Senior Finance Manager

Jollibee Group of Companies; Pasig; Hybrid; PHP 1,800,000 - 2,400,000; Full time

Job summary

Red Ribbon Bakeshop, Inc. is seeking a Senior Finance Manager in Ortigas, Pasig, to provide financial advisory and control services, drive profitability, and ensure sound decision-making.

The role requires leading budgeting, forecasting, and reporting across RBUs, with strong emphasis on governance and process improvements. The candidate should have a Bachelor's in Accountancy or Finance, preferably CPA or CMA, with 7+ years in FP&A, budgeting, and advisory, including 2+ years of people

Qualifications

• Must have Bachelor's Degree in Accountancy, Finance or related field.
• CPA or CMA is preferred.
• At least 7 years of experience in financial planning, budgeting and management advisory with 2+ years of people management.

Responsibilities

• Drive profitability analysis and identify opportunities for profit maximization.
• Lead financial planning, budgeting, and forecasting across RBUs.
• Oversee financial reporting and ensure alignment with group requirements.
• Manage balance sheet, P&L, and cash flow analysis.
• Provide financial advisory to Finance Head and RBU Heads.
• Develop governance and internal controls across stores.

Education

Bachelor's Degree in Accountancy, Finance or related field

CPA or CMA preferred

Tools

Excel

ERP systems

Job description

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The Senior Finance Manager effectively provides financial advisory and control services in making sound financial decisions to grow revenues, manage profit, gain efficiencies, enhance processes, create policies and achieve overall business objectives.

Profit Management

• Drives all aspects of financial analysis affecting profit. Takes initiatives to identify key issues impacting the business. Recommends opportunities for profit maximization and profit sustainability.
• Identifies profit opportunities and recommend project that seizes the opportunity.
• Translates business strategies into numbers.
• Implements relevant solutions to business problems.
• Provides medium to long term financial strategies that facilitates achievement of objectives.
• Reviews key business strategies to determine long term sustainable growth, long term CAPEX and OPEX requirements.
• Provides and creates store economic model that would best fit in the changing needs of the business.
• Analyzes and interprets financial and business reports and provides insights and recommendations to help facilitate strategic decision-making.
• Reviews and monitors short to medium to long term business health through established indicators and recommends value added inputs on organization, headcount, opening of new stores and other investment.

Financial Reporting and Control

• Manages financial and management reports and ensures alignment of financial reports across RBUs.
• Works closely with JWS on all aspects of financial reporting requirements. Provides direction to JWS on any change in business strategies affecting financial reporting.
• Initiates and drives progressive change in financial reporting.
• Analyzes monthly financial performance and prepares reports on company’s profitability, cash flow situation, assets and liabilities and any information necessary to come up with a sound financial and operational decisions.
• Manages all balance sheet and PandL accounts and works closely with JWS.
• Manages credit and collection of franchisees accounts according to the set guidelines.
• Challenges current accounting procedures and provides recommendations to improve efficiency.
• Aligns finance processes across RBUs.
• Oversees spending across RBUs by monitoring and reviewing OPEX and CAPEX to ensure that these are aligned, within set budget and in accordance with the set policies and guidelines.
• Evaluates and analyzes current OPEX and CAPEX spending process and recommends necessary improvements.
• Creates and maintains financial information database.
• Provides financial advisory services to Finance Head and RBU Heads.
• Develops systems and metrics and provides essential financial planning tools in making key business decisions.
• Maintains and regularly updates new store financial matrix and provide enhancements if necessary to facilitate better decision making.
• Provides 12 month rolling projection and works closely with RBUs in identifying key business risks and opportunities associated with the projection.
• Evaluates viability of projects involving capital spending.
• Develops, conceptualizes and conducts financial trainings to enhance financial competency level of operations and other divisions.
• Conducts store visits to broaden business and operations perspective and to gather concerns/issues on financial results, systems and procedures and provide guidance if necessary.

Budget Management

• Leads budgeting process across RBUs.
• Sets and recommends annual budget targets.
• Ensures timeliness, completeness, and accuracy of the annual budget.
• Provides adequate analytical support for the annual operating plan.
• Provides budget guidelines and ensure alignment of budget process across RBUs.
• Assists budget owners in comprehension of financial results and conduct budget orientation for a better understanding and awareness of the budget process.
• Reviews and recommends budget changes and adjustments to the Finance Head to help manage cost and revenue budget results.
• Consolidates, reviews, and recommends approval of SBU budget.
• Reviews and comments on actual results against budget and provide in-depth analysis to assist top management on decision making.
• Works closely with JWS and gives directions to ensure smooth flow of transactions.
• Provides monthly monitoring and analysis of the actual results vs budget to all divisions.
• Drives continuous improvement of the budget process.
• Develops and strengthens financial governance and internal controls for improved risk management for all stores.
• Identifies preventive measures and recommends business solutions that improve internal control and risk abatement.
• Conducts regular review, identification, and analysis of the effectiveness of key business processes and policies.
• Evaluates current financial and business processes and ensures that sound controls, policies and practices are properly documented, in place and complied with.
• Creates, improves, aligns and recommends financial policies that impact cash management and profit.
• Standardize systems and process to meet or exceed compliance criteria.

People Management

• Develops a team with a right mix of skills and competencies.
• Creates standard of excellence.
• Fosters collaboration and create an atmosphere of trust and dignity.
• Inspires people to commit to the vision and mission of the company.

JOB QUALIFICATIONS

• Must have a Bachelor's Degree in Accountancy, Finance or any related field.
  • Preferably Certified Public Accountant or Certified Management Accountant.
• Must have at least 7 years of overall experience in financial planning and analysis, budgeting and management advisory with at least 2 years of people management experience/ leading a team with at least 2 direct reports.
• Must be amenable to be assigned in Ortigas, Pasig on a hybrid working arrangement with occasional fieldwork.

Red Ribbon Bakeshop, Inc., the hiring entity, is a wholly owned subsidiary of Jollibee Foods Corporation.