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Senior Financial Manager

4 months ago

Alexandria, United States TalentRemedy Full time

Our client is looking for a critical-thinking Senior Finance Manager in the hospitality industry who is interested in cash management as well as financial reporting and analysis, has strong communication and adaptability skills and is very detail oriented and technically savvy. This exciting new role will contribute to department growth and changes and have responsibilities of transactional accounting coupled with strategy. If you pride yourself in your communication, relationship building and collaboration, this could be the role for you.


Our client owns and operates eleven full-service restaurants (9 unique concepts) in Orlando FL, Alexandria VA, and Washington DC, with the twelfth, a 10 thousand sqft Brewery, opening in Orlando in Q1-25. With over $70M+ sales, strong profitability and very little debt, they have a hyper-local strategy that lets it leverage customer base, community ties, and employees. They were built with one goal in mind: To be the BEST in the nation (not the biggest) by achieving operational excellence, leading with integrity and being transparent.


Understanding that companies with a strong culture & a higher purpose perform better in the long run, the three Founding Partners’ goal was to build the perfect small restaurant company —one that empowers its team members, delights its guests, and gives back to the community in meaningful ways.


Position Summary-

Based in Alexandria, VA they have introduced an exciting new opportunity for a Senior Finance Manager, a strategic team member and key support to the VP of Finance. This role will play a pivotal part in shaping their financial landscape, contributing to crucial areas such as cash management, financial reporting, business analysis, budgeting & forecasting, strengthening internal controls, and serving as a key liaison with their banking institutions.


Reporting to the VP of Finance, this fully onsite role will require a sound financial background, with the ability to navigate accounts, financial information, and key relationships.


Essential Functions -

Key Responsibilities: As a Senior Finance Manager, the primary responsibilities will include the following.


Cash Management:

  • Oversee company cashflow.
  • Verify Cash Receipts and Deposit Transactions.
  • Process timely payment of all vendor and other invoices – Checks, Wire and ACH payments.
  • Monitor cash balances daily and provide recommendations for investing idle funds.
  • Produce cashflow forecasts.
  • Coordinate periodic transfers of funds to/from appropriate accounts & entities.
  • Analyze financial risks and develop mitigation strategies.


Financial Reporting & Analysis:

  • Coordinate the preparation and review of monthly financial statements with their outsourced accounting firm.
  • Generate financial reports, analyze financial information, and provide recommendations to management.
  • Conduct in-depth analysis as needed to investigate budget variances.
  • Review and monitor restaurant budgets to ensure alignment with spending targets, identify cost-efficiency opportunities, and develop strategies to prevent or mitigate expense overages.
  • Prepare monthly financial dashboards including operational highlights, key performance indicators, and financial projections.


Accounting and Finance Policies:

  • In collaboration with the VP of Finance, develop and/or revise accounting and finance policies as needed.
  • Strengthen internal controls as the Finance function grows to protect the company.


Budgeting & Forecasting:

  • Manage the preparation of the annual budget and liaise with the restaurant and management teams to collect data required for budget calculations.
  • Monitor budget to ensure consistency with and support of strategic priorities and perform regular evaluations of actual-to-budget performance and recommend corrective action as appropriate.


Banking & Other Responsibilities:

  • Handle the opening & closing of bank accounts.
  • Business loan application, administration and payment process.
  • Credit applications for new vendors.
  • Other duties as assigned.


Candidate Profile-

  • Bachelor’s Degree and MBA, in Finance or Business preferred.
  • 7+ years of progressive Finance experience, preferably in the restaurant industry.
  • Minimum 2 years of supervisory/management/leadership experience.
  • Detail-Oriented - Has a keen eye for precision and can quickly spot errors or inconsistencies.
  • Critical thinker - Ability to look at the big picture and proactively develop a plan of action.
  • Bias toward action - Has a focus on progress rather than perfection. Breaks things into bite-sized pieces to make progress against larger goals.
  • Driven - Motivated to succeed and get things done at a high level of achievement.
  • Persistent - Demonstrates the ability to “keep at it” even when obstacles or challenges are present; returns to the work at hand after a change of course.
  • Data driven and digitally/technology focused.
  • Ability to deal with conflict effectively, and to manage difficult situations confidently and calmly.
  • Desire and flexibility to assume the roles of individual contributor, team player, and leader simultaneously within the organization.
  • Ability to assess own strengths and weaknesses, seek feedback to improve performance and strive to continuously build knowledge and skills.
  • Genuine passion for the organization's concepts, business, potential, and values. Their employees are the most important asset and that’s reflected in their competitive salary and comprehensive benefits package. They are always looking for individuals with the talent and skills required to contribute to continued growth and success.


Benefits

  • Base salary plus monthly bonus
  • 3 Weeks Paid Time Away, plus 2 Sick Days
  • 401K with employer contribution
  • Medical, Vision, Dental
  • Life Insurance
  • Free Dining privileges across their Restaurant portfolio