Job Purpose:
Business Controller is responsible to oversee the end-to-end financial management of our New Food & Beverage Business. This role is critical in ensuring financial
excellence across operations, supporting business growth, and delivering
insights that drive performance. Business Controller will act as a strategic business partner, balancing strong financial
control with an entrepreneurial mindset to scale the business sustainably.
This
role will work closely with cross-functional teams to align financial
strategies with operational goals, ensuring both profitability and operational
efficiency.
Principal Accountabilities:
Financial
Strategy & Planning:
- Lead the annual budgeting and periodic forecasting
cycles for both our F&B Business operations.
- Develop and implement financial models to assess new
store openings, pricing strategy, marketing ROI, and business expansion plans.
Operational
Expenditure (OPEX) Management:
- Monitor and control operating expenses to ensure
alignment with budgets and cost-efficiency goals.
- Work with operations teams to analyze the cost (e.g.,
labour, utilities, food cost) and recommend cost optimization strategies.
- Track store-level performance and advise on actions to
improve unit-level profitability.
Capital
Expenditure (CAPEX) & Asset Management:
- Oversee CAPEX planning and execution for new outlets,
refurbishments, equipment purchases, and kitchen upgrades.
- Ensure proper tracking, budgeting, and ROI evaluation
of all capital projects.
- Collaborate with project and procurement teams to
ensure efficient asset procurement and lifecycle management.
Financial
Reporting & Analysis:
- Prepare timely and accurate monthly, quarterly, and
annual financial reports for internal and external stakeholders.
- Conduct variance analysis, trend reviews, and risk
assessments to guide corrective actions.
- Maintain P&L accountability for both brands,
including consolidated reporting for management and board meetings.
Internal
Controls & Compliance:
- Ensure
adherence to financial policies, accounting standards, tax regulations,
and audit requirements.
- Develop and
enforce financial SOPs across F&B operations.
- Liaise with
external auditors, tax consultants, banks, and legal advisors as required.
Business
Partnering & Cross-Functional Support:
- Act as a
finance business partner to Operations, Marketing, Supply Chain, and HR
teams and other relevant departments to drive performance.
- Support
vendor negotiations, supply chain planning, and franchise-related
financial analysis.
- Guide finance
support for promotions, loyalty programs, and delivery platform
partnerships.
- Collaborate with HQ Finance and other departments for
consolidated reporting and business alignment.
Cash
Flow & Treasury Management:
- Monitor daily
cash flow and working capital requirements.
- Manage
banking relationships, merchant settlements, and fund allocations across
outlets.
- Optimize
liquidity and ensure adequate funding for operational and capital needs.
Ad-hoc Responsibilities:
- Support any
ad-hoc tasks, special assignments, or projects as requested by the superior or
the company.
Remain
flexible to support cross-company initiatives, internal events, audits, or
urgent business priorities as needed.