Job Title: Financial Controller – Food & Beverage / Hospitality
Department: Finance
Reports to: Chief Financial Officer (CFO) or Finance Director
Location: Bahrain
Position Type: Full-Time

Job Purpose:
The Financial Controller is responsible for overseeing the financial health of the organization, with a focus on the unique financial processes in the Food & Beverage (F&B) and hospitality industry. This includes managing financial reporting, budgeting, forecasting, cash flow, and compliance with accounting standards. The role also involves ensuring the efficiency of cost controls, profit margins, and financial performance, supporting operational decisions, and ensuring the organization remains financially stable.

Key Responsibilities:

Financial Reporting & Analysis:
- Oversee the preparation of timely and accurate financial statements (monthly, quarterly, and annual).
- Ensure compliance with hospitality industry-specific accounting standards and tax regulations.
- Prepare detailed financial reports that provide insights into revenue, costs, and profitability for management, including daily, weekly, and monthly P&L (Profit & Loss) statements.
- Perform in-depth financial analysis, including revenue, expense, and margin analysis for F&B operations and other areas of the business.
Budgeting & Forecasting:
- Lead the preparation of annual budgets and forecasts, working closely with the operations team to ensure alignment with company goals.
- Develop detailed projections based on seasonal trends, guest traffic, and sales performance.
- Monitor and track actual performance against the budget, identifying variances and providing recommendations for corrective action.
Cost Control & Profitability:
- Oversee cost control initiatives for food and beverage, labor, and operational expenses to maximize profitability.
- Monitor inventory levels, food cost percentages, beverage costs, and other key performance indicators (KPIs) within F&B operations.
- Work with the operations team to ensure pricing strategies are optimized for profitability without sacrificing guest experience.
Cash Flow Management:
- Oversee cash flow management, ensuring adequate liquidity for daily operations and capital expenditures.
- Supervise accounts payable and receivable, ensuring efficient cash collections and vendor payments.
- Coordinate with banking partners for financial services, including line of credit and cash management.
Compliance & Internal Controls:
- Ensure compliance with local tax laws, labor laws, and hospitality industry-specific regulations.
- Establish and enforce internal financial controls to mitigate risks and safeguard assets.
- Lead external audits and internal reviews, ensuring the accuracy and transparency of financial records.
Team Leadership & Development:
- Lead and mentor the accounting and finance team, including accounts payable, receivable, and payroll personnel.
- Train staff on financial systems and processes, promoting efficiency and accuracy.
- Foster cross-departmental collaboration to ensure financial goals are achieved.

Tax Management:
- Oversee the preparation and submission of all tax filings, ensuring compliance with local, state, and national tax laws.
- Collaborate with external tax advisors to optimize tax strategies and ensure accurate tax returns.
Strategic Support & Decision-Making:
- Provide financial insights to management, supporting strategic decision-making related to new projects, menu pricing, cost reduction initiatives, and capital expenditures.
- Assist in the financial analysis of potential investments or expansion opportunities, such as new locations or acquisitions.
Operational Support:
- Collaborate with F&B and hotel management teams to analyze performance metrics, such as occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and F&B revenue per guest.
- Monitor trends in guest spending patterns and work with the marketing team to adjust pricing, promotions, and offerings.

Qualifications & Requirements:

Education:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field (required).
- CPA, CMA, or other relevant professional certifications (preferred).
Experience:
- Minimum of 5-7 years of experience in financial management, with at least 3 years in the hospitality or F&B sector.
- Proven experience in managing budgets, financial forecasting, and profitability analysis in a fast-paced, service-oriented environment.
- Experience with accounting software (e.g., SAP, Oracle, QuickBooks) and specialized hospitality accounting systems (e.g., MICROS, OPERA, or other F&B-specific platforms) is an advantage.

Skills:
- Strong knowledge of hospitality financial operations, including labor cost management, food & beverage costing, and revenue management.
- Expertise in financial reporting, variance analysis, budgeting, and forecasting.
- Proficiency in accounting software and Microsoft Excel (advanced).
- Strong attention to detail and organizational skills.
- Exceptional communication skills, with the ability to explain complex financial data to non-financial stakeholders.
Personal Attributes:
- High integrity and professionalism in managing sensitive financial data.
- Strong problem-solving and decision-making abilities.
- Ability to thrive in a dynamic, high-pressure environment typical of the hospitality industry.
- Strong interpersonal skills and the ability to work collaboratively across departments.

Finance Controller