Ideal Standard International Egypt
Financial Manager (F&B)
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Job Description
- Prepare annual budgets, financial forecasts, and long-term financial plans.
- Produce accurate monthly, quarterly, and annual financial statements.
- Present financial performance, risks, and recommendations to senior management.
- Analyze actual performance against budget and explain material variances.
- Prepare profitability reports by restaurant, branch, menu category, and revenue channel.
- Develop financial models for new branches, concepts, and investment opportunities.
- Monitor food cost, beverage cost, payroll cost, operating expenses, and gross profit margins.
- Establish cost-control procedures without compromising food quality or guest experience.
- Review recipe costing, portion costs, menu pricing, and menu profitability.
- Identify waste, spoilage, leakage, excessive discounts, and unusual consumption patterns.
- Work closely with Operations, Procurement, and Executive Chefs to improve margins.
- Track key restaurant indicators, including average check, covers, table turnover, and revenue per seat.
- Supervise general accounting, accounts payable, accounts receivable, treasury, and cash management.
- Ensure the accurate reconciliation of daily sales across POS systems, cash, credit cards, online platforms, and delivery applications.
- Review daily revenue reports, void transactions, complimentary items, discounts, and refunds.
- Maintain effective controls over restaurant cash, petty cash, inventory, and fixed assets.
- Ensure accurate month-end and year-end closing within the agreed deadlines.
- Maintain complete and organized financial records for audits and management review.
- Monitor inventory levels and conduct regular physical stock counts.
- Reconcile actual inventory with system records and investigate variances.
- Review purchase prices and supplier agreements in coordination with Procurement.
- Control receiving, storage, issuing, transfers, and consumption processes.
- Monitor high-value and sensitive items, particularly premium food products, beverages, and operating supplies.
- Partner with the CEO, Operations Director, Restaurant Managers, Chefs, Procurement, HR, and Marketing teams.
- Evaluate the financial impact of promotions, events, loyalty programs, and marketing campaigns.
- Support decisions related to menu engineering, supplier selection, expansion, and capital expenditure.
- Conduct feasibility studies for new restaurants and renovation projects.
- Provide timely commercial advice while maintaining strong financial governance.
Requirements & Qualifications
- Fluent in English Language.
- F&B & Restaurants background is a MUST.
- Strong commercial and financial judgment.
- High attention to detail and accuracy.
- Excellent analytical and problem-solving skills.
- Strong leadership and team-management capabilities.
- Ability to challenge operational decisions professionally and constructively.
- Integrity, confidentiality, and a strong control mindset.
- Ability to work under pressure and meet strict reporting deadlines.
- Strong communication, negotiation, and presentation skills.
- Understanding of luxury hospitality standards and guest-experience priorities.
EGjobank Analysis
Quick Role Summary
Opportunity as "Financial Manager (F&B)" at شركة رائدة located in شيراتون on a Full-Time basis, suited for Fresh Graduate candidates, within Marketing & Sales. Key details from listing: • Prepare annual budgets, financial forecasts, and long-term financial plans. • Produce accurate monthly, quarterly, and annual financial statements. • Present…
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