13 Nov
|
Red Rhino Brewing
|
Bengaluru
13 Nov
Red Rhino Brewing
Bengaluru
About Red Rhino Brewing Co.
Red Rhino Brewing Co. is a hospitality and brewing business operating across multiple locations, with a portfolio of breweries, restaurants, bars and production facilities. We are looking for a commercially oriented Finance skilled who can drive financial discipline, strengthen internal controls and support business growth through effective financial planning and analysis.
Role Overview The Manager / Senior Manager – Finance will be responsible for overseeing the company's overall financial operations, financial reporting, budgeting, cost management, taxation and statutory compliance across its business units.
The role requires a strong understanding of the F&B; and hospitality business, particularly outlet-level profitability, food and beverage costing, inventory management, procurement controls and operational finance.
The individual will work closely with the leadership team and Operations to translate financial data into actionable business insights and ensure financial sustainability across all locations.
Key Responsibilities
1. Financial Planning & Analysis
- Develop and manage annual budgets, financial forecasts and business plans.
- Monitor revenue, expenditure, profitability and financial performance across outlets and business units.
- Prepare monthly MIS reports, P&L; statements, cash flow statements and management dashboards.
- Analyse financial variances against budgets and identify opportunities for cost optimisation.
- Provide financial insights and recommendations to the management team for business decisions.
2. Financial Control & Accounting
- Oversee day-to-day accounting operations, general ledger, accounts payable and accounts receivable.
- Ensure accurate and timely monthly, quarterly and annual financial closures.
- Establish robust financial controls, approval matrices and accounting processes.
- Monitor inter-company transactions, reconciliations and financial records across multiple legal entities.
- Ensure accuracy of financial statements and maintain proper documentation for audits.
3. F&B; Cost Management & Profitability
- Monitor food cost, beverage cost, liquor cost and overall operational expenses.
- Establish and monitor standard costing, recipe costing, yield management and consumption controls.
- Analyse theoretical versus actual consumption and identify variances, wastage and pilferage.
- Monitor inventory valuation, stock movement, physical stock audits and reconciliation.
- Work closely with Operations, Purchase and Store teams to optimise procurement costs and inventory levels.
- Evaluate outlet-wise contribution margins, EBITDA and overall profitability.
4. Taxation & Statutory Compliance
- Ensure timely compliance with GST, TDS, Income Tax and other applicable statutory requirements.
- Oversee GST returns, reconciliations, tax payments and assessments.
- Coordinate statutory audits, internal audits and tax audits.
- Ensure adherence to applicable accounting standards and regulatory requirements.
- Liaise with external consultants, auditors, banks and financial institutions.
5. Cash Flow & Treasury Management
- Monitor daily cash flows, working capital requirements and fund utilisation.
- Manage cash and banking operations across outlets and business entities.
- Prepare cash flow forecasts and ensure adequate liquidity for business operations.
- Monitor receivables,
payables and payment cycles.
- Establish controls over cash collections, deposits, POS settlements and payment reconciliations.
6. Business Partnering & Strategic Support
- Work closely with Operations, Procurement, HR and Leadership to drive financial efficiency.
- Evaluate new outlet proposals, expansion plans, capital expenditure and investment requirements.
- Develop financial models and feasibility assessments for new business initiatives.
- Identify opportunities to improve margins, reduce costs and enhance operational profitability.
- Drive process improvements and financial standardisation across locations.
Desired Candidate Profile
- CA / CMA / MBA Finance / M.Com or equivalent qualification.
- 6–10 years of relevant experience in Finance & Accounts, preferably within F&B;, hospitality, restaurants, breweries or retail operations.
- Strong understanding of outlet-level P&L;, food and beverage costing, inventory controls and operational finance.
- Hands-on experience in budgeting, forecasting, MIS and financial reporting.
- Good knowledge of GST, TDS, Income Tax and statutory compliance.
- Experience managing finance operations across multiple outlets or legal entities.
- Strong analytical, problem-solving and stakeholder management skills.
- Proficiency in MS Excel and accounting/ERP systems.
Key Competencies
- Commercial and financial acumen.
- Strong understanding of hospitality unit economics.
- Attention to detail and financial discipline.
- Ability to work in a multi-location operating environment.
- Strong communication and business partnering capabilities.
- Ownership, accountability and process orientation.
Pay: ₹85,000.00 - ₹100,000.00 per month
Benefits
- Food provided
- Health insurance
- Paid time off
- Provident Fund
Work Location: In person
📌 Senior Manager / Manager - Finance (F&B/Hospitality) (Bengaluru)
🏢 Red Rhino Brewing
📍 Bengaluru