Divisional Financial Controller
- Washington DC
- $120,000-145,000 per year
- Permanent
- Full-time
- Monitor and analyze daily, weekly, and monthly operational costs (food, labor, and overhead costs) across all business units.
- Issue operating cost spending targets to Operations Managers for the week and/or month, track spend against target, and issue reporting of spend vs target to Operations Managers.
- Partner with Operations Managers to ensure operating cost spending is in line to their given target.
- Prepare management reports to Vice President of Operations & Sr Finance Manager and present findings with actionable recommendations.
- Prepare and record accruals for accounts receivable, accounts payable, sales, expenses, and inventory.
- Ensure timely and accurate month-end close processes and financial reporting.
- Own accurateness of P&L and Balance Sheet for Occasions.
- Reconcile key balance sheet accounts and ensure accurate revenue and expense recognition.
- Accounts Payable Administration and Management
- Oversee the end-to-end accounts payable function, ensuring accurate, timely, and compliant processing of vendor invoices and payments.
- Enter invoices into the Accounts Payable system and into Sales Order and Invoicing system (CxP) to ensure accurate billing to clients for Catering Events.
- Manage relationships with vendors and suppliers, addressing discrepancies and ensuring alignment with contractual terms.
- Maintaining relationships with Corporate teams to ensure new vendors & suppliers are set up in Accounts Pable and
- ERP systems in a timely fashion and inclusive of pertinent data and payment terms.
- Help to resolve disputes with suppliers/vendors for misapplied payments or shorted payments.
- Develop and maintain detailed cost/overhead forecasting models for catering operations.
- Work closely with Operations Managers and Sr Finance Manager to flash anticipated operating expenses for the Division for the month.
- Flashes are updated on a weekly basis.
- Support the Senior Finance Manager in developing the annual budget and forecast updates for operating expenses.
- Serve as a financial point of contact for between operations, procurement, OCC senior leadership, and the Restaurant Associates Finance team.
- Communicate and present financial results and guidance clearly to financial and non-financial stakeholders.
- 5-7+ years of progressive hands-on experience in accounting and financial control, with an emphasis on food, labor, and overhead expenses experience, preferably in the Foodservice, Catering, Hotel or Hospitality industries.
- Four (4) year Bachelor’s degree in Finance, Accounting or Economics is required.
- Proven expertise in cost control, forecasting, accounts receivable, and accounts payable management is required.
- Excellent time management skills with a proven ability to meet deadlines.
- Knowledge of inventory and supply chain management, preferably in a foodservice industry
- Strong interpersonal and communication skills.
- Proactive individual, who seeks to continuously learn, take on additional responsibility as needed, and improve processes and procedures.
- Ability to deal with ambiguity and change in a dynamic business environment.
- Proficient in ERP systems (e.g. SAP, NetSuite, or Oracle) and have advanced Excel skills.