Job Title: Finance Manager (F&B)

Location: Singapore
Employment Type: Full-time

Job Overview

The Finance Manager will be responsible for overseeing all financial operations across multiple F&B establishments, ensuring strong financial control, strategic planning, and compliance with accounting regulations. This role requires a hands-on approach to financial management, including budgeting, forecasting, financial analysis, and cost control, to support business growth and profitability.

Key Responsibilities

Financial Strategy & Planning

• Develop and implement financial strategies to optimize profitability and ensure sustainable growth.
• Work closely with senior management to align financial goals with business objectives.
• Lead the annual budgeting and forecasting processes across all outlets.

Financial Reporting & Analysis

• Prepare accurate and timely financial reports, including P&L statements, balance sheets, and cash flow statements.
• Conduct variance analysis and provide actionable insights to improve business performance.
• Track KPIs, including labor costs, food costs, and operational expenditures.
• Evaluate cost structures and recommend efficiency improvements to drive profitability.

Cash Flow & Cost Management

• Monitor daily cash flow and ensure sufficient liquidity for business operations.
• Oversee cost control initiatives, including supplier negotiations and expense monitoring.
• Identify opportunities to improve margins and optimize revenue streams.

Compliance & Risk Management

• Ensure compliance with local tax regulations, accounting standards, and government requirements.
• Liaise with auditors, tax authorities, and regulatory bodies for financial audits and filings.
• Implement internal controls to safeguard assets and prevent financial mismanagement.

Payroll & Finance Operations

• Oversee payroll processing, ensuring timely and accurate salary disbursements.
• Manage accounts receivable and payable to maintain healthy cash flow.
• Supervise finance team members, ensuring efficient financial operations across all locations.

Technology & Process Improvement

• Implement and oversee financial software (e.g., POS integration, accounting systems, ERP).
• Drive automation and digital transformation in financial processes for efficiency and accuracy.
• Work with operations teams to improve financial tracking and reporting.

Job Requirements

Qualifications & Experience

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
• CPA, ACCA, or CFA certification preferred.
• Minimum 4-7 years of experience in finance management, preferably in F&B, hospitality, or retail.
• Strong knowledge of Singapore's financial regulations, tax laws, and accounting standards.

Skills & Competencies

• Financial Acumen: Strong grasp of financial reporting, analysis, and cost control.
• Business Partnering: Ability to work closely with different teams (Operations, Marketing, HR) to drive business performance.
• Tech-Savvy: Experience with financial software (e.g., Xero, QuickBooks, SAP, POS integrations).
• Analytical Thinking: Ability to derive insights from financial data and make data-driven decisions.
• Problem-Solving: Proactive approach to financial challenges and cost-saving initiatives.
• Leadership & Team Management: Ability to lead and develop a finance team.
• Detail-Oriented: High level of accuracy in financial reporting and compliance.

What We Offer

• Competitive salary and performance-based bonuses.
• Opportunity to be part of an exciting and growing F&B group.
• Dynamic work environment with a focus on innovation and business growth.
• Career development and leadership opportunities.