Job Summary:
The Financial Controller will oversee all financial operations , ensuring accurate reporting, budgeting, and compliance with internal and external standards. The role requires a strong understanding of the F&B industry, including cost control, inventory management, and revenue tracking, to support strategic decision-making.
Key Responsibilities:
Financial Management & Reporting
Prepare monthly, quarterly, and annual financial statements.
Ensure accurate bookkeeping and financial reporting for all outlets.
Analyze financial performance, trends, and variances; provide actionable insights.
Budgeting & Forecasting
Develop annual budgets in collaboration with department heads.
Monitor budget adherence and recommend corrective actions.
Forecast revenues, expenses, and cash flows specific to F&B operations.
Cost Control & Inventory Management
Monitor food, beverage, and operational costs to maintain profitability.
Implement cost-control measures and monitor wastage/spoilage.
Oversee inventory valuation, stock reconciliation, and procurement reporting.
Compliance & Internal Controls
Ensure compliance with financial regulations, tax laws, and company policies.
Establish and maintain robust internal control procedures.
Liaise with auditors during internal and external audits.
Team Leadership & Collaboration
Manage and mentor the finance and accounting team.
Strategic Planning Support
Provide financial insights to support expansion, investment, or cost-saving initiatives.
Evaluate new projects, menu pricing, or marketing campaigns from a financial perspective.
Qualifications & Experience:
Bachelor’s degree in Accounting, Finance, or related field (CPA or CMA preferred).
5+ years of experience in financial management, preferably in F&B or hospitality.
Strong understanding of F&B operations, cost structures, and reporting systems.
Proficient in accounting software and MS Office (especially Excel).
Excellent analytical, problem-solving, and communication skills.
Key Competencies:
Leadership and team management
Attention to detail and accuracy
Strong organizational and planning skills
Strategic thinking and business acumen