Assistant Finance Manager -Restaurants

We are hiring for an Assistant Finance Manager role specialized in handling restaurant operations.

Job Title: Assistant Finance Manager – Restaurant Group (Food & Beverage / Hospitality)

Reports to: Group Finance Controller

Position Summary:

The Assistant Finance Manager will oversee the financial management and reporting for a group of entities, ensuring accurate consolidation, compliance, and strategic financial planning. The role requires a qualified Chartered Accountant (CA) with hands-on experience in multi-company accounting, intercompany reconciliations, financial planning, budgeting, and audit management within the food and beverage or hospitality industry.

Key Responsibilities:

1. Financial Management & Consolidation

• Oversee full-cycle accounting for multiple restaurant entities under the group structure.
• Manage intercompany transactions, reconciliations, and consolidated group financial statements.
• Ensure timely month-end and year-end closing across all companies.
• Review general ledger, balance sheet, and profit & loss for accuracy and compliance.

2. Budgeting, Forecasting & Financial Planning

• Develop and monitor annual budgets for each restaurant and the consolidated group.
• Prepare rolling forecasts and variance analysis; identify performance gaps and improvement areas.
• Partner with operations teams to analyze outlet profitability, menu costing, and pricing strategy.

3. Audit, Compliance & Controls

• Coordinate internal and external audits across all group entities.
• Maintain strong internal controls, ensure compliance with VAT, tax, and statutory requirements.
• Prepare audit schedules and ensure timely resolution of observations.

4. Business Support & Strategy

• Act as a financial business partner to the management and restaurant operations teams.
• Support expansion plans, new outlet feasibility studies, and ROI analysis.
• Evaluate CAPEX proposals and monitor project cash flows.
• Provide insights for strategic cost optimization and performance improvement.

5. Cash Flow & Cost Control

• Manage consolidated cash flow planning, working capital, and liquidity across all entities.
• Monitor food, beverage, and labor cost ratios; identify trends and corrective actions.
• Oversee vendor payments, credit control, and ensure adherence to budgetary limits.

Qualifications & Experience:

• Chartered Accountant (CA) qualification is mandatory.
• 7–12 years of progressive finance experience, preferably in the restaurant or hospitality industry.
• Proven experience managing multi-entity / intercompany accounting and consolidation.
• Strong background in budgeting, financial analysis, and audit coordination.
• Proficiency in Dynamics accounting systems and Excel-based financial modelling.

Skills & Competencies:

• Deep understanding of restaurant cost structures (COGS, labor, overheads).
• Strong analytical and consolidation skills.
• Hands-on approach with attention to detail and accuracy.
• Excellent communication and leadership abilities.
• High integrity and ability to manage confidential financial information.

Key Performance Indicators (KPIs):

• Accuracy and timeliness of consolidated financial reports.
• Audit completion and compliance score.
• Budget adherence and variance management.
• Cost optimization and profitability improvement across entities.
• Cash flow stability and intercompany reconciliation accuracy.

Job Type: Full-time

Application Question(s):

• Do you hold a CA(Chartered Accountant) qualification?
• What is your notice period?
• Do you have experience handling F&B - Restaurant industry?
• What are your salary expectation?

Work Location: In person