What are the responsibilities and job description for the Controller position at DBMC RESTAURANTS?
Job Summary:
The Controller will plan and direct the accounting operations of the company.
Supervisory Responsibilities:
The Controller will plan and direct the accounting operations of the company.
Supervisory Responsibilities:
- Oversees the operations of the Accounting Department, which include accounts payable, accounts receivable, bank reconciliations, and payroll.
- Oversees training programs and identifies training needs.
- Financial Reporting:
- Prepare and present accurate financial reports, including profit and loss statements, balance sheets, and cash flow statements.
- Analyze financial data to identify trends and make recommendations for improvements.
- Budgeting and Forecasting:
- Develop annual budgets and forecasts in collaboration with the restaurant management team.
- Monitor and control budget expenditures, ensuring adherence to financial goals.
- Cost Control:
- Oversee inventory and cost management, including food, beverages, and labor costs.
- Implement and maintain effective cost-control procedures to minimize waste and maximize profitability.
- Conduct regular audits of inventory, labor costs, and vendor payments.
- Cash Flow Management:
- Monitor cash flow and ensure the restaurant maintains adequate liquidity.
- Ensure timely payment of bills and manage vendor relationships to maintain good credit terms.
- Payroll and Benefits Administration:
- Oversee payroll processing, ensuring employees are paid accurately and on time.
- Manage employee benefits, including health insurance, retirement plans, and paid time off.
- Compliance and Internal Controls:
- Ensure the restaurant complies with all financial regulations, including tax reporting and payment.
- Develop and implement internal controls to safeguard assets and prevent fraud or financial mismanagement.
- Vendor and Supplier Relations:
- Negotiate with vendors for cost-effective purchasing agreements.
- Ensure timely payment of suppliers and manage relationships to secure favorable terms.
- Financial Analysis:
- Analyze financial statements to identify opportunities for increased efficiency and profitability.
- Provide financial insights and recommendations to the management team for strategic decision-making.
- Team Leadership:
- Lead and supervise accounting staff, if applicable.
- Ensure that the team maintains accurate records and adheres to accounting principles and standards.
- Technology and Systems:
- Manage financial software systems (e.g., accounting software, POS systems) and ensure they are up to date.
- Implement new technologies
- Bachelor's degree in Accounting, Finance, or related field (CPA preferred but not required).
- 3 years of experience in accounting or financial management, preferably in the hospitality or restaurant industry.
- Proficiency with accounting software and Microsoft Excel.
- Strong knowledge of financial regulations and accounting standards.
- Excellent analytical skills and attention to detail.
- Strong communication and interpersonal skills to work effectively with management and vendors.
- Ability to work under pressure in a fast-paced environment.
- Strong problem-solving and decision-making abilities.
- Strategic thinking with a focus on financial efficiency and profitability.
- Leadership and team management skills.
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at times.
- Able to travel as needed.
Financial Controller
Brilliant® -
Donaldsonville, LA
Site Controller
BASF -
Geismar, LA