Chief Accountant

Overview

Designation :– Chief Accountant

Job Purpose :- To lead and oversee the end-to-end accounting and financial operations of multiple restaurant branches, ensuring full compliance with IFRS standards and company policies. This role demands a strategic thinker with strong technical expertise to deliver accurate financial insights, control costs, optimize profitability, and support operational efficiency across the F&B business unit.

Key dimensions of the role :-

• Financial – Budgets, Planning and Forecasting, Revenue, Balance Sheets, Cash flow, Profit and Loss Analysis, Taxation, Feasibility Studies, Ad Hoc Reports.
• Operations – Inventory, Purchases, Pricing and Negotiating skill, Maintenance Contracts, Rental Contracts.
• IT – Oracle, Quick Books, POS Software, Integration of Software etc.

Reporting :-

• Prepare Monthly Closing: Involves Complete Responsibility of Financials with Balance Sheet, Profit and Loss for all the branches, Cash Flow, Trial Balance, A/P & A/R Recon.
• Monthly/Quarterly Performance Reports: Flash Reports, Branch Wise Comparison Reports, Financial Forecasting, Ascertaining Working Capital, Ageing Reports, Operating Cash Flow, Break Even Analysis.
• Annual Financial Budgets: Sales Budget, Payroll Budget, Branch Wise Profit and Loss, CAPEX, Revenue Trends, Covenants and Ratios, Operating Cash, ROCE, SWOT Analysis Etc.
• Feasibility Studies: Pay Back Period Calculation, IRR, ROI, Break Even and NPV.
• Financial Audited: Completely Responsible for the entire Trial balance and End to End tasks with Auditors till LOR and LOS are Issued.
• Taxation: Monthly VAT Return and Corporate Tax.
• Cash Flow: Cash Outflow and Inflow to manage Adequate Funds to Run Operations.

Key Responsibilities/Duties :-

• Supervise financial and accounting processes as per IFRS Standards and ensure adherence to company policy.
• Reviewing the Chart of Accounts, cost centers & Profit Centers Structure in All the Branches.
• Strong Knowledge in IFRS 16 to Maintain the Leases Location Wise.
• Knowledge on Computation of Variable Rent and Fixed Rent.
• Make Sure All the Delivery Channel Contracts are adhered as approved, and Calculation is made Accordingly.
• Extensive expertise in shareholder resolutions and equity ownership matters.
• Proficient in strategic planning and control of CAPEX and OPEX budgets.
• Follow up on Day-to-Day Transactions and Supervise the Petty Cash adherence to company policy.
• Payroll Processing with Guidelines of Head office and having Strong Knowledge on Gratuity Provisions.
• Having Strong Knowledge on Prudence Approach of Accountancy.
• Provide On Job Coaching and Guidance to Team Members and Managing their performance.
• Liaise with all the Suppliers and Negotiate on Pricing as well as the Product.
• Liaise with Cross Functional Teams from BU and Head office for Accounts Related Work.
• Have Strong knowledge on the Transactions of Intergroup Supplies.
• Responsible for Insurance branch wise estimations.
• Liaising with Treasury Team for all Bank Related Queries and ensure smoothness in Banking
• Activities and Visa Card Machines.
• Strong Hold on POS Configuration/Integration and its operations also liaising with the team to ensure Smooth Transactions.
• Strong Knowledge on Cost Control and Inventory Management.
• Plays a key role in negotiating and managing ongoing maintenance contracts for restaurant operations.

Experience :-

• 7–10 years of progressive accounting experience, including minimum 2–3 years in the F&B or restaurant industry.
• Demonstrated expertise in financial reporting, budgeting, forecasting, audit coordination, and statutory compliance.
• Proven experience with accounting Software/ERPs like QuickBooks, Oracle, SAP, or
• Strong hands-on knowledge of restaurant POS systems and their backend financial integration.
• Track record of managing multi-branch financial operations, cost control, payroll, and lease management.

Key Skills and Abilities :-

• Strong analytical and financial acumen with problem-solving orientation
• Proficiency in interpreting and presenting complex financial data in a simplified, business-friendly manner
• Clear, concise, and confident communication skills across functions and levels
• Multi-tasking and time-management skills in high-paced F&B operations
• Excellent negotiation, vendor management, and cross-functional collaboration capabilities

Educational Qualification :-

• Minimum Bachelor’s Degree in Accounting/Finance
• Professional Qualification such as ACCA, CPA, CMA, CIMA, CA etc. will be highly preferred