What are the responsibilities and job description for the Controller position at Walk-On's Sports Bistreaux?
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.
