Finance Manager

1\. Position Overview The Manager (Accounts and Finance) is responsible for overseeing all financial activities of Lofty Donuts and related entities, including accounting, budgeting, cost control, and financial planning. The role ensures accurate financial reporting, effective internal controls, compliance with local laws, and strategic financial guidance to support the company’s growth across multiple branches and central kitchen operations. 2\. Key ResponsibilitiesA. Financial Planning \& Analysis · Prepare monthly, quarterly, and annual financial statements, including Profit \& Loss, Balance Sheet, and Cash Flow reports. · Conduct variance analysis (budget vs. actuals) and provide insights on revenue, costs, and profitability. · Develop and manage annual budgets and rolling forecasts for all branches, central kitchen, and corporate departments. · Analyze branch\-level performance, identifying underperforming areas and cost\-saving opportunities. · Conduct ROI analyses for new product launches, promotions, marketing activities and expansion projects. B. Accounting \& Bookkeeping Oversight · Supervise and review daily accounting entries for sales, purchases, expenses, and payroll. · Ensure timely reconciliation of bank accounts, POS systems, aggregators (Talabat, Jahez, etc.), and petty cash. · Maintain the chart of accounts and ensure consistent posting practices across all branches. · Oversee monthly closing process, ensuring accuracy and compliance with accounting standards. · Liaise with external auditors (e.g., KPMG) and ensure smooth year\-end audits. C. Cost Control \& Profitability Management · Monitor Cost of Goods Sold (COGS), labor cost, and packaging cost percentages versus revenue. · Work with the Operations Team and Procurement team to control wastage, inventory, and purchasing efficiency. · Track and report gross margins per product category (donuts, beverages, savory, sandwiches, cakes, etc.). · Establish and maintain costing sheets and recipe margins for all items produced in the central kitchen. · Implement internal controls to minimize cash leakage and non\-budgeted spending. D. Treasury \& Cash Flow Management · Manage daily cash flow and ensure liquidity to cover operational expenses and supplier payments in timely manner. · Forecast short\- and long\-term cash requirements for expansion, new equipment, and marketing. · Oversee bank facilities, loans, and credit lines, ensuring compliance and optimal utilization. · Prepare weekly and monthly cash flow statements for management review. E. Compliance \& Control · Ensure compliance with Bahrain VAT regulations, and other local tax obligations. · Maintain proper documentation for all financial transactions and fixed assets. · Develop and enforce internal financial policies and SOPs for all departments (purchasing, cash handling, payroll, etc.). · Coordinate with government bodies, auditors, and legal advisors for financial matters. F. Payroll \& HR Coordination · Supervise monthly payroll preparation, ensuring accurate attendance, overtime, deductions and the payment process in timely manner. · Verify staff advances, incentives, and commissions before processing. · Support HR with manpower cost planning, headcount budgeting, and productivity analysis. G. Strategic \& Management Support · Provide the General Manager \& Director of Operations with monthly management reports highlighting financial health and improvement recommendations. · Support decision\-making on new branch feasibility studies, lease negotiations, and franchise models. · Advise management on capital expenditure planning, cost reduction, and profitability optimization. · Train and mentor junior accounting staff to build a strong in\-house finance team. 3\. Qualifications \& Skills Education: * Bachelor’s degree in Accounting, Finance, or Business Administration (Master’s or CPA/ACCA preferred). Experience: * Minimum 5–7 years’ experience in accounting or finance; at least 2 years in a managerial role. * Experience in F\&B, retail, or hospitality industry is highly desirable. Technical Skills: * Proficiency in accounting software (e.g., Tally, or ERP systems). * Strong Excel and financial modeling skills. * Understanding of inventory costing, COGS analysis, and multi\-branch consolidation. Soft Skills: * Analytical and detail\-oriented with strong problem\-solving ability. * Excellent communication and reporting skills. * Strong leadership and team management capabilities. * High integrity, confidentiality, and professionalism. 4\. KPIs (Key Performance Indicators) · Timely submission of accurate monthly financial reports. · Reduction in COGS and labor cost ratio within target limits. · Effective branch\-wise profitability tracking and improvement. · Compliance with audit and tax regulations (zero penalties). · Improvement in cash flow and working capital efficiency. · Improvement in supplier relationship management, ensuring timely payments and strong trust with key vendors. Successful negotiation of better pricing, payments terms, and credit facilities with suppliers to improve cash flow and reduce GOGS. Work Location: In person