Finance manager F&B only

Arbete Careers

Kuwait City

On-site

KWD 1,200 - 1,800

Full time

14 days+

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Job summary

A leading hospitality firm in Kuwait is seeking an experienced Finance Manager to oversee financial operations, including budgeting, reporting, and compliance. The ideal candidate should have 5-7 years of financial management experience, detailed understanding of financial statements, and proficiency in accounting software. This position requires strong analytical and leadership skills to support business growth while ensuring financial discipline and accuracy.

Qualifications

Minimum 5-7 years of financial management experience, preferably in F&B or hospitality.
Strong understanding of financial statements, costing, and budgeting.
Excellent analytical, organizational, and leadership skills.

Responsibilities

Oversee financial operations, budgeting, and compliance with accounting standards.
Monitor performance against budgets and support management with financial insights.
Ensure cash flow stability and oversee payroll accuracy.

Skills

Financial accuracy

Analytical skills

Organizational skills

Leadership

Proficiency in accounting software

MS Excel

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Accounting software

Job description

Position Name :Finance Manager

One of our clients in the restaurant & hospitality industry-a fast-growing, chef-driven café group is looking for an Finance Manager to steer its next phase of expansion. Operating a portfolio of company-owned locations and a central production kitchen, the brand delivers elevated Mediterranean-Italian fare, signature desserts and specialty coffee to a rapidly growing guest base.

Location: Kuwait

Years of Experience: Minimum 5-7 years of financial management experience, preferably in F&B or hospitality.

Education: Bachelors degree in Accounting, Finance, or related field (CPA/ACCA preferred).

Department: Finance & Accounts

Reports To: General Manager / Owner

Supervises: Accountants, Cashiers, Finance Assistants

Notice Period: Immediate joiners or a maximum one-month notice period.

Applicants are requested to apply with their updated resumes and then click the following link to update their details to speed up the process of recruitment.

https://www.arbetecareers.com/Candidate-Portal

Position Summary

The Finance Manager is responsible for overseeing the financial operations of restaurant, including budgeting, financial reporting, cost control, payroll accuracy, and compliance with accounting standards. This role ensures proper financial planning, accurate recording of transactions, and effective cash flow management across all branches and production units. The Finance Manager supports business growth by providing financial insights, controlling expenses, and maintaining strong financial discipline.

Main job description

1. Financial Planning & Budget Management

Prepare annual budgets and monthly financial forecasts.
Monitor actual performance versus budget and highlight areas for improvement.
Support management with financial insights to guide business decisions.
Ensure all departments follow approved budget limits and financial procedures.

2. Accounting & Financial Reporting

Oversee daily accounting operations including AP, AR, GL, and bank reconciliation.
Review and approve all financial documents, invoices, receipts, and payments.
Prepare monthly profit/loss statements, balance sheets, and financial analysis reports.
Ensure accurate and timely closing of monthly and yearly accounts.

3. Cost Control & Expense Monitoring

Monitor food cost, labor cost, utilities, and operational expenses.
Work closely with Operations and Executive Chef to control wastage and optimize cost efficiency.
Develop and enforce cost-saving initiatives across branches.
Review inventory reports, variance reports, and cost breakdowns.

4. Cash Flow & Revenue Management

Ensure proper control of daily sales deposits, cash handling, and branch collections.
Monitor revenue streams and validate branch sales reports.
Ensure cash flow stability to support operational and financial commitments.
Follow up on outstanding customer payments or supplier reconciliations.

5. Payroll & Employee Financial Records

Oversee preparation and accuracy of monthly payroll.
Verify attendance, overtime, deductions, and adjustments in coordination with HR.
Ensure timely salary payments and compliance with labor regulations.
Maintain confidential employee financial records.

6. Supplier Payments & Procurement Coordination

Review and approve supplier invoices after verification of goods/services received.
Coordinate with Purchasing, Operations, and QC for supplier reconciliation.
Manage payment schedules to ensure positive relationships with vendors.
Evaluate supplier contracts for cost effectiveness.

7. Compliance, Audit & Internal Controls

Ensure all financial practices comply with local regulations and accounting standards.
Implement internal control procedures to reduce financial risks.
Prepare for and support external/internal audits.
Ensure proper documentation and secure record keeping of all financial data.

8. Reporting & Management Support

Prepare financial dashboards, KPI reports, and analytical summaries for management.
Provide recommendations to improve profitability and operational efficiency.
Support strategic planning and business expansion decisions with financial data.
Assist GM and management in special financial projects or capital planning.

Qualifications