Finance Manager F&B
Job Summary
The Finance Manager oversees financial operations for the Food & Beverage business, ensuring accurate reporting, cost control, and policy compliance. This role supports management in financial planning, budgeting, and strategic decision-making to drive profitability. They also lead the finance team while collaborating with operations to optimize inventory and operational efficiency.
Responsibilities
- Manage daily finance operations and cash flow
- Prepare financial reports and budgets
- Monitor F&B costs and optimize inventory
- Ensure tax and accounting compliance
- Lead and supervise the finance team
Required Skills
- Bachelor’s Degree in Finance/Accounting
- 5–8 years of experience in F&B/Hospitality
- Strong cost control and financial analysis
- Proficiency in accounting software and Excel
- Leadership and problem-solving skills
Job Details
Key Responsibilities:
- Manage and oversee the daily operations of the finance department including accounts payable, accounts receivable, general ledger, and cash flow management.
- Prepare monthly, quarterly, and annual financial reports and present them to management.
- Monitor food cost, beverage cost, and operational expenses to ensure they are within budget.
- Develop and manage annual budgets and financial forecasts.
- Analyze financial performance and provide recommendations to improve profit margins and cost efficiency.
- Ensure compliance with tax regulations, accounting standards, and company policies.
- Work closely with operations, procurement, and store managers to control costs and optimize inventory.
- Oversee inventory valuation and stock control for food and beverage items.
- Manage cash handling procedures and internal financial controls.
- Coordinate with external auditors, tax agents, and banks when necessary.
- Supervise and guide the finance team to ensure accurate and timely financial processes.
Requirements:
- Bachelor’s Degree in Finance, Accounting, or related field.
- Professional certification such as ACCA, CPA, or equivalent is an advantage.
- Minimum 5–8 years of experience in finance or accounting, preferably in the F&B, hospitality, or retail industry.
- Strong knowledge of cost control, inventory management, and financial analysis.
- Proficiency in accounting software and Microsoft Excel.
- Strong leadership, communication, and problem-solving skills.
- Experience managing multi-outlet restaurants or café chains.
- Knowledge of F&B cost structure and margin management.
- Ability to work in a fast-paced operational environment.
- SAP Finance & Controlling experience (Preferred).