Financial Controller

Employer
www.karahipoint.com
Location
North York, Ontario
Salary
80,000-85,000
Posted
May 15, 2024
Closes
June 14, 2024
Job Type
Full-time
CPA status
CPA Member

Job description

Financial Controller

Company Overview:

At Karahi Point, we build careers around great food! Our purpose and passion are to create the best place for families to eat and enjoy! Started in 2014 in a small place with only 5 seating capacity, Karahi Point has now 12 locations under the same banner in less than 9 years. We are a chain of restaurants renowned for our delicious food, best customer service and in providing the best work culture for our team members.

Job Overview:

The Financial Controller will be responsible in overseeing the daily accounting activities and transactions for the monthly closing process to maintain the integrity and reliability in preparing monthly financial statements. This position reports directly to C.E.O. and responsible in the formulation of internal controls and policies to comply with guidelines and established best practices. In case you are passionate, available full time and looking for a long-term bright career in food hospitality industry, then Karahi Point is a place for you. Let’s talk!

Responsibilities and Duties:

Financial Planning and Analysis

- Develop and manage budgets for restaurant operations.

- Provide financial insights to support menu pricing and cost control measures.

Budgeting and Forecasting

- Lead the budgeting process, considering sales forecasts and operational requirements.

- Monitor actual financial performance against budgets.

Financial Reporting

- Preparation and presenting of monthly financial reports for management review.

- Identify and resolve discrepancies between various financial reports.

- Ensure compliance with accounting standards and restaurant financial regulations.

Cost Control

- Monitor and control operating costs, including food and beverage costs.

- Implement strategies to optimize cost efficiency without compromising quality.

Cash Flow Management

- Manage daily cash flow and banking transactions.

- Optimize cash handling procedures and ensure financial liquidity.

Financial Compliance

- Ensure compliance with tax regulations and reporting requirements.

- Implement and maintain internal controls to safeguard financial assets.

Vendor Management

- Negotiate and manage contracts with suppliers.

- Ensure cost-effective purchasing and adherence to budget constraints.

General Accounting

- Manage the full accounting cycle including receivables, payables, expenses, operating budgets,

month-end reporting packages.

- Manage year-end closing processes and manage balance sheet reconciliations.

- Ensure HST/GST filings are done on time and accurately.

Management of Finance Department and Process Improvement

- Provide leadership, training and development to accounting staff.

- Lead team initiatives to implement continuous process improvements and automation within finance

department and other departments.

- Evaluate potential steps to reduce inefficiencies, chances of errors, and delays.

- Improve on existing and create worksheets and dashboards that assist with analysis and decision-

making.

Other

- Undertake special projects from time to time as directed by the CEO and Senior Leadership Team.

Qualifications and Minimum Requirements:

- Chartered Professional Accountant designation is a must.

- 3+ years of experience as a Finance Manager/Controller.

- Working experience in big four accounting firms (Deloitte, EY, KPMG and PwC) will be an asset and will be preferred.

- 7+ years of experience in full cycle accounting, financial reconciliation, closing activities, financial reporting and analysis.

- Bachelor’s degree in Finance, Accounting, or related field.

- Knowledge of restaurant financial management principles.

- Familiarity with point-of-sale systems and restaurant-specific financial software.

- Strong analytical and problem-solving skills.

- Excellent communication and interpersonal skills.

- Ability to work in a fast-paced and dynamic environment.

Work Location and Work Schedule:

- On-site (Office in North York Restaurant location).

- 40 hours/week (5 days/week).

Job Type: Full-time

Schedule:

 

  • 8 hour shift

 

Experience:

 

  • financial controller: 3 years (required)
  • big four accounting firms: 2 years (required)

 

Licence/Certification:

 

  • Chartered Professional Accountant (CPA) (required)

 

Work Location: In person

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