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Financial Manager (F&B)

- 
Sheraton, Cairo

Financial Manager (F&B)

- 
Sheraton, Cairo
posted 21 days ago

Job Details

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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.

Job Requirements

  • 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.

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