Assistant Finance Manager -Restaurants

We are hiring for an Assistant Finance Manager role specialized in handling restaurant operations. **Job Title:** Assistant Finance Manager – Restaurant Group (Food & Beverage / Hospitality) **Reports to: Group Finance Controller** **Position Summary:** The Assistant Finance Manager will oversee the financial management and reporting for a group of entities, ensuring accurate consolidation, compliance, and strategic financial planning. The role requires a **qualified Chartered Accountant (CA)** with hands-on experience in **multi-company accounting, intercompany reconciliations, financial planning, budgeting, and audit management** within the food and beverage or hospitality industry. **Key Responsibilities:** **1. Financial Management & Consolidation** * Oversee full-cycle accounting for multiple restaurant entities under the group structure. * Manage **intercompany transactions, reconciliations, and consolidated group financial statements**. * Ensure timely month-end and year-end closing across all companies. * Review general ledger, balance sheet, and profit & loss for accuracy and compliance. **2. Budgeting, Forecasting & Financial Planning** * Develop and monitor annual budgets for each restaurant and the consolidated group. * Prepare rolling forecasts and variance analysis; identify performance gaps and improvement areas. * Partner with operations teams to analyze outlet profitability, menu costing, and pricing strategy. **3. Audit, Compliance & Controls** * Coordinate **internal and external audits** across all group entities. * Maintain strong internal controls, ensure compliance with VAT, tax, and statutory requirements. * Prepare audit schedules and ensure timely resolution of observations. **4. Business Support & Strategy** * Act as a financial business partner to the management and restaurant operations teams. * Support expansion plans, new outlet feasibility studies, and ROI analysis. * Evaluate CAPEX proposals and monitor project cash flows. * Provide insights for strategic cost optimization and performance improvement. **5. Cash Flow & Cost Control** * Manage consolidated **cash flow planning**, working capital, and liquidity across all entities. * Monitor food, beverage, and labor cost ratios; identify trends and corrective actions. * Oversee vendor payments, credit control, and ensure adherence to budgetary limits. **Qualifications & Experience:** * **Chartered Accountant (CA)** qualification is **mandatory**. * **7–12 years** of progressive finance experience, preferably in the **restaurant or hospitality industry**. * Proven experience managing **multi-entity / intercompany accounting and consolidation**. * Strong background in **budgeting, financial analysis, and audit coordination**. * Proficiency in Dynamics **accounting systems** and Excel-based financial modelling. **Skills & Competencies:** * Deep understanding of restaurant cost structures (COGS, labor, overheads). * Strong analytical and consolidation skills. * Hands-on approach with attention to detail and accuracy. * Excellent communication and leadership abilities. * High integrity and ability to manage confidential financial information. **Key Performance Indicators (KPIs):** * Accuracy and timeliness of consolidated financial reports. * Audit completion and compliance score. * Budget adherence and variance management. * Cost optimization and profitability improvement across entities. * Cash flow stability and intercompany reconciliation accuracy. Job Type: Full-time Application Question(s): * Do you hold a CA(Chartered Accountant) qualification? * What is your notice period? * Do you have experience handling F&B - Restaurant industry? * What are your salary expectation? Work Location: In person