CFO Chief Financial Officer - Edmond, United States - Provision Concepts

Description

2 days ago

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Chief Financial Officer – Provision Concepts

The Chief Financial Officer's role will be similar to a treasurer or controller. They will be responsible for ensuring that the company's financial reports are accurate and completed in a timely manner. They will also manage the company's financial initiatives, including accounting, cash flow, and strategic direction.

Their duties will include but not be limited to:

Financial planning:
Tracking cash flow, analyzing the company's financial strengths and weaknesses, and proposing corrective actions. They will work closely with the Corporate Team on analyzing Profit & Loss Statements and Balance Sheets

Forecasting:
Creating forecasts predicting future growth and needs. Helping prepare Tax Planning for the company and its affiliates

Strategy:
Deciding where to invest company funds, shaping portfolio strategies, and advising on areas like product development, market expansion, and human capital management

Communication:
Communicating with investors, boards, and key stakeholders

Human resources:
Determining accountabilities, communicating and enforcing values, policies, and procedures, and planning, monitoring, appraising, and reviewing job contributions
Overseeing the capital structure and financing options
Preparing current financial reports and summaries
Helping manage issues such as ensuring sufficient cash flow to sustain growth, enhancing working capital, freeing up money tied up in inventory, and determining where to concentrate sales efforts
Establishing and developing relations with senior management and external partners and stakeholders
Reviewing all formal finance, HR and IT related procedures
Oversee the preparation of accurate and timely financial statements in accordance with accounting standards and regulatory requirements
Ensure compliance with local, state, and federal tax regulations and coordinate with externals auditors in the event of an audit
Communicate with CEO, COO, and department heads to ensure financial activity is aligned with overall business strategies and budgets
Present in-depth financial analysis to support strategic decision-making by the executive team
Provide actionable insights on financial performance indicators
Manage and mentor the accounting team, fostering a culture of professionalism, collaboration, and continuous improvement
Facilitate training programs to ensure staff members stay current with accounting principles and industry best practices
Conduct structured performance reviews for all accounting team members
Identify and assess financial risks, developing strategies to mitigate potential adverse impacts
Stay informed about changes in accounting regulations and industry trends to proactively address emerging challenges
Oversee payroll processes, ensuring accuracy and compliance with relevant regulations
Address payroll related inquiries and discrepancies
Ensure adherence to HR policies across the company
Field store level HR concerns and maintain a level of discernment on when it may become necessary to pass off an HR complaint to a 3rd Party
Provide financial information, reports, and respond to inquiries to maintain positive investor relations
Ensure accurate and timely financial reporting for the entire franchisor organization, reflecting the overall financial health and performance
Provide guidance to franchisees on financial reporting requirements
Oversee the accounting for franchisee fees, guiding franchisees on the accounting treatment of fees, including how to record and report them in their financial statements
Manage accounting processes related to royalties, ensuring accurate and transparent revenue reporting
Facilitate audits and ensure compliance with accounting standards, legal requirements, and financial regulations
Develop training programs to educate franchisees on financial best practices, accounting procedures, and compliance practices
Oversee or Review and Approve Restaurant 365 DSS's – Daily
Oversee or Review, Approve, and Pay Restaurant 365 Invoices – Daily
Oversee or Process and Post Payroll - Corporate & Stores – Bi-Weekly
401(k) Updates and Plan Maintenance- Bi-Weekly
Oversee or Review Bank Activity ensuring Matching Data – Weekly
Review or Oversee Reconciliation of All Bank Account Ending Balances – Period
Oversee or Review Food & Bar Inventory Adjusting Entries – Period
Oversee or Review Loan Activity Reconciliation & Adjusting Entries – Period
All Other Closing Journal Entries – Period
Investor Comp Use Calculation & Journal Entry – Period
Gift Card Liability ‐ Calculation, Transfers, Adjusting Entry – Period
Distribute P&Ls & Answer Management Questions – Period and As Needed
Sales and Liquor Tax – Filing & Agency Inquiries – Monthly and As Needed
Fintech New Vendor Submission and R365 Link – As Needed
Enter Pay Changes – As Needed
Update and Maintain R365 Item Database and User Help – As Needed
Microsoft Email Account Set Up & User Help – As Needed
Monitor Branch Tip Outs and Staff Support – As Needed
Investor Distribution Journal Entry – As Needed
Reconcile Other Main Balance Sheet Accounts - Quarterly
Update Juniper Financials and Investor Info – Quarterly and As Needed
Income Tax Returns, K‐1 Distribution Plus Inquiries – Annual and As Needed

Form 1099:
Filing and Distribution - Annual
File for new FEINs and/or State Tax Accounts – As Needed
Other Projects as Assigned – As Needed

Job Description

Chief Financial Officer – Provision Concepts

The Chief Financial Officer's role will be similar to a treasurer or controller. They will be responsible for ensuring that the company's financial reports are accurate and completed in a timely manner. They will also manage the company's financial initiatives, including accounting, cash flow, and strategic direction.

Their duties will include but not be limited to:


Financial planning:
Tracking cash flow, analyzing the company's financial strengths and weaknesses, and proposing corrective actions. They will work closely with the Corporate Team on analyzing Profit & Loss Statements and Balance Sheets

Forecasting:
Creating forecasts predicting future growth and needs. Helping prepare Tax Planning for the company and its affiliates

Strategy:
Deciding where to invest company funds, shaping portfolio strategies, and advising on areas like product development, market expansion, and human capital management

Communication:
Communicating with investors, boards, and key stakeholders

Human resources:
Determining accountabilities, communicating and enforcing values, policies, and procedures, and planning, monitoring, appraising, and reviewing job contributions
Overseeing the capital structure and financing options
Preparing current financial reports and summaries
Helping manage issues such as ensuring sufficient cash flow to sustain growth, enhancing working capital, freeing up money tied up in inventory, and determining where to concentrate sales efforts
Establishing and developing relations with senior management and external partners and stakeholders
Reviewing all formal finance, HR and IT related procedures
Oversee the preparation of accurate and timely financial statements in accordance with accounting standards and regulatory requirements
Ensure compliance with local, state, and federal tax regulations and coordinate with externals auditors in the event of an audit
Communicate with CEO, COO, and department heads to ensure financial activity is aligned with overall business strategies and budgets
Present in-depth financial analysis to support strategic decision-making by the executive team
Provide actionable insights on financial performance indicators
Manage and mentor the accounting team, fostering a culture of professionalism, collaboration, and continuous improvement
Facilitate training programs to ensure staff members stay current with accounting principles and industry best practices
Conduct structured performance reviews for all accounting team members
Identify and assess financial risks, developing strategies to mitigate potential adverse impacts
Stay informed about changes in accounting regulations and industry trends to proactively address emerging challenges
Oversee payroll processes, ensuring accuracy and compliance with relevant regulations
Address payroll related inquiries and discrepancies
Ensure adherence to HR policies across the company
Field store level HR concerns and maintain a level of discernment on when it may become necessary to pass off an HR complaint to a 3rd Party
Provide financial information, reports, and respond to inquiries to maintain positive investor relations
Ensure accurate and timely financial reporting for the entire franchisor organization, reflecting the overall financial health and performance
Provide guidance to franchisees on financial reporting requirements
Oversee the accounting for franchisee fees, guiding franchisees on the accounting treatment of fees, including how to record and report them in their financial statements
Manage accounting processes related to royalties, ensuring accurate and transparent revenue reporting
Facilitate audits and ensure compliance with accounting standards, legal requirements, and financial regulations
Develop training programs to educate franchisees on financial best practices, accounting procedures, and compliance practices
Oversee or Review and Approve Restaurant 365 DSS's – Daily
Oversee or Review, Approve, and Pay Restaurant 365 Invoices – Daily
Oversee or Process and Post Payroll - Corporate & Stores – Bi-Weekly
401(k) Updates and Plan Maintenance- Bi-Weekly
Oversee or Review Bank Activity ensuring Matching Data – Weekly
Review or Oversee Reconciliation of All Bank Account Ending Balances – Period
Oversee or Review Food & Bar Inventory Adjusting Entries – Period
Oversee or Review Loan Activity Reconciliation & Adjusting Entries – Period
All Other Closing Journal Entries – Period
Investor Comp Use Calculation & Journal Entry – Period
Gift Card Liability ‐ Calculation, Transfers, Adjusting Entry – Period
Distribute P&Ls & Answer Management Questions – Period and As Needed
Sales and Liquor Tax – Filing & Agency Inquiries – Monthly and As Needed
Fintech New Vendor Submission and R365 Link – As Needed
Enter Pay Changes – As Needed
Update and Maintain R365 Item Database and User Help – As Needed
Microsoft Email Account Set Up & User Help – As Needed
Monitor Branch Tip Outs and Staff Support – As Needed
Investor Distribution Journal Entry – As Needed
Reconcile Other Main Balance Sheet Accounts - Quarterly
Update Juniper Financials and Investor Info – Quarterly and As Needed
Income Tax Returns, K‐1 Distribution Plus Inquiries – Annual and As Needed

Form 1099:
Filing and Distribution - Annual
File for new FEINs and/or State Tax Accounts – As Needed
Other Projects as Assigned – As Needed

Company Description

With decades of combined professional hospitality experience, nine original concepts, and millions of guests served, Provision Concepts has established itself as one of the premiere hospitality groups in Oklahoma since 2014.

Guests can expect impressive cuisine with evolving menus, casual yet sophisticated atmospheres and genuine hospitality at each of our restaurants.

Provision Concepts doesn't believe in whispering over an elegant meal. We want you to enjoy incredible food, in a comfortable atmosphere that embraces camaraderie. It's our mission to treat every guest and employee like family – that's the PC difference.

Eat, Drink, PC Broadway 10 Sidecar Barley & Wine Bar Hatch Early Mood Food Birra Birra Craft Pizzeria BiBi's Craft Ice Cream Chicken Foot Culprits Riserva Bar + Tapas

With decades of combined professional hospitality experience, nine original concepts, and millions of guests served, Provision Concepts has established itself as one of the premiere hospitality groups in Oklahoma since 2014.

Guests can expect impressive cuisine with evolving menus, casual yet sophisticated atmospheres and genuine hospitality at each of our restaurants.

Provision Concepts doesn't believe in whispering over an elegant meal. We want you to enjoy incredible food, in a comfortable atmosphere that embraces camaraderie. It's our mission to treat every guest and employee like family – that's the PC difference. Eat, Drink, PC Broadway 10 Sidecar Barley & Wine Bar Hatch Early Mood Food Birra Birra Craft Pizzeria BiBi's Craft Ice Cream Chicken Foot Culprits Riserva Bar + Tapas

Seniority level

Seniority level

Executive
Employment type

Employment type

Part-time
Job function

Job function

Finance and Sales
Industries

Hospitality
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