Food And Beverage Finance Manager

Job description / Role

We are seeking an experienced Finance Manager to oversee the financial operations of our food & beverage business. The ideal candidate will have a strong background in F&B finance, with proven experience in budgeting, financial planning, and cost control. The Finance Manager will play a crucial role in optimizing the company's profitability and ensuring compliance with industry regulations.

Key Responsibilities:
- Oversee daily financial operations, including accounts payable/receivable, payroll, and cash flow management.
- Prepare monthly, quarterly, and annual financial reports, including profit and loss statements.
- Develop and manage budgets, forecasts, and financial models for F&B operations.
- Monitor cost control initiatives to enhance profitability and reduce operational costs.
- Collaborate with the operations team to ensure financial efficiency in procurement, inventory, and pricing strategies.
- Ensure compliance with accounting standards and relevant F&B regulations.
- Provide financial insights and recommendations to support decision-making and business growth.
- Liaise with external auditors, tax consultants, and other stakeholders as needed.

- Bachelor's degree in Finance, Accounting, or related field (CPA or CFA certification preferred).
- 5+ years of experience in financial management, with a strong focus on F&B or hospitality sectors.
- In-depth knowledge of financial regulations and F&B industry practices.
- Strong analytical, communication, and leadership skills.
- Proficiency in financial software and Microsoft Office Suite.
- This role is ideal for a finance professional who is passionate about the F&B industry and is looking to make a significant impact on business performance.

Educational Background:
- Bachelor’s degree in Finance, Accounting, or related field.
- CPA, ACCA, or CMA certification is highly desirable.

Experience:
- 5+ years of experience in financial management, specifically in the F&B or hospitality industry. The candidate should have a deep understanding of F&B business operations, including procurement, inventory management, cost control, and revenue streams.
- Proven experience in budgeting, forecasting, and financial analysis, with an emphasis on cost control and profit optimization.
- Demonstrated success in managing financial operations such as accounts payable/receivable, cash flow management, and payroll within the F&B space.

Skills and Expertise:
- Strong analytical skills to monitor financial performance, identify trends, and provide actionable insights for business improvement.
- Expertise in financial reporting and creating detailed financial models and projections.
- Proficient in financial software (ERP systems, Excel, QuickBooks, or other industry-standard tools) and capable of leveraging financial data to inform decisions.
- Knowledge of F&B cost structures, including food and beverage costing, menu pricing strategies, and labor cost management.
- Compliance & Regulatory Knowledge:
- A strong understanding of accounting standards and compliance, particularly as it relates to the F&B industry.
- Experience with tax regulations, auditing processes, and liaising with external auditors and tax advisors.

Leadership & Communication:
- Strong leadership abilities to manage financial teams and collaborate cross-functionally with other departments such as operations, marketing, and procurement.
- Excellent communication skills to present financial reports and strategic recommendations to senior management and stakeholders.
- Ability to thrive in a fast-paced environment, balancing multiple priorities while driving efficiency and cost-saving initiatives.

Personal Attributes:
- Attention to detail and accuracy in financial reporting and forecasting.
- Problem-solving skills with a focus on identifying inefficiencies and implementing improvements.
- Proactive and adaptable in responding to the evolving demands of the F&B industry, including fluctuations in supply costs and changing customer preferences.
- This combination of industry-specific experience, financial expertise, leadership, and adaptability makes an ideal candidate for the Finance Manager role in the F&B sector.

Salary:
AED 20,000 to 40,000 per month inclusive of fixed allowances.

About the Company

Quest Search & Selection is a specialist recruitment consultancy with over 20 years' experience in sourcing the world's best candidates for the global Retail, FMCG and Hospitality sectors.

With offices in the UK & Dubai, we have an international presence and a global reach. Our recruiters place candidates locally and internationally for a wide variety of roles focusing on the following areas:

Retail Buying & Merchandising, E-commerce & Digital, Food & Beverage, Hotels, Hospitality & Operations, Retail Stores & Operations, HR & Recruitment, Procurement, Supply Chain & Logistics, Sales & Marketing, Technical and New Product Development.

We work in partnership with our clients who range from famous international brands within the Retail, Restaurant, Hotel and Consumer products space. Our reputation is built on our in-depth understanding of the industry and our consultants' skill, knowledge and passion for their sectors.