Financial Controller - Toronto, Canada - Karahi Point

Karahi Point

Verified Company

Toronto, Canada

1 day ago

Posted by:

Sophia Lee

beBee Recruiter

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:

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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.

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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.

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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.

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Financial Compliance_

Ensure compliance with tax regulations and reporting requirements.
Implement and maintain internal controls to safeguard financial assets.

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Vendor Management_

Negotiate and manage contracts with suppliers.
Ensure costeffective purchasing and adherence to budget constraints.

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General Accounting_

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

month-end reporting packages.

Manage yearend closing processes and manage balance sheet reconciliations.
Ensure HST/GST filings are done on time and accurately.

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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.
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Other_

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

Qualifications and Minimum Requirements:

Bachelor's degree in Finance, Accounting, or related field.
Chartered Professional Accountant designation is preferred.
3+ years of experience as a Finance Manager/Controller.
7+ years of experience in full cycle accounting, financial reconciliation, closing activities, financial

reporting and analysis.