Finance Manager

3 weeks ago

Singapore LRS PARTNERSHIP PTE. LTD. Full time
Roles & Responsibilities

Job Title: Finance Manager (F&B)

Location: Singapore
Employment Type: Full-time

Job Overview

The Finance Manager will be responsible for overseeing all financial operations across multiple F&B establishments, ensuring strong financial control, strategic planning, and compliance with accounting regulations. This role requires a hands-on approach to financial management, including budgeting, forecasting, financial analysis, and cost control, to support business growth and profitability.

Key ResponsibilitiesFinancial Strategy & Planning
  • Develop and implement financial strategies to optimize profitability and ensure sustainable growth.
  • Work closely with senior management to align financial goals with business objectives.
  • Lead the annual budgeting and forecasting processes across all outlets.
Financial Reporting & Analysis
  • Prepare accurate and timely financial reports, including P&L statements, balance sheets, and cash flow statements.
  • Conduct variance analysis and provide actionable insights to improve business performance.
  • Track KPIs, including labor costs, food costs, and operational expenditures.
  • Evaluate cost structures and recommend efficiency improvements to drive profitability.
Cash Flow & Cost Management
  • Monitor daily cash flow and ensure sufficient liquidity for business operations.
  • Oversee cost control initiatives, including supplier negotiations and expense monitoring.
  • Identify opportunities to improve margins and optimize revenue streams.
Compliance & Risk Management
  • Ensure compliance with local tax regulations, accounting standards, and government requirements.
  • Liaise with auditors, tax authorities, and regulatory bodies for financial audits and filings.
  • Implement internal controls to safeguard assets and prevent financial mismanagement.
Payroll & Finance Operations
  • Oversee payroll processing, ensuring timely and accurate salary disbursements.
  • Manage accounts receivable and payable to maintain healthy cash flow.
  • Supervise finance team members, ensuring efficient financial operations across all locations.
Technology & Process Improvement
  • Implement and oversee financial software (e.g., POS integration, accounting systems, ERP).
  • Drive automation and digital transformation in financial processes for efficiency and accuracy.
  • Work with operations teams to improve financial tracking and reporting.
Job RequirementsQualifications & Experience
  • Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.
  • CPA, ACCA, or CFA certification preferred.
  • Minimum 4-7 years of experience in finance management, preferably in F&B, hospitality, or retail.
  • Strong knowledge of Singapore’s financial regulations, tax laws, and accounting standards.
Skills & Competencies
  • Financial Acumen: Strong grasp of financial reporting, analysis, and cost control.
  • Business Partnering: Ability to work closely with different teams (Operations, Marketing, HR) to drive business performance.
  • Tech-Savvy: Experience with financial software (e.g., Xero, QuickBooks, SAP, POS integrations).
  • Analytical Thinking: Ability to derive insights from financial data and make data-driven decisions.
  • Problem-Solving: Proactive approach to financial challenges and cost-saving initiatives.
  • Leadership & Team Management: Ability to lead and develop a finance team.
  • Detail-Oriented: High level of accuracy in financial reporting and compliance.
What We Offer
  • Competitive salary and performance-based bonuses.
  • Opportunity to be part of an exciting and growing F&B group.
  • Dynamic work environment with a focus on innovation and business growth.
  • Career development and leadership opportunities.

Tell employers what skills you have

Forecasting
Financial Management
Tax
ACCA
Variance Analysis
CPA
Payroll
Internal Controls
SAP
Accounting
Xero
Financial Analysis
Budgeting
Accounting Standards
Cash Flow
Financial Reporting

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