Director of Accounting

Momo-Holdings-LLC; New York (NY); On-site; USD 160,000 - 210,000; Full time

Benefits offered by this job

Vision/dental/medical benefits

401k

Paid time off

Flexible spending account

Employee assistance program

Dining discounts

Job summary

Momofuku Holdings LLC is seeking a Director of Accounting to oversee day-to-day accounting, ensure GAAP compliance, and guide strategic financial planning for the group and subsidiaries. This role works closely with the CFO and department leaders to optimize the company’s financial position and reporting accuracy.

The ideal candidate will bring 7+ years of accounting experience, 5+ years in management, and hospitality industry exposure.

Qualifications

• BA degree in accounting or finance required.
• Minimum 7 years of accounting experience; at least 5 years in a management role.
• Restaurant/hospitality industry experience is highly preferred; GAAP knowledge required.

Responsibilities

• Provide visibility into financials for leadership, investors, and operators; identify improvement opportunities.
• Manage annual budgeting and ad hoc forecasting; analyze variances and drive corrective actions.
• Lead maintenance of accounting systems, fixed assets, and depreciation schedules.
• Oversee monthly close, P&L creation, and ad-hoc reporting for board/investors.
• Coordinate annual audit with external CPA firm; ensure tax and GAAP compliance.
• Collaborate with CFO on cash flow modeling and insurance renewals.

Skills

Leadership

Strategic thinking

Communication

Problem-solving

Team management

Education

BA in Accounting

Tools

Excel

Job description

MomofukuMomofuku was founded by chef David Chang in 2004 with the opening of Momofuku Noodle Bar in New York City. Credited with “the rise of contemporary Asian-American cuisine” by the New York Times and named the “most important restaurant in America” by Bon Appétit magazine, Momofuku has restaurants in the New York, Los Angeles, and Las Vegas as well as Momofuku Goods, a line of restaurant-grade products for home cooks.Why Momofuku?At Momofuku, we value our team members and make it a priority to offer competitive compensation packages that encourage longevity with the company and long-term growth. We offer competitive pay and a comprehensive benefits package, including vision/dental/medical, 401k, paid time off, flexible spending account, employee assistance program, and dining discounts, plus more after required wait periods. We encourage our team members to grow and learn and offer many opportunities for personal and career development.The Director of Accounting is responsible for the stewardship of the finances of Momo Holdings LLC & Subsidiaries, ensuring the accuracy of the company’s books and records as well as advising on opportunities to improve the financial position of the business. This role requires oversight of day-to-day accounting, accounting system management, as well as a proactive approach to longer-term financial projects and analysis. They will work closely with the leaders of each department, the CFO, our insurance broker, and our third-party CPA firm. This person must be comfortable and excited about problem-solving, creating and implementing more efficient systems, and eager to work in a highly collaborative environment.RESPONSIBILITIES: Provide visibility into financials and key metrics for leadership, investors, and operators; proactively suggest areas of improvement for other department stakeholders to act upon Manage annual budgeting process and ad hoc forecasting; assess and understand actual-to-budget variances and develop action plans to help remedy issues Design budgets for upcoming restaurants and assess actual-to-budget cost variances with operations and development teams Lead the maintenance and organization of accounting systems Manage the maintenance of fixed assets and accompanying depreciation schedules Oversee financial reporting, including weekly flash reporting, the creation of monthly P&Ls, and ad-hoc reporting for board meetings and other investor requests Maintain cash flow model to assess the company’s ability to take on new projects and provide a clear understanding of its financial position Manage the annual audit process with third party CPA firm Collaborate with CFO on yearly insurance renewal processes Oversee monthly and yearly close processes as needed in accordance with US GAAP, including, but not limited to inventory valuation and sales tax remittance Working with the CFO, ensure tax and GAAP compliance Collaborate with CFO on maintaining and improving a 3-year rolling financial model Lead accounting team in all bookkeeping and reporting related responsibilities Oversee the management of relationships with state governmental agencies Co-manage sales tax, income tax, and commercial rent tax alongside CFO Co-manage insurance audits alongside key stakeholder from the Payroll teamREQUIREMENTS: BA Degree required At least 7 years’ accounting experience At least 5 years management experience Restaurant experience a must Knowledge of GAAP and basic tax principles required Excellent Excel capabilities required Excellent organization, communication, and problem-solving skillsPREFERRED REQUIREMENTS: 7+ years’ accounting experience 5+ years management experience CPA Certification A natural leader with a people-first approach Proven track record building and maintaining strong positive relationships with all key stakeholders (i.e. corporate leadership, operating partners, vendors, project teams etc.)PHYSICAL DEMANDS The physical demands for this position are seeing, hearing, speaking, reaching, frequently lifting up to 25 pounds, occasionally lifting up to 50 pounds, sitting, standing, for 4 to 8 hours, bending, and moving intermittently during working hours. These physical requirements may be accomplished with or without reasonable accommodations.Momofuku is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, creed, religion, gender (including gender identity or expression), pregnancy, childbirth or related medical conditions, sexual orientation, marital status, domestic violence, sexual violence or stalking victim status, ancestry, national origin, alienage or citizenship, age, disability, military or veteran status, genetic information or predisposing genetic characteristic, or other protected status.