CFO/Director of Finance

Restaurant Group Summary: We are seeking an experienced and dynamic Director of Finance to join our growing restaurant group. The ideal candidate will be a strategic financial leader with a strong background in the restaurant industry. The Director of Finance will play a crucial role in shaping the financial strategy of the organization, ensuring financial health, and supporting the overall growth and success of the restaurant group. Responsibilities:

1. Financial Strategy and Planning:

• Develop and implement financial strategies aligned with the restaurant group's overall objectives.
• Collaborate with executive leadership to establish financial goals and budgets.
• Conduct financial analysis, forecasting, and planning to support decision-making processes.
• Manage bank accounts and bank relationships and compliance

1. Budgeting and Financial Control:

• Oversee the budgeting process and monitor financial performance against budgets.
• Implement financial controls and procedures to safeguard the company's assets.
• Identify areas for cost reduction and efficiency improvement.
• Ensure timely compliance of payments and returns of all statutory requirements like GST, professional tax and other related taxes.

1. Financial Reporting:

• Prepare accurate and timely financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Provide regular financial updates to the executive team and stakeholders.
• Analyze financial data and present key insights and recommendations.

1. Risk Management:

• Identify and assess financial risks, proposing mitigation strategies as needed.
• Ensure compliance with relevant financial regulations and reporting requirements.
• Develop and maintain strong internal controls to safeguard financial assets.

1. Team Leadership and Development:

• Lead and mentor the finance team, fostering a culture of accountability and high performance.
• Recruit, train, and develop finance staff to enhance their skills and capabilities.
• Foster collaboration between finance and other departments within the organization.

1. Financial Decision Support:

• Provide financial insights and guidance to support strategic decision-making.
• Collaborate with operational teams to analyze financial impact and feasibility of new initiatives.
• Assess the financial implications of potential business opportunities.
• Participate in the execution of changes to procedures, policies, and systems to facilitate expansion, compliance, and scaling of the business.

1. Store, Vendor and Contract Management:

• Oversee the food store room and inventory control procedures.
• Oversee vendor relationships and negotiate favorable terms.
• Review and approve contracts to ensure alignment with financial goals and risk mitigation.

1. Technology

• Participate in technology upgradation for the organization.
• Review and audit existing systems to leverage technology.

• Bachelor's degree in Finance, Accounting, Business Administration, or related field. A Master's degree or CA qualification is a plus. MBA Finance, ACCA Certification preferred.
• Proven experience as a Director of Finance or a similar role in the restaurant industry.
• Strong understanding of restaurant finance, cost structures, and industry dynamics.
• Exceptional analytical and strategic thinking skills.
• Proficient in financial management software and ERP systems.
• Excellent leadership and team management abilities.
• Effective communication skills, both verbal and written.
• Ability to thrive in a fast-paced and dynamic environment.