This role is integral to establishing and maintaining financial structures and systems, making experience in a pre-opening environment highly advantageous. The successful candidate will work closely with the GM and ownership to implement best practices, ensuring financial integrity and efficiency across all operations.
This position requires a hands-on approach, involving both strategic oversight and operational engagement to drive service and efficiency improvements. The role is predominantly onsite, with occasional travel to London or for business-related trips. Regular interaction with senior management and the finance team is essential.
Key Responsibilities
- Lead the preparation and presentation of the annual budget within agreed timelines.
- Produce monthly P&L statements, including KPI presentations and performance analysis against targets.
- Conduct quarterly revenue and cost reforecasting.
- Collaborate with senior leadership on yield and pricing strategy.
- Oversee payroll management in conjunction with the HR team, ensuring accuracy in payroll strategy, benefits, pensions, taxes, and vacation accruals.
- Maintain financial statements, including balance sheets and cash flow reports.
- Ensure compliance with accounting standards and company SOPs, including the development of new procedures where necessary.
- Establish and monitor internal financial controls to mitigate risk and enhance efficiency.
- Assess and manage risks posed by internal and external market factors.
- Define delegation of financial authority with the General Manager and ownership, covering purchasing, contracting, and CAPEX.
- Oversee and prepare for annual external audits and implement internal audit processes.
- Manage financial software and applications to ensure seamless financial operations.
- Maintain relationships with financial institutions and oversee bank account management.
- Conduct ongoing data analysis, using statistical insights to drive financial improvements and model future performance.
- Actively participate in senior executive team meetings and workshops, maintaining a deep understanding of business operations and key challenges.
- Lead and develop the finance team, ensuring continuous professional growth and skill development.
- Monitor food and beverage cost of sales, working closely with purchasing teams to secure the best pricing and optimise group purchasing practices.
- Share financial insights with Heads of Departments and team leaders, fostering a cost-conscious culture across all departments.
- Provide oversight of IT functions, with direct responsibility for IT management if required.
- Accounts receivable, accounts payable, and treasury activities on a daily basis.
- Full reconciliation of all sales activities against guest invoicing and payments.
Working Conditions
- Monday to Friday, standard business hours.
- Predominantly onsite, with some travel to London or other business-related locations.
- Active involvement in operational and strategic decision-making processes.
Get in touch with Sonnie at Select Recruitment for more information, or apply now.