F&B Finance

3 days ago

Amman, Amman, Jordan RemoteOne Full time $30,000 - $60,000 per year


The Finance & Account specialist will be responsible for supporting financial operations and accounting processes for our Partner who is a leading F&B business. This remote role involves managing budgets, preparing financial statements, ensuring compliance with industry regulations, and optimizing financial performance. The Finance & Account specialist will work closely with the restaurant's management team to provide strategic financial insights and support decision-making to drive profitability and growth.

Key Responsibilities:
  • Financial Reporting & Analysis:
    • Prepare and analyze monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow).
    • Conduct financial forecasting, budgeting, and variance analysis.
    • Monitor key financial metrics such as food cost, labor cost, and gross profit margin.
  • Cost Control & Efficiency:
    • Track and analyze operational costs, including food, beverage, labor, and overhead, to identify areas for improvement.
    • Implement cost-saving measures and financial controls to improve profitability.
    • Collaborate with kitchen and procurement teams to optimize food inventory levels and reduce waste.
  • Accounting & Compliance:
    • Manage day-to-day accounting operations, including accounts payable/receivable, payroll, and tax filings.
    • Ensure compliance with local, state, and federal regulations, including sales tax, health regulations, and labor laws.
    • Maintain accurate and up-to-date financial records in accordance with accounting standards.
  • Cash Flow & Liquidity Management:
    • Monitor cash flow to ensure adequate liquidity for daily operations.
    • Manage banking relationships, loans, and credit facilities.
    • Prepare cash flow forecasts and manage working capital requirements.
  • Inventory & Costing Systems:
    • Implement and maintain restaurant inventory management systems to ensure accurate tracking and valuation of food and beverage items.
    • Work with the purchasing team to ensure that product pricing and vendor relationships align with financial goals.
  • Financial Planning & Strategy:
    • Assist the restaurant owner/management team in developing long-term financial strategies.
    • Support decision-making by providing financial insights and recommendations for menu pricing, expansions, and capital investments.
    • Prepare financial models for new business initiatives, renovations, or marketing campaigns.
  • Team Leadership & Collaboration:
    • Work closely with the operations and kitchen teams to align financial and operational goals.
    • Train restaurant staff on financial protocols, such as budgeting, invoice management, and cost control practices.
    • Ensure timely payroll processing and employee compensation accuracy.
Qualifications:
  • Bachelors degree in Accounting, Finance, or a related field.
  • Minimum of 3-5 years of experience in accounting or financial management, preferably in the hospitality or restaurant industry.
  • Strong knowledge of accounting software's and POS systems.
  • Proficiency in Microsoft Excel and financial modeling.
  • Solid understanding of restaurant operations, food costing, and inventory management.
  • Familiarity with financial regulations and tax laws for the hospitality industry.
  • Excellent analytical, problem-solving, and organizational skills.
  • Strong attention to detail and ability to meet deadlines in a fast-paced environment.
  • Strong interpersonal and communication skills.
Preferred Qualifications:
  • Experience with restaurant management software (e.g., Toast, Square, Upserve).
  • Prior experience managing multiple restaurant locations or a chain of restaurants.

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