Job Description
Hospitality Finance Manager
Performance Expectations

• Leads the development and execution of our Financial Strategy including identifying key areas for business growth/improvement over a 5 year timeline
• Analyses previous years data and macroeconomic trends to forecast financial targets for the coming year in the form of a detailed Annual Financial Plan
• Supports our Team Leaders to manage & constantly improve revenue, Cost of Good (COG) & wage cost metrics in each of their relevant departments
• Constantly analyses our business expenses and identifies areas for saving
• Continually develops and updates our financial systems so that all areas of business performance are accurately measured on a daily, weekly and monthly basis. Provides team training on these systems as required.
• Ensures that all of our different financial systems talk to each other in an efficient and effective manner; streamlining our financial reporting processes & making it transparent to our team
• Develops training modules to increase the financial literacy of our entire team & heroes our Open Book Management (OBM) philosophy
• Works key restaurant shifts to understand the operation of the business

Measures of success

• The business experiences at least 5% net profit growth year on year
• The business improves its combined total COG and wage cost percentage by at least 1% year on year
• The business reduces its average monthly operating expenses year on year; actioning expense savings measures worth at least $25,000 each year
• Our Performance Incentive Program (PIP) targets stretch the team but are achievable; keeping them engaged (achieved 8 out of 12 months per year)
• At any time, all team members can accurately see & understand how the business is performing financially
• Consistently achieving our monthly Staff Cost targets & yearly overall target of 29.5% (before PIP paid out)
• Consistently achieving our monthly COG target of 27.5%
• Consistently achieving our Revenue targets each month

Weekly Habits

• Liaises with Team Leaders & payroll to ensure staff hours & PIP are accurately entered each week
• Supports the Bar Leader & Kitchen Leader to stocktake high value items as required; either daily or weekly
• Ensures all invoices have been accurately entered into Loaded Reports and Xero
• Meets with Team Leaders & GM to support them to manage COG & wage cost metrics in each of their relevant departments
• Ensures that all existing OBM numbers are reported accurately and provides in-depth analysis of how Planned, Forecast and Actual numbers are tracking in relation to each other. Identifies new numbers that would be worthwhile measuring in our OBM meetings.
• Sends a weekly Financial Health Check report to Business Leader & Operations Manager

Monthly Habits

• Develops & updates pay bands for all roles within the business; reports on how pay increases will impact wage cost targets
• Forecasts required staffing levels for FOH & Kitchen teams based on seasonal revenue targets & communicates this to the relevant departments in advance
• Manages the businesses leave liability
• Supports the Bar Leader & Kitchen Leader to complete monthly stocktakes on the 1st of every month
• Captures all marketing spend & ensures it is allocated to the correct codes within Xero each month
• Identifies areas for saving and supports SLT to tender and negotiate better supplier agreements
• Presents a Monthly Profit and Loss Report with analysis to the Senior Leadership Team (SLT); no more than one week after the end of the previous month

Who you work with:
Business Leader: You will work closely with the Business Leader when forecasting targets for the Annual Financial Plan & when reporting on the medium/long term Financial Strategy for the business.
Operations Manager: Through analysis of our key financial metrics you will help the General Manager set monthly priorities for the SLT.
Team Leaders: You will be a source of expertise and advice for Team Leaders wanting to successfully manage COG, wage cost and expenses & drive revenue. You’ll be able to provide them useful, detailed financial analysis so that they can then make day to day operational decisions and tweaks to improve our business.Team Members: You will clearly communicate how the business is performing financially so they feel a part of the business. Through Financial Training Modules you will improve their financial literacy and business acumen - helping them to “think like owners” within the business.
Key systems you will be working with:
Xero
Loaded Reports
Pay Hero
One Tap
Lightspeed
Personal Characteristics
High levels of energy and enthusiasm
Integrity, honesty and discretion; someone who consistently earns and maintains trust
Enjoys meeting, talking and greeting people
Prefers to work within a structure/plan but able to make on-the-spot changes as needed
Very detail-oriented while still able to see the big picture
Documents to-do lists, action plans and SOPs (Standard Operating Procedures); leaves a clear paper trail that others can follow
Good at improvisation and on-your-feet thinking
Actively lives Stonyridge Vineyard’s Guiding Principles and Beliefs
Multi-tasks with grace and good humour
Is an effective team member; able to switch between leading and following as needed
Consistently demonstrates that fun is an important part of the work experience
Guaranteed Minimum of 30 hours per week
Hourly rate: $33 - $37 per hour
Job location: Waiheke Island
Required qualifications:

• NZQF Diploma (ANZSCO Skill Level 2)

At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.
Please note: At least 1 year of hospitality specific Finance experience is required in addition to three years of general Finance experience
Job Types: Full-time, Permanent
Pay: $33.00 – $37.00 per hour
Expected hours: 30 – 40 per week
Schedule:

• Public holidays
• Rotating roster
• Weekend availability

Ability to commute/relocate:

• Auckland City, Auckland: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• Do you have the legal right to work in New Zealand?

Experience:

• Finance: 3 years (Required)
• Hospitality Finance: 1 year (Required)

Application Deadline: 29/11/2024
Expected Start Date: 16/12/2024