Assistant Finance Manager

Job Summary:

The Assistant Finance Manager supports the Finance Manager in overseeing the financial operations of the company, ensuring timely and accurate financial reporting, budgeting, and compliance. This role plays a critical part in maintaining financial discipline, supporting business decision-making, and improving financial processes across multiple outlets, central kitchen, and corporate office.

Key Responsibilities:

1. Financial Reporting & Month-End Closing

• Assist in the preparation of monthly, quarterly, and annual financial statements.
• Manage month-end closing activities, including journal entries, reconciliations, and accruals.
• Ensure accurate and timely reporting of P&L by outlet and business segment.

2. Budgeting & Forecasting

• Support the preparation of annual budgets and periodic forecasts.
• Track actuals vs. budget, investigate variances, and provide analysis to management.
• Collaborate with departments to gather budget inputs and provide financial guidance.

3. Cost Management

• Monitor and analyse key cost components including COGS, labour costs, and overheads.
• Support cost control initiatives and conduct regular reviews with operations and procurement teams.
• Assist in inventory analysis and variance investigation, particularly for food and beverage cost.

4. Audit & Compliance

• Liaise with external auditors during annual audits and ensure proper documentation and compliance with regulatory requirements.
• Ensure proper implementation of internal controls and compliance with financial policies and procedures.
• Review tax submissions and support GST and corporate tax filings.

5. Systems & Process Improvements

• Assist in the enhancement of financial systems and processes for efficiency and accuracy.
• Support finance digitalisation initiatives and ERP system implementation/enhancement.
• Prepare financial reports and dashboards for management decision-making.

Requirements:

• Degree in Accountancy, Finance, or a related discipline.
• At least 4–6 years of relevant experience in finance or accounting, preferably in the F&B or retail industry.
• CPA/ACCA or pursuing certification is preferred.
• Strong analytical skills, attention to detail, and ability to meet deadlines.
• Proficient in Microsoft Excel and financial software (e.g., Navision, SAP, Xero, or similar).
• Good communication skills and ability to work with cross-functional teams.