CFO/Director of Finance

About the job 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: 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 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. 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. 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. 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. 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. 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. Technology Participate in technology upgradation for the organization. Review and audit existing systems to leverage technology. Qualifications: 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. To apply, please submit your resume and a cover letter detailing your relevant experience and accomplishments in the restaurant finance sector. #J-18808-Ljbffr