Finance Manager

Job Purpose

1. Financial Planning & Strategy

• Develop and implement the group’s financial strategy in alignment with business goals.
• Prepare annual budgets, forecasts, and financial projections for all outlets and business units.
• Provide financial analysis and recommendations to support expansion, pricing, and investment decisions.
• Monitor financial performance versus targets and propose corrective actions.

2. Financial Reporting & Analysis

• Oversee preparation of monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow).
• Consolidate financial reports from multiple outlets or brands.
• Analyze revenue streams, food costs, payroll expenses, and operating margins to identify improvement areas.
• Present financial performance reports and KPIs to senior management.

3. Cost Control & Profitability

• Implement cost control systems across all restaurant operations.
• Monitor food and beverage cost percentages, wastage, and purchasing efficiency.
• Coordinate with procurement, operations, and kitchen teams to ensure cost-effective sourcing and consumption.
• Evaluate menu engineering reports and support pricing strategy decisions.

4. Cash Flow & Treasury Management

• Manage cash flow to ensure adequate liquidity for operations.
• Oversee petty cash, banking transactions, and inter-branch transfers.
• Maintain healthy relationships with banks and financial institutions.
• Optimize working capital and credit terms with suppliers.

5. Accounting & Audit

• Supervise daily accounting operations and ensure compliance with internal controls.
• Ensure proper recording of transactions in line with IFRS/GAAP standards.
• Coordinate with internal and external auditors and resolve audit findings promptly.
• Ensure accurate and timely reconciliation of bank accounts, supplier accounts, and intercompany balances.

6. Taxation & Compliance

• Ensure compliance with UAE tax laws (VAT, Corporate Tax, and other relevant regulations).
• File accurate and timely VAT and tax returns.
• Maintain awareness of changes in financial legislation and advise management accordingly.
• Ensure adherence to statutory requirements and proper documentation for inspections.

7. Team Leadership & Development

• Manage and mentor the accounting and finance team across outlets.
• Set performance KPIs and provide guidance for improvement.
• Develop staff capabilities in financial management and reporting systems.
• Foster a culture of accountability and transparency within the department.

8. Systems & Process Improvement

• Oversee implementation of financial and POS integration systems.
• Streamline accounting workflows to improve accuracy and efficiency.

Qualifications & Experience

• Bachelor’s Degree in **Accounting, Finance, or Commerce** (Master’s preferred).
• **Professional certifications** (CA, CPA, CMA, ACCA) are a strong advantage.
• Minimum **2-3 years of experience** in a **restaurant, hospitality, or retail group**.
• Strong understanding of **F&B cost structures, menu costing, and inventory accounting**.
• Hands-on experience with **accounting and POS systems** (e.g., QuickBooks, FMC).
• Solid knowledge of **UAE VAT & Corporate Tax regulations**.
• Pay: AED15,000.00 - AED20,000.00 per hour