Chai Point | Food
2 weeks ago
Key Responsibilities:
Financial Management:
Develop, implement, and maintain financial controls and procedures related to food and beverage operations.
Monitor and analyze financial performance, including revenue, cost of goods sold and gross profit margins.
Prepare and review monthly financial reports, including P&L statements, to ensure accuracy and identify trends or discrepancies.
Budgeting and Forecasting:
Assist in the preparation of annual budgets and financial forecasts for food and beverage operations.
Analyze variances between actual performance and budgeted figures, and provide recommendations for corrective actions.
Cost Control and Inventory Management:
Oversee inventory levels and conduct regular physical inventory counts to ensure accuracy and prevent losses.
Implement and monitor cost control measures to optimize food and beverage expenses.
Collaborate with suppliers and vendors to negotiate pricing and manage procurement processes effectively.
Compliance and Reporting:
Ensure compliance with company policies, industry regulations, and financial standards.
Prepare and submit required reports to regulatory agencies and internal stakeholders.
Conduct audits and internal reviews to identify and rectify any financial or operational issues.
Operational Support:
Provide financial insights and support to restaurant management teams to drive operational efficiency and profitability.
Assist in the development and implementation of strategies to improve food and beverage operations.
Staff Training and Development:
Train and support restaurant staff on financial procedures, inventory management, and cost control practices.
Foster a culture of financial awareness and accountability within the team.
Qualifications:
Master’s degree in Finance, Accounting, Business Administration, or a related field.
Proven experience in a financial management or control role, preferably within the QSR or hospitality industry.
Strong analytical and problem-solving skills with a keen attention to detail.
Proficiency in financial software and tools, such as Excel, ERP systems, or accounting software.
Excellent communication and interpersonal skills, with the ability to work collaboratively with diverse teams.
Strong organizational skills and the ability to manage multiple priorities and deadlines.
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