Description:
Key Responsibilities:
1. Financial Planning & Analysis:
- Develop and manage annual budgets and forecasts for all coffee shop locations.
- Conduct monthly variance analysis and provide insights to management.
- Track financial performance and highlight areas for improvement.
2. Financial Reporting:
- Prepare timely and accurate monthly, quarterly, and annual financial statements.
- Ensure compliance with internal reporting standards and external regulations.
- Present financial results to senior management with actionable recommendations.
3. Cost Control & Profitability:
- Analyze food and beverage costs, labor costs, and operational expenses.
- Implement cost control measures across stores to maximize profitability.
- Work closely with procurement and operations to optimize inventory and supplier costs.
4. Cash Flow & Treasury Management:
- Monitor daily cash flow, manage working capital, and ensure sufficient liquidity.
- Oversee banking relationships and manage loan or credit facilities, if applicable.
5. Internal Controls & Compliance:
- Ensure proper financial controls are in place across all stores.
- Lead internal audits and support external audits when required.
- Ensure compliance with VAT, tax filings, and other local financial regulations.
6. Team Management:
- Supervise finance/accounting staff and ensure proper task delegation and performance monitoring.
- Provide coaching and development opportunities to grow the finance team.
Qualifications & Skills:
- Bachelor’s degree in Finance, Accounting, or related field (Master’s or CMA/ CA/ CPA/ACCA is a plus).
- 5+ years of financial management experience, preferably in the F&B or retail industry.
- Strong understanding of financial systems, reporting tools, and ERP software.
- Excellent analytical, problem-solving, and communication skills.
- Knowledge of cost accounting and store-level profitability is a strong advantage.
- Proficient in MS Excel and financial modeling.
Key Competencies:
- Strategic Thinking
- Attention to Detail
- Leadership & Team Management
- Business Acumen
- Communication & Co