Techincal Accounting Manager

Specialty Restaurants Corporation; Costa Mesa (CA); On-site; USD 115,000 - 130,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401k with employer match

Job summary

Specialty Restaurants Corporation is seeking a Technical Accounting Manager to own the monthly close, ensure GAAP compliance, and answer complex accounting questions for multiple hospitality entities. You will lead a small team and work directly with the Controller.

Responsibilities include close processes, journal entries, financial reporting, and audit coordination. Experience with ASC 842 and restaurant development accounting is highly valued.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 5–7 years of progressive accounting experience with ownership of the month-end close.
• Restaurant, hospitality or multi-unit operating experience preferred.
• Strong US GAAP knowledge, including ASC 842.
• Experience researching complex issues and writing well-supported accounting memos.
• Experience supervising accounting staff and managing workflows.

Responsibilities

• Own the monthly, quarterly and annual close; manage close calendar and reporting deliverables.
• Prepare and review journal entries, accruals and balance sheet reconciliations.
• Review monthly financial statements and flux analyses for management.
• Prepare audited financial statements and lender reporting; support audits and tax work.
• Lead ASC 842 lease accounting tasks and development-related accounting.
• Partner with Operations to analyze performance and bolster profitability.

Skills

Month-end close

Financial reporting

US GAAP

Leadership

Advanced Excel

BI tools

Education

Bachelor's degree in Accounting or Finance

Tools

Restaurant365

Job description

Techincal Accounting Manager# Techincal Accounting ManagerSupport Center - Costa Mesa, CA 92626## OverviewSalary Range$115,000.00 - $130,000.00 Salary/yearPosition TypeFull TimeJob ShiftDayEducation Level4 Year Degree## Description**About Us:**Specialty Restaurants is a leader in the hospitality industry, managing iconic restaurants and event spaces across the country. Our portfolio includes some of the most celebrated dining destinations, each offering exceptional cuisine, breathtaking views, and a memorable guest experience. In addition to our diverse restaurant concepts, SRC also manages an extensive real estate portfolio, including prime waterfront properties and landmark locations. Specialty Restaurants has a rich legacy that also extends into aviation, with roots tracing back to our founder. This history continues to inspire us in our pursuit of innovation and excellence in all areas of our business. We are dedicated to delivering extraordinary guest experiences and upholding our commitment to quality and service across our properties.## ## **Position Summary**The Technical Accounting Manager owns the month-end close and is the company's go-to resource for complex accounting questions. Reporting to the Controller, this role leads a team of three, keeps the books GAAP-compliant across restaurant and development entities, and turns technical guidance into plain-language answers for Operations and leadership.It suits a hands-on accountant from multi-unit restaurants or hospitality who wants to own both the technical calls and the close.**Top-notch Benefits:*** Competitive salary in the range of **$115,00-$130,000 plus bonus**annually depending on experience* Benefits including vacation pay, medical, dental and vision insurance* Lifestyle Spending Account, this benefit supports you and your family in numerous ways such as through gym memberships, child care, groceries, student loans & more!* Weekly lunches provided on site Mondays-Wednesdays* Company dining package with allotted spending amount each month* Variety of Supplemental Benefit Plans for life's unknowns* 401k with annual employer match after 12 months* Employer paid life Insurance throughout the length of employment* Paid/Floating holidays for 10 major holidays* Education Assistance Program (EdAP) for hospitality related education growth* Employee Assistance Program (EAP) to assist with work life balance* Management Referral Program with up to a $4,000 payout for qualifying management**Employment Classification-** Salaried, Exempt## **Key Responsibilities**### **Month-end close & financial reporting*** Own the monthly, quarterly and annual close against a published close calendar; track and communicate any slippage* Prepare and review journal entries, accruals and balance sheet reconciliations; resolve reconciling items promptly* Review monthly financial statements and supporting schedules; deliver flux analysis that explains the \"why\" to management* Prepare the annual audited financial statements, including the statement of cash flows and footnote disclosures* Prepare lender reporting, including debt covenant calculations and compliance certificates* Lead the annual financial statement audit and coordinate requests from auditors, tax advisors and other third parties### **Technical accounting & policy*** Research, conclude on and document non-routine transactions in clear technical memos* Own the accounting policy manual and close procedures; update them as standards and the business change* Monitor new FASB standards, assess their impact and lead adoption* Design and monitor internal controls that safeguard assets and support accurate reporting### **Restaurant & development accounting*** **Leases (ASC 842):** maintain ROU assets and lease liabilities; account for new leases, modifications, renewals, tenant improvement allowances and percentage rent* **New restaurant development:** capitalization vs. pre-opening expense, construction-in-progress, capitalized interest and placing assets in service* **Long-lived assets:** restaurant-level impairment testing, closures and remodels, asset retirement obligations* **Development entities:** [intercompany activity and consolidation of development and property entities]* **Reserves & estimates:** self-insurance, legal and other significant accruals### **Operations support*** Monitor food, beverage, labor and operating costs; flag trends and variances* Partner with Operations leadership to analyze restaurant performance and improve profitability* Support inventory accounting, cost analysis and margin reviews* Explain variances and accruals to restaurant managers in plain, non-technical terms### **Team leadership & AP oversight*** Supervise, mentor and develop the AP Supervisor, Senior Accountant and Staff Accountant* Oversee accounts payable; review and approve select vendor payments for proper coding and approval* Automate manual work and strengthen controls using Restaurant365 and AI tools for research, analysis and workflows* Collaborate with Operations, HR, Payroll, Development and Executive Leadership## Qualifications## **Qualifications**### **Required*** Bachelor's degree in Accounting or Finance* 5–7 years of progressive accounting experience, including ownership of the month-end close* Restaurant, hospitality or other multi-unit operating experience* Strong US GAAP knowledge, including working knowledge of ASC 842* Experience researching complex issues and writing well-supported accounting memos* Experience supervising accounting staff and managing workflows* Advanced Excel (pivot tables, XLOOKUP, INDEX/MATCH) and BI tools### **Preferred*** CPA a plus, not required* Public accounting or audit experience (strongly preferred)* Restaurant365: GL, AP, bank reconciliations and AP automation* Real estate or development accounting experience* Working knowledge of POS, inventory and payroll systems## **Success Factors*** Researches accounting issues independently and lands on a defensible answer* Stays accurate under tight deadlines* Manages multiple priorities in a growth environment where priorities shift quickly* Builds strong, service-oriented relationships across departments* Finds and implements scalable process improvements without being asked* Shows high integrity and sound judgment