Finance Manager

3 weeks ago


Dubai, United Arab Emirates METAFOODIES RESTAURANTS MANAGEMENT L.L.C Full time

Position Summary: The Finance Manager is responsible for overseeing and managing the financial operations of the restaurants. This role involves financial planning, analysis, reporting, and control to ensure the financial health and profitability of the restaurants. He / She will work closely with the restaurant's management team to support financial decision-making and strategic planning.

Key Responsibilities:

- Financial Planning & Analysis:

- Develop and manage the hotel's annual budget and financial forecasts.
- Analyze financial performance and identify areas for cost reduction and revenue enhancement.
- Prepare financial reports, including profit and loss statements, balance sheets, and cash flow statements.
- Conduct variance analysis and provide insights on financial performance against budgets and forecasts.
- Financial Reporting:

- Ensure timely and accurate submission of financial reports to corporate headquarters or ownership.
- Oversee month-end and year-end closing processes.
- Prepare and review financial statements to ensure compliance with accounting standards and regulations.
- Cash Flow Management:

- Monitor and manage the hotel's cash flow, including daily cash handling and bank reconciliations.
- Ensure adequate liquidity for operational needs and strategic investments.
- Internal Controls & Compliance:

- Develop and implement internal control procedures to safeguard assets and ensure accurate financial reporting.
- Ensure compliance with all financial regulations and hotel policies.
- Coordinate with external auditors during financial audits.
- Operational Support:

- Provide financial insights and recommendations to support operational decisions and strategic initiatives.
- Collaborate with department heads to manage departmental budgets and financial performance.
- Team Management:

- Supervise and mentor the finance team, including accountants and financial analysts.
- Conduct performance evaluations and provide training and development opportunities.
- Stakeholder Communication:

- Liaise with external stakeholders, including owners, investors, and regulatory agencies.
- Present financial reports and analyses to senior management and ownership.

Qualifications:

- Education:

- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. A Master’s degree or MBA is a plus.
- Experience:

- Minimum of 7 years of experience in financial management, with at least 4 years in a managerial role within the hospitality industry.
- Proven experience in budgeting, forecasting, financial analysis, and reporting.
- Skills:

- Strong analytical and problem-solving skills with the ability to interpret complex financial data.
- Proficiency in financial software and accounting systems (e.g., QuickBooks, Microsoft Excel, restaurant management software).
- Excellent organizational and time-management skills.
- Strong attention to detail and accuracy.
- Certifications:

- Professional certification (e.g., CPA, CMA) is preferred but not required.
- Personal Attributes:

- Strong leadership and interpersonal skills with the ability to work collaboratively with different departments.
- High level of integrity and ethical standards.
- Ability to work under pressure and meet deadlines.
- Knowledge:

- In-depth knowledge of financial regulations, accounting principles, and best practices in the hospitality industry.

Familiarity with standalone restaurant operations and revenue management

Pay: AED10,000.00 - AED15,000.00 per month

Application Deadline: 30/10/2024



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