Financial Controller

A vacancy has arisen for an experienced Financial Controller to lead a team in one of the longest running restaurants in Cardiff. Our business has been around for 40 years and is thriving. Our founder wants to spend more time on developing new projects such as a new sauce label and recipe books and you will be responsible for managing the day-to-day finance and reporting for the business. You will liaise with external accounting partners and report to the owner.

A hands-on Financial Controller in the restaurant business you will play a crucial role in managing the financial aspects of the operation and the next stages of its growth.

You will be responsible for the finance and accounts of 3 restaurants and the future revenue streams coming into the group.

Responsibilities:

Financial Reporting

• Prepare regular financial reports, including profit and loss statements, balance sheets, and cash flow statements


• Provide timely and accurate financial information to management for decision-making

Payroll

• Review HR-related paperwork before submitted for payroll processing.


• Review staff hours on a weekly basis (in our time and attendance system) and prepare information ready for payroll processing.


• Work with managers to ensure they forecast payroll/rota in advance.

Weekly reporting preparation:

• Prepare the weekly overview report for the restaurants.


• Presenting the reports in the weekly meetings


• Liaising with restaurant managers in the matters of daily takings, cashing up, timesheets and payroll documentation


• Organising training for restaurant managers and supervisors

Cost Control

• Monitor and control costs, including food and beverage costs, labor costs, and overhead expenses

• Implement cost-saving measures without compromising quality or customer satisfaction

Cash Management

• Manage cash flow to ensure the restaurant has sufficient funds for daily operations.


• Oversee the handling of cash and ensure proper controls are in place

Budgeting & Forecasting

• Develop and manage the annual budget for the restaurant.


• Create financial forecasts based on historical data and industry trends.


• Monitor and analyze financial performance against budget and forecasts

Accounting & Complianc

• Ensure compliance with accounting principles and standards.


• Supervise and manage accounting functions, including accounts payable, accounts receivable, and payroll.


• Work with external auditors and tax professionals to ensure compliance with regulatory requirements

Inventory Management

• Implement effective inventory control procedures to minimize waste and losses.


• Monitor and analyze inventory levels and costs.

Vendor Management

• Negotiate with suppliers to secure favorable terms and pricing.


• Evaluate vendor performance and identify opportunities for cost savings

Internal Controls

• Establish and maintain internal controls to safeguard assets and ensure the accuracy of financial records.


• Implement and monitor policies and procedures related to financial transactions

Technology & Systems

• Utilize financial management software and systems to streamline processes and improve efficiency.


• Stay updated on technology trends that could benefit the financial operations of the restaurant

Advisory Role

• Provide financial guidance and insights to senior management for strategic decision-making.


• Participate in the development and implementation of business strategies

As the hands-on Financial Controller you will need to be detail-oriented, possess strong analytical skills, and have a deep understanding of the unique financial challenges within the food and beverage industry. You must also be adept at communication and collaboration with other departments to ensure overall business success. Specifically, you will be collaborating with the restaurant managers and training them in the new controlling processes and procedures.