Senior Accountant
6 months ago
**Position Overview**:
**Responsibilities**:
1. **Financial Management**:
- Oversee day-to-day financial operations, including accounts payable, accounts receivable, and general ledger activities.
- Monitor cash flow and manage budgets to ensure optimal financial health of the startup.
- Prepare and present accurate financial statements, reports, and analysis to support informed decision-making.
2. **Food Costing and Inventory**:
- Lead food costing initiatives, working closely with culinary and procurement teams to ensure accurate tracking of food inventory, costs, and margins.
- Analyze food cost variances and provide insights to optimize cost-efficiency and profitability.
3. **Budgeting and Forecasting**:
- Collaborate with the management team to develop and maintain annual budgets and forecasts.
- Monitor actual performance against budgets, identifying trends and recommending strategies for improvement.
4. **Cost Control and Efficiency**:
- Implement effective cost control measures to streamline operational expenses while maintaining quality standards.
- Identify opportunities for process improvements and operational efficiencies.
5. **Financial Reporting and Compliance**:
- Ensure compliance with accounting standards, regulations, and internal policies.
- Coordinate audits and provide accurate financial data and documentation as needed.
6. **Strategic Planning**:
- Provide financial insights and recommendations to support strategic business planning and growth initiatives.
- Contribute to the development of pricing strategies and new revenue streams.
7. **Team Leadership and Development**:
- Manage and mentor junior members of the finance team, fostering their professional growth.
- Collaborate cross-functionally with different teams to align financial goals with overall business objectives.
8. **Process Improvement**:
- Identify opportunities to enhance financial systems, reporting tools, and processes to increase efficiency and accuracy.
**Qualifications**:
- Bachelor's degree in Accounting, Finance, or related field; CPA designation is preferred.
- Minimum of [5] years of experience in accounting, preferably within the food and beverage industry, specifically in restaurants.
- Strong understanding of food costing principles and inventory management in a culinary setting.
- Experience working in startup environments is a plus.
- Proficiency in accounting software and Microsoft Excel; knowledge of restaurant-specific software is advantageous.
- Thorough knowledge of accounting principles, financial reporting, and budgeting.
- Analytical mindset with exceptional attention to detail.
- Excellent communication and interpersonal skills for effective collaboration.
- Leadership abilities with experience in mentoring and guiding junior staff.
- Ability to thrive in a dynamic startup environment, adapting to evolving priorities.
If you are an accomplished Senior Accountant with a background in the food and beverage industry, and you're excited about contributing your expertise to a startup environment, we invite you to apply. Your financial leadership will be instrumental in setting the foundation for our startup's success and growth within the restaurant sector.
Ability to commute/relocate:
- Riyadh: Reliably commute or planning to relocate before starting work (required)
**Experience**:
- Accounting: 5 years (preferred)
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