F&B Finance and Accounting Specialist

This is a fully remote position, open to applicants in Jordan.

📋 Description

• Prepare and evaluate monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow).

• Perform financial forecasting, budgeting, and variance analysis.

• Monitor essential financial metrics such as food cost, labor cost, and gross profit margin.

• Analyze and track operational costs, including food, beverage, labor, and overhead, to identify opportunities for improvement.

• Implement financial controls and cost-saving initiatives to enhance profitability.

• Collaborate with kitchen and procurement teams to optimize food inventory levels and minimize waste.

• Oversee daily accounting operations, including accounts payable/receivable, payroll, and tax filings.

• Ensure adherence to local, state, and federal regulations, including sales tax, health regulations, and labor laws.

• Maintain precise and current financial records in accordance with accounting standards.

• Monitor cash flow to guarantee sufficient liquidity for daily operations.

• Manage banking relationships, loans, and credit facilities.

• Prepare cash flow forecasts and manage working capital requirements.

• Implement and uphold restaurant inventory management systems for accurate tracking and valuation of food and beverage items.

• Collaborate with the purchasing team to ensure product pricing and vendor relationships are aligned with financial objectives.

• Assist the restaurant owner/management team in formulating long-term financial strategies.

• Support decision-making by offering financial insights and recommendations regarding menu pricing, expansions, and capital investments.

• Develop financial models for new business initiatives, renovations, or marketing campaigns.

• Collaborate closely with operations and kitchen teams to align financial and operational objectives.

• Train restaurant staff on financial protocols, such as budgeting, invoice management, and cost control practices.

• Ensure timely payroll processing and accuracy in employee compensation.

⛳️ Requirements

• Bachelor's degree in Accounting, Finance, or a related field.

• A minimum of 3-5 years of experience in accounting or financial management, preferably within the hospitality or restaurant sector.

• Strong knowledge of accounting software and POS systems.

• Proficient in Microsoft Excel and financial modeling.

• Solid understanding of restaurant operations, food costing, and inventory management.

• Familiarity with financial regulations and tax laws relevant to the hospitality industry.

• Excellent analytical, problem-solving, and organizational capabilities.

• Strong attention to detail and the ability to meet deadlines in a fast-paced environment.

• Exceptional interpersonal and communication skills.

• Preferred Qualifications: Experience with restaurant management software (e.g., Toast, Square, Upserve).

• Previous experience managing multiple restaurant locations or a chain of restaurants.

🏝️ Benefits

• Competitive salary and performance-based incentives.

• Opportunities for professional growth and development.

• Employee discounts on food and beverages.

• Health and wellness benefits.

• A collaborative and supportive work environment.