Job Description
Job Summary:
The Financial Planning and Analysis (FP&A) Manager will be responsible for conducting comprehensive financial analysis, forecasting, and strategic planning to drive business performance. This role is vital in shaping the financial future of Another Broken Egg Cafe by delivering detailed reports, identifying trends, and making recommendations to improve profitability and operational efficiency. The ideal candidate will have a deep understanding of the restaurant industry’s financial dynamics and be able to synthesize complex data into clear, actionable insights that support key decision-making processes.
Duties & Responsibilities
Strategic Financial Planning & Forecasting
- Develop and oversee long-term and short-term financial forecasts, ensuring alignment with the company’s growth objectives.
- Create detailed annual budgets that include sales, labor, cost of goods sold, and overhead expenses for multiple cafe locations and support center departments.
- Continuously update forecasts based on actual performance and changing market conditions to ensure financial goals remain on track.
In-Depth Financial Analysis
- Analyze key financial data such as revenue trends, food and beverage costs, and operational expenses to assess the profitability of individual cafes and the company.
- Regularly review financial statements (P&L, balance sheet, cash flow) and KPIs to monitor the company’s financial health and provide insights on underperforming areas, as well as growth opportunities.
- Variance Analysis & Reporting
- Perform comprehensive variance analysis by comparing actual results against prior year, forecasts and budgets. Identify the root causes of any discrepancies, whether in sales, labor, or overhead costs, and communicate these findings to senior management in a clear and concise manner.
- Develop actionable recommendations to correct variances and improve financial performance.
Monthly, Quarterly & Annual Reporting
- Prepare and present detailed financial reports that highlight key performance metrics for both corporate and franchise locations.
- Deliver clear, data-driven presentations to senior leadership, offering insights into profitability, cash flow, and financial risk, with the goal of supporting informed decision-making at the executive level.
Support Strategic Business Initiatives
- Partner with cross-functional teams on strategic projects, providing financial insights and analysis to support key initiatives such as new cafe openings, menu innovations, pricing adjustments, and marketing campaigns.
- Assess the financial viability of proposed initiatives and ensure they align with overall company financial objectives.
Cost Control & Profit Margin Optimization
- Identify areas for cost control by analyzing labor efficiency, supply chain costs, and menu profitability.
- Develop and implement strategies to reduce waste, negotiate better terms with suppliers, or optimize scheduling to control labor costs.
- Make data-driven recommendations to enhance profit margins without compromising the quality of the customer experience.
Financial Modeling & Scenario Planning
- Build and maintain complex financial models to simulate different business scenarios and assess potential risks and opportunities.
- Develop models for business cases, investment appraisals, and sensitivity analyses to guide leadership in making informed financial decisions that balance growth with financial sustainability.
Ad Hoc Analysis & Special Projects
- Provide ad hoc financial analysis as needed to respond to emerging business questions or opportunities. Whether it’s a deep dive into regional performance or an analysis of new market entry, deliver timely and precise data insights to support company initiatives and special projects.
Collaborative Stakeholder Engagement
- Work closely with senior leaders across various departments, including Operations, Marketing, and Human Resources, to understand their financial needs and provide guidance.
- Ensure financial reports and analyses are aligned with broader business strategies, offering support in the form of data interpretation, scenario analysis, and strategic insights.
Required Skills and Abilities
- Strong expertise in financial modeling and scenario planning, with advanced proficiency in Excel, financial software tools and data cubes.
- Thorough understanding of financial statements, key performance indicators (KPIs), and the drivers of profitability in the restaurant industry.
- Exceptional communication and presentation skills, with the ability to distill complex financial information into clear, actionable insights for leadership.
- High attention to detail, a proactive approach to problem-solving, and the ability to work independently in a fast-paced environment.
- Experience with cost control strategies, margin optimization, and performance improvement initiatives in a multi-unit environment.
- Ability to thrive in a dynamic and rapidly growing company, balancing long-term strategic planning with day-to-day operational needs
Education and Experience
- Bachelor's degree in finance, Accounting, Economics, or a related field; MBA or CPA preferred.
- 5+years of experience in financial analysis, planning, and budgeting, ideally within the restaurant, hospitality, or retail industry.
Physical Requirements
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at times.
Job Tags
Temporary work,