Financial Controller

We are currently supporting a high growth business within the Hospitality sector looking for a Financial Controller to join their dynamic team based in Canary Wharf. This role will be reporting directly to the Directors and there is a genuine path to grow to a Finance Director

In this role, you will act as the financial controller for your clients, maintaining accounting records, processing transactions, managing cash flow, and preparing ad hoc financial information. You will also assist with the preparation of statutory accounts.

This role will either suit a Finance Manager/Controller working for a SME or a manager from a small practice looking to develop their career.

Key Duties

• Manage day-to-day company accounts
• Assist with financial planning
• Oversee Budget forecasting and cash flow management
• Management Accounts: Prepare accurate monthly management accounts including full analysis of overheads and balance sheet control accounts (schedules of prepayments, accruals, etc.).
• Flash Reporting: Produce a weekly "Flash Report" to provide a speedy indicator of the previous week’s business performance. This consists of accurate Sales, Cost of Sales, Food & Beverage stock consumption, and accurate wage costs, measured against Budget and Last Year’s performance.
• Assist external advisors with the preparation of information for annual Statutory Accounts, ensuring compliance with relevant accounting standards and deadlines.
• Budgets: Prepare and update client budgets as necessary.

Operational Finance & Cost Control

• Management: Work with Restaurant Managers to control payroll and other costs against the agreed budget plan, highlighting any variances to General Managers on a weekly basis.
• Stock Control: Assist in the design, maintenance, and checking of weekly food, beverage, and consumable stock sheets to ensure consumption reconciles to sales.
• System Reconciliation: Perform monthly reconciliations of purchases and Gross Profit shown in third-party stock control software against accounting records, investigating and correcting any variances.
• Process Improvement: Develop and implement financial systems and processes that improve working efficiency and financial control.

Payroll & Compliance

• Payroll Processing: Analyse and correct the fortnightly/four-weekly payroll for both house and Tronc pay before forwarding to the payroll bureau.
• Check returning payroll to ensure it agrees with authorised amounts. Reconcile accounting records for gross pay, PAYE, and NI deductions to payroll reports.
• Control Accounts: Ensure periodic PAYE and NI payments are correct and reconcile net pay and PAYE control accounts monthly.

Cash Flow & Transaction Management

• Cash Flow: Keep the Directors (and clients) informed of the cash flow situation by producing periodic cash flow reports and managing relationships with suppliers and vendors.
• Purchase Ledger & Banking: Oversee the accounts support & AP team on weekly purchase ledger entries, manage monthly aged creditor reconciliations, and approve monthly payment summaries.