFO and company tax advisers on the completion and filing of tax returns accurately and in timely manner
- Collaborate with and support the financial department on all relevant restaurant accounts requirements, as may be required.
- Support the implementation of company’s accounting system and ensure it is used accurately and efficiently.
- Monitor and analyze food and beverage, stock, labor, and overhead costs to identify opportunities for cost savings and revenue enhancement.
- Propose, develop, and implement cost control measures and procedures to optimize operational efficiency and maximize profitability in coordination with Operation manager.
- Conduct regular inventory audits and report to stakeholders to ensure accuracy, compliance, and adequate inventory levels.
- Support and implement inventory optimization strategies to minimize waste, shrinkage, and obsolescence in coordination with operation manager.
- Collaborate with Operations Manager to optimize inventory management and control costs.
- Collaborate with Operations manager to track sales and revenue trends.
- Provide financial guidance and support to department heads and management.
- Monitor, review, and ensure restaurant POS and inventory systems are used in accordance with best practice in coordination with IT and operation teams.
Educational Background:A bachelor's degree in Hospitality Management, Finance, Accounting, or a related fieldExperience:10 years of experience in a similar role within the hospitality industryProven experience in inventory management and cost controlSkills:Strong analytical and problem-solving skillsProficiency in financial and accounting softwareExcellent organizational and time management abilitiesEffective communication and leadership skills Technical Knowledge:Familiarity with inventory management systems and softwareUnderstanding of financial reporting and cost analysis