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Financial Controller

Founded in 1998, Abitos, has proven itself to be each client’s uniquely trusted counsel for income and estate planning, pre-immigration tax planning, national and international tax, and advisory. 

  

We pride ourselves on building strong relationships with our clients and providing personalized attention to each of them.  And we do this all while maintaining a culture of mutual respect, collaboration, and adhering to responsible business practices.  We value our people and offer competitive benefits, including generous paid time off, 401K matching, and more. 

Our client based in Miami, FL is hiring a Financial Controller to join the accounting team!

Overview:
We are a fast-growing hospitality company seeking an experienced and ambitious Financial Controller to join our dynamic team. This role is ideal for a motivated professional looking to grow within the organization and play a critical role in shaping our financial strategy, optimizing performance, and driving sustainable growth. Reporting to the CFO- the Financial Controller will develop and produce routine summary financial reports required to monitor the financial health of restaurant operations and the company.


Key Responsibilities:

Financial Management: Oversee all financial operations, including budgeting, forecasting, financial reporting, and cash flow management.
Prepare accurate and timely financial statements (P&L, balance sheets, cash flow) for each location and the consolidated group.
Monitor key performance indicators (KPIs) and create dashboards to highlight trends.
Ensure compliance with GAAP and other regulatory standards.

Strategic Planning: Collaborate with senior management to develop financial strategies that align with business goals.

Accounting Oversight: Manage day-to-day accounting operations, ensuring accuracy and compliance with all regulatory and company standards.
Oversee reconciliations of bank accounts, credit card transactions, gift cards, due to/due from   other franchisees and corporate stores.

Cost Control: Identify opportunities for cost savings and efficiency improvements without compromising guest satisfaction or operational excellence.
Develop processes to track and analyze food, beverage, and other direct costs by location.
Partner with procurement to optimize vendor pricing and reduce costs.
Perform menu profitability analyses, highlighting high-margin items and underperforming SKUs. Implement inventory reconciliation practices to minimize shrinkage and waste.

Data Analysis: Provide actionable insights through financial analysis, KPIs, and benchmarking, supporting data-driven decision-making.

Compliance: Ensure adherence to local laws, regulations, and company policies, including tax and audit requirements.

Team Leadership: Lead and mentor the finance team, fostering professional growth and ensuring high performance.
Collaborate with IT on system implementations/upgrades (e.g., R365, POS integrations).
Technology & Systems: Optimize financial systems and tools to streamline processes and improve accuracy.

Qualifications:

· Bachelor’s degree in Finance, Accounting, or a related field; CPA, CMA, or MBA preferred.

· 5+ years of experience in financial management, preferably within the hospitality or F&B industry.

· Strong understanding of hospitality-specific financial metrics and cost structures.

· Proven leadership and team management skills.

· Advance Excel skills

· Proficiency in financial software in various accounting software such as

o   Marketman Inventory and Procurement system

o   7 Shifts

o   QuickBooks online

o   Paychex Payroll System

· Exceptional analytical, problem-solving, and organizational abilities.

· Ability to thrive in a fast-paced, growth-oriented environment.

· Excellent communication and interpersonal skills to collaborate effectively with various departments.

What We Offer:

· Competitive salary and benefits package.

· Opportunities for career advancement in a rapidly expanding company.

· A supportive and inclusive workplace culture.

· Professional development and training programs.

· The chance to make a significant impact on our company’s growth and success.

 

 

 

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What You Should Know About Financial Controller, Crete Professionals Alliance

Are you ready to take your financial expertise to the next level? Abitos, a trusted name in tax planning and advisory services since 1998, is excited to announce that we're hiring a Financial Controller to join our Miami-based hospitality team! In this vibrant role, you'll be at the forefront of shaping financial strategy, optimizing performance, and driving sustainable growth within our dynamic organization. You'll collaborate closely with our CFO, guiding the financial health of our restaurant operations and ensuring we meet our business goals. Your responsibilities will include everything from overseeing budgeting and forecasting to ensuring compliance with various regulations. As our Financial Controller, you will wield your exceptional analytical skills to monitor key performance indicators, provide actionable insights, and implement cost control measures that keep our guests happy and our operations efficient. Moreover, your keen eye for detail will ensure that financial statements are accurate and timely while your leadership will inspire the finance team to perform their best. At Abitos, we pride ourselves on our culture of collaboration, respect, and growth, so if you're an ambitious professional with a passion for finance and hospitality, we want to hear from you! Join us in Miami to make a significant impact within our expanding company, while enjoying a competitive salary and benefits package that includes flexible paid time off and 401K matching.

Frequently Asked Questions (FAQs) for Financial Controller Role at Crete Professionals Alliance
What are the main responsibilities of the Financial Controller at Abitos?

The Financial Controller at Abitos plays a pivotal role in overseeing financial operations including budgeting, forecasting, and financial reporting. This position is responsible for creating accurate financial statements, monitoring KPIs, and ensuring compliance with GAAP. In addition, the Financial Controller collaborates with senior management to align financial strategies with the company's business goals.

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What qualifications are required for the Financial Controller position at Abitos?

To be considered for the Financial Controller role at Abitos, candidates should possess a bachelor’s degree in Finance, Accounting, or a related field, along with CPA, CMA, or MBA credentials preferred. A minimum of 5 years of experience in financial management, especially in the hospitality or food and beverage industry, is essential. Familiarity with hospitality-specific financial metrics and strong leadership skills are also required.

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What skills are significant for a Financial Controller at Abitos?

Successful candidates for the Financial Controller position at Abitos will demonstrate strong analytical, problem-solving, and organizational skills. Advanced Excel proficiency and experience with various accounting software like QuickBooks and Marketman are crucial. The ability to thrive in a fast-paced environment, along with excellent communication skills, will enable effective collaboration within various departments.

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What kind of career advancement opportunities does Abitos provide for Financial Controllers?

Abitos offers substantial career advancement opportunities for Financial Controllers who contribute to the company’s growth. With a commitment to professional development and continuous training, individuals who excel in their roles can expect potential upward mobility within the organization as it expands.

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How does Abitos support its Financial Controllers in achieving their goals?

At Abitos, support for a Financial Controller comes from a strong team-oriented culture and a commitment to collaboration. This includes mentorship and training programs, along with access to advanced financial systems and tools that streamline processes. The organization fosters a respectful environment that allows professionals to thrive and achieve their financial and career goals.

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Common Interview Questions for Financial Controller
How do you manage financial reporting in a fast-paced environment?

In a fast-paced environment, managing financial reporting requires strong organizational skills and the ability to prioritize tasks effectively. I would establish a clear timeline for reporting deadlines and collaborate with team members to ensure everyone understands their responsibilities. Leveraging technology to automate routine tasks can also streamline processes and enhance accuracy.

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Can you describe your experience with budgeting and forecasting?

My experience with budgeting and forecasting involves collaborating with various departments to gather insights and project future financial performance. I typically analyze historical data, industry trends, and operational plans to create comprehensive budgets that align with the company's strategic goals, ensuring accuracy and relevancy in predictions.

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How do you ensure compliance with financial regulations?

Ensuring compliance with financial regulations involves staying updated on applicable laws and regulations while implementing proper internal controls. Frequent audits and reviews of financial practices, along with continuous training for staff, are key to maintaining compliance and fostering a culture of accountability.

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What experience do you have with financial software?

I have extensive experience using various financial software, including QuickBooks, Marketman, and advanced Excel functions. I'm skilled at leveraging these tools for reporting, budgeting, and tracking KPIs, which enhances efficiency and accuracy in financial management.

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How do you approach team leadership and mentoring?

My approach to team leadership is rooted in open communication, collaboration, and empowerment. I believe in fostering an inclusive work environment where team members feel valued and encouraged to contribute ideas. Providing regular feedback and opportunities for professional development is crucial for mentoring effectively.

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What methods do you use for cost control in financial management?

Cost control methods I implement include regular analysis of expenditure reports, tracking KPIs related to costs, and conducting menu profitability analyses. I work closely with procurement to negotiate favorable vendor contracts and develop processes to evaluate and reduce unnecessary expenses.

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How do you analyze financial data for decision-making?

I rely on a combination of quantitative and qualitative analyses when evaluating financial data for decision-making. This includes assessing trends by comparing KPIs against historical performance and benchmarking with industry standards, enabling informed and strategic choices that support overall business objectives.

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What strategic financial initiatives have you implemented in your previous roles?

In previous roles, I've successfully implemented strategic initiatives such as enhancing budgeting processes, optimizing vendor pricing strategies, and establishing comprehensive financial dashboards. These initiatives not only improved efficiency but also provided senior management with actionable insights for better decision-making.

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Describe your experience with cash flow management.

Throughout my career, I have developed strong skills in cash flow management. This includes forecasting short-term cash needs, monitoring incoming and outgoing cash flows, and evaluating financial commitments to ensure liquidity is maintained. I utilize various tools to track cash flow trends and identify any potential shortfalls proactively.

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How do you handle discrepancies in financial reporting?

When handling discrepancies in financial reporting, I adopt a systematic approach by first investigating the source of the issue. I gather relevant data, consult with team members, and perform reconciliations to identify the discrepancy. After pinpointing the problem, I collaborate to implement corrective actions and refine reporting processes to prevent future occurrences.

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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
November 30, 2024

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