Careers



Controller

Summary

The Controller at KNEAD is responsible for owning the day-to-day management of accounting operations of our organization and all entities managed by KNEAD. The Controller will play a key role in the long-term business planning and management of our financial systems, while maintaining detailed record keeping in all financial and administrative areas. The Controller is also responsible for strategic thinking in the management of all accounting systems, projects and reporting. The Controller will work closely with the Principals and restaurant leadership/executives to ensure long term financial success while also working in tandem with FOH and BOH leaders within individual restaurant to improve daily business operations.

Responsibilities

The Controller will oversee and be responsible for accounting functions of the company. The Controller will have direct responsibility for the following areas:
• Corporate accounting
• Restaurant accounting
• Internal controls
• Cash management
• Tax compliance and planning
Specifically, the Controller will:
• Manage internal/external corporate accounting staff and restaurant accounting support and processes, including accounts payable, accounts receivable, payroll, sales and general ledger.
• Evaluate and manage outsourced accounting relationship, cost structure and viability as KNEAD grows. Determine optimum workload for external accountants and resulting costs to achieve improved cost structure and savings
• Ensure accounting processes are designed with adequate checks and controls. Implement and ensure compliance with processes and procedures on restaurant and corporate levels, including but not limited to reconciliations, reviews, analysis and reports.
• Accountable for the timely & accurate analysis of budgets, financial reports/trends, etc., to be used by others in making sound financial/business decisions.
• Manage period close process through financial statement preparation ensuring activity is properly recorded in accordance with GAAP.
• Provide teams with accurate and timely financial reports (P&L, Balance Sheet) on a regular basis (daily, weekly and periodically).
• Accountable for the optimization of the handling of Eagle Bank relationship.
• Oversee the company's cash flow process, reporting and communication.
• Provide accurate financial reports and run financial analysis to improve daily operations of all the Company’s operations.
• Create quarterly investor reporting emails on financial results of prior quarter.
• distribute K-1s and required reporting to investors.
• Participate in daily bookkeeping and management of the corporate office.
• Weekly reconciliation of petty cash and bar banks at each restaurant.
• Analyze balance sheet and income statement accounts.
• Control budget process, preparing templates and coordinating efforts of restaurant managers.
• Review monthly, quarterly, and annual sales tax, property tax, income tax and other tax returns. Resolve sales use and other tax issues.
• Ensure inter-company transfers and activity are properly recorded, reconciled and settled timely.
• Ensure commissary transfers are streamlined and managed properly between entities
• Ensure accuracy of day-to-day accounting, including Flash reporting system.
• Work to directly manage the overseeing of A/R, A/P, coding of purchases, inter-company accounting, reconciling statements and producing invoices.
• Participate in the strategic development of the Company’s annual budgets.
• Work to improve flow of data and reporting to individual operations.
• Provide strategic financial advice/knowledge & leadership to resolve business challenges & decisions impacting the Company, i.e., evaluation of partner financial contracts, etc.
• Stay up to date with changes in systems, processes, policies and procedures as they relate to new accounting standards, regulatory changes, changes in business strategy, operations changes and business initiatives.
• Coordinate, communicate and collaborate with all Company operators to stay up to date on all financial operations and initiatives.
• Work closely with Executive Leadership to ensure that all Company businesses are operating efficiently and to the standards of Company to maintain high profitability.
• Work with Executive Leadership to develop and implement processes to improve best practices within all the Company’s businesses.
• Work closely with both FOH and BOH managers to drive knowledge of how daily operations impact overall profitability for all businesses and help operators create best practices to ensure high level financial success.
• Establish and maintain internal controls.
• Attend and lead monthly P&L reviews for each entity and follow up with Regionals and Corporate Chef on action plans for improvement in subsequent periods.
• Provide KNEAD rollup analysis and review in monthly period financial review.
• Teach restaurant finance class twice annually to managers and chefs.
• Manage accounting policies and procedures and lead efforts to change initiatives and process improvements
• Collaborate with management to initiate special projects and compile related reports to help guide and improve business operations.
• Manage daily cash monitoring and transfers.
• Coordinating with outside accountants in preparation of year-end financial statements and tax
• returns.
• Constantly evaluate and improve operational structure with respect to purchasing in all areas as well as invoice reconciliation and accountability.
• Evaluate contracts with vendors to ensure economies of scale and streamlining among entities.
• Supervise and develop a strong, performance-oriented accounting team, capable of actively and effectively engaging and growing with the business
• Align with company objectives & establishes challenging individual & departmental goals
• Create a robust team culture built on strong communication & development across the organization.
• Recruit, hire, train and apply performance management
• Develop enhanced department processes to effectively meet business need
• Support the development of team members & groom high potential employees for continued growth opportunities.
• Conducts one on one meetings with staff
• Actively evaluate team performance in support of company goals and make improvement when/where needed
Requirements
• BS degree
• Retail or restaurant experience
• Prior Controller experience
• Total professional experience at least 10 years
• Strong management supervisory skills, process improvement skills, communication skills, organization & time management skills.
• Willingness to work with operations to improve profitability
Specific job duties
• Weekly:
o AP review & management, including positive pay
o Payroll review & management
o Operational support
o Cash management (transfers, monitoring, etc.)
o Intercompany monitoring
o Accounting group oversight
• Monthly:
o Period close with P&Ls, balance sheets and consolidations
o G&A review
o Balance sheet reconciliation monitoring & management
o Operational analyses
o Bank Reconciliations
o Capex review
o Corporate card allocation
o Gift card accounting & reporting
• Quarterly:
o Investor reports
o Operational audits
o Income taxes
• Annual:
o Budget support/leadership
o Financial audit
o Income taxes
o K1 management
• Special projects:
o New restaurant support, budgeting and accounting
o Process improvement
o Construction In Progress Reports
o Critical Path Summary



Department:Sous Chef


Knead HD is an Equal Opportunity Employer.
   o KNEAD Hospitality + Design is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, or national origin.

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