Finance Manager

Overview: The Finance Manager plays a crucial role in overseeing and managing the financial operations of the Food and Beverage (F&B) industry. This position requires a blend of financial expertise, industry-specific knowledge, and strategic thinking to ensure the financial health and success of the organization. The Finance Manager will be responsible for budgeting, forecasting, financial analysis, cost control, and financial reporting, among other duties. Responsibilities: Financial Planning and Analysis: -Develop and maintain financial models for budgeting, forecasting, and decision-making. -Analyze financial performance, identify trends, and provide insights to support strategic decision-making. -Monitor key performance indicators (KPIs) and financial metrics to assess the company's financial health and performance. -Budgeting and Forecasting: -Coordinate the annual budgeting process, working closely with department heads to develop accurate and realistic budgets. -Prepare regular forecasts based on business trends, market conditions, and operational factors. -Monitor budget variances and provide recommendations to management for cost control and optimization. Financial Reporting: -Prepare monthly, quarterly, and annual financial reports for management and stakeholders. -Ensure compliance with accounting standards, regulations, and company policies. -Present financial results and analysis to senior management and provide insights for decision-making. Cost Control and Optimization: -Monitor and analyze costs across all aspects of the F&B operation, including food and beverage costs, labor costs, and overhead expenses. -Identify opportunities for cost reduction and operational efficiency improvements. -Implement and track cost-saving initiatives to improve profitability. Cash Flow Management: -Manage cash flow forecasting and ensure adequate liquidity to meet operational needs. -Optimize working capital management, including receivables, payables, and inventory. -Coordinate with banks and financial institutions to secure financing and manage banking relationships. Financial Risk Management: -Identify financial risks and implement strategies to mitigate them. -Monitor market trends and economic indicators that may impact the F&B industry. -Develop and maintain internal controls to safeguard company assets and ensure compliance with regulatory requirements. Team Leadership and Development: -Lead and develop a team of finance professionals, providing guidance, coaching, and support. -Foster a culture of collaboration, accountability, and continuous improvement within the finance department. -Conduct performance evaluations and provide opportunities for professional growth and development.