Controller

Found in: beBee jobs US - 2 weeks ago

Los Angeles, California, United States Park Hospitality Full time

We are a small, growing group of neighborhood bars and restaurants with a strong sense of community and hospitality. Our first venue, Wolf and Crane, is a Japanese whisky and cocktail bar in Little Tokyo that just celebrated its 10-year anniversary. On Sunset in the heart of Echo Park, we operate Bar Flores, a female-centered and latin inspired cocktail bar, Lowboy, a neighborhood bar with everything you could want, easy atmosphere, good drinks, and delicious smash burgers, and most recently, Donna's, an East-coast inspired, Italian red-sauce joint that feels like a nightly dinner party. In all of our venues we strive to create comfortable spaces where our guests feel at home.

We are looking for an experienced financial controller, ideally with prior California hospitality experience, to undertake all aspects of financial management as well as development of internal control policies and procedures. To be successful in this role, you should have in-depth knowledge of Generally Accepted Accounting Principles (GAAP).

Responsibilities:

1. Financial Administration: Conduct all cash handling and reconciliation, check writing, daily sales reconciliation, invoice processing, accounts receivable and payable, payroll processing, license and permit renewals, and more.
2. Financial Reporting: Prepare and analyze monthly, quarterly, and annual financial statements for each bar and restaurant location, ensuring accuracy and compliance with local, state, and federal regulatory requirements.
3. Budgeting and Forecasting: Develop and manage budgets and forecasts, along with variance analyses, for each bar and restaurant, collaborating with operational teams to align financial goals with business objectives.
4. Cost Management: Monitor, track and analyze costs related to food, beverage, labor, and overhead, identifying areas for cost reduction and efficiency improvement.
5. Cash Flow Management: Manage cash flow, including monitoring cash balances, forecasting cash needs, and optimizing cash utilization across restaurant locations.
6. Financial Analysis: Conduct financial analysis to support decision-making, such as pricing strategies, menu development, and expansion opportunities.
7. Internal Dashboards: Establish and maintain daily, weekly, monthly, and annual reports to help management easily digest financial performance, track and monitor KPIs, and more easily allow stakeholders to make operational decisions.
8. Internal Controls: Establish and maintain robust internal controls to safeguard assets, ensure compliance with policies and procedures, and mitigate financial risks.
9. Tax Compliance: Coordinate with external tax advisors to ensure timely and accurate tax filings and compliance with all applicable tax laws and regulations.
10. Audit Support: Facilitate audits by providing documentation, explanations, and support to external auditors as needed.
11. Vendor Management: Negotiate contracts with vendors and suppliers to optimize terms and pricing, ensuring cost-effectiveness and quality of goods and services.

Requirements:

  • Bachelor's degree in Accounting, Finance, or related field; CPA designation preferred.
  • Minimum of 5 years of progressive experience in accounting or finance roles, preferably in the restaurant industry.
  • Strong understanding of financial principles, budgeting, and financial analysis.
  • Proficiency in accounting software (e.g., QuickBooks, Xero) and Microsoft Excel.
  • Excellent communication skills with the ability to present financial information to non-financial stakeholders.
  • Proven leadership skills with the ability to motivate and develop a high-performing team.
  • Detail-oriented with strong analytical and problem-solving abilities. We thank all applicants for their interest, but only those selected for an interview will be contacted.

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