Vice President of Finance

About This Role

This leadership position oversees the financial operations of an expanding portfolio of restaurants, entertainment venues, and hospitality concepts. The role is for a strategic financial leader who understands restaurant operations as well as financial statements, and suits a candidate with extensive multi-unit restaurant experience who thrives in a fast-paced, entrepreneurial environment.

Responsibilities

• Lead all accounting and financial reporting for multiple restaurant concepts
• Prepare accurate daily, weekly, monthly, quarterly, and annual financial reporting packages
• Prepare and oversee all Profit and Loss Statements, Balance Sheets, Cash Flow Statements, and supporting financial schedules
• Ensure timely and accurate month-end and year-end close processes
• Develop budgets, forecasts, and cash flow projections
• Analyze labor, food cost, beverage cost, prime cost, inventory, and profitability by location
• Develop executive KPI dashboards and operational reporting
• Oversee all inventory accounting, recipe costing, and cost controls
• Ensure accurate reconciliation of sales, cash, credit card settlements, gift cards, merchant processors, and bank accounts
• Oversee accounts payable, accounts receivable, payroll accounting, fixed assets, and general ledger
• Supervise and develop the bookkeeping and accounting staff, ensuring accuracy, accountability, and adherence to deadlines
• Establish and improve accounting systems, internal controls, and financial procedures
• Coordinate year-end financial statements, tax preparation, and outside auditors
• Partner with operations leadership to improve financial performance across all concepts
• Assist ownership with financing, lender reporting, investor reporting, acquisitions, and new restaurant openings

Requirements

• A minimum of 7 to 10 years of significant restaurant accounting experience
• Experience as a Controller or Assistant Controller for a multi-unit restaurant or hospitality company is strongly preferred
• Extensive experience with Restaurant365 (R365)
• Extensive experience with Toast POS
• Strong experience with restaurant inventory systems and inventory controls
• Experience creating and analyzing Profit and Loss Statements, Balance Sheets, Cash Flow Statements, budgets, forecasts, and executive financial reports
• Experience with recipe costing, menu engineering, theoretical food and beverage cost analysis, and inventory variance reporting
• Strong understanding of restaurant payroll, labor management, and scheduling analytics
• Advanced Microsoft Excel skills
• Strong knowledge of GAAP accounting principles