Director of Finance and Accounting

2 weeks ago

Atlanta, United States Electric Hospitality Full time

Position Overview

The position at Electric Hospitality plays a pivotal role within the company, reporting to a fractional CFO and to the Founder and Chief Executive Officer This role is responsible for overseeing all aspects of the company's accounting and financial operations. The ideal candidate will thrive in a dynamic environment characterized by rapid growth, take charge in establishing and executing financial systems, and play a key role in developing and training a top-tier Accounting and Finance department. The individual should be ready to be groomed for the Head of Finance role within the next 2 years.


Specifically, S/he will be responsible for:


• Leading the accounting and finance function, including the management of any third-party vendors (new partner is RASI) to ensure daily, weekly, and monthly tasks are being completed in a timely and accurate manner; in addition, the Director of Finance & Accounting will need to review month-end income statements and monthly balance sheet account reconciliations. You will have some hands on work to perform as well

• Being a strategic thought partner and playing a critical role in working with the Electric Hospitality leadership team on projects and negotiations, including, but not limited to, providing financial

guidance for potential new locations, designing budgets for upcoming restaurants, assessing actual-to-budget cost variances with operations and development teams, and being a key partner in capital raises and funding efforts

• Assessing current accounting and operational procedures to streamline processes, as well as creating and implementing a company-wide policy and procedure manual to ensure consistency and efficiency in all systems and controls

• Being a key participant in information technology decisions to enhance business and field operations

• Providing necessary reporting and data to the Executive Team, including weekly/monthly/quarterly KPIs and qualitative commentary on financial performance

• Overseeing and leading annual budgeting, planning, and growth modeling processes in conjunction with the department heads

• Utilizing analytical skills to overcome performance-driven challenges, optimize profitability, and promote and encourage business growth

• Managing organizational cash flows and forecasting, analyzing cash daily, and maintaining weekly cash-flow projections to assess the company’s ability to undertake new projects and provide a clear and accurate perspective of the company’s current financial position

• When appropriate, responsible for the building and development of the accounting and finance team, including setting a high standard for new talent, continuous training, and leadership to develop and promote the team; in addition, holding the team accountable to all standards and practices, evaluating and/or following disciplinary procedures when necessary. Initially, there is one Accounts Payable / Office Coordinator; as well as the entire RASI team.


Hybrid role - 2 to 3 days in office (downtown Atlanta)


Requirements:

  • Minimum of 4-year degree, preferably in an accounting or finance-related field
  • Minimum of 4 years experience in Restaurant or Hospitality – POS back office, inventory valuation, COGS theoretical vs. actual analysis, fixed asset accounting
  • Should be highly comfortable with balance sheet analysis
  • Proven track record of trust and support of CEO in a small organization
  • Entrepreneurial spirit: scrappy when necessary without sacrificing controls and reporting
  • This is a working manager position – not everything can be delegated.
  • Ability to work cross-functionally as a service provider to Operations, Culinary, Marketing, and Administration
  • A criminal background check and credit report will be required after acceptance

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