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For Companies At a Glance
- Tasks: Lead financial management and reporting for a renowned restaurant brand.
- Company: Join Din Tai Fung, an award-winning Taiwanese restaurant with global recognition.
- Benefits: Enjoy competitive pay, generous holidays, and employee discounts.
- Other info: Opportunities for personal development and career progression in a fast-growing environment.
- Why this job: Be part of a dynamic team shaping the future of hospitality finance.
- Qualifications: ACCA or CIMA qualified with 3+ years in finance, hospitality experience preferred.
The predicted salary is between 50000 - 50000 £ per year.
About Our Restaurant and Bar
Din Tai Fung is an award-winning Taiwanese brand with 170 locations worldwide, renowned for our iconic Xiao Long Bao Soup Dumplings — a dish so beloved, guests travel from all over the globe to experience it. We are passionate about crafting unforgettable dining experiences, ensuring every guest feels valued and delighted. We are excited to invite you to be part of Din Tai Fung, where your career can thrive in an environment focused on growth, recognition, and a true sense of belonging. We’re currently hiring for our locations in Central London, offering you the opportunity to join an iconic global brand and grow with us as we expand across the UK.
What are we looking for?
We’re on the lookout for a hands-on, commercially minded Finance Manager to join our growing hospitality group in the UK. This is a standalone role ideal for someone who thrives in a fast-paced environment and enjoys being closely involved in business operations, reporting, and strategy. You'll be the key finance lead in the UK, working in partnership with our outsourced accounting firm, leadership team, and Group HQ in Singapore.
Key Duties and Responsibilities
- Financial Management & Reporting
- Oversee & review work done by outsourced accounting firm.
- Review financial reports – P&L, Balance Sheet, Trial Balance, schedules etc, finalise with outsourced accounting firm, close the monthly accounts timely and release the reports to the stakeholders.
- Ensure timely preparation & submission of monthly financial & management reporting, Group reporting pack in accordance with Singapore requirements.
- Ensure timely preparation and circulation of meeting material.
- Analysis of variance, year-on-year and against budget.
- Liaise with outsource accounting firm on the accounts matters e.g. AP, AR.
- Ensure timely supplier payment to ensure smooth business operations, revenue collection and costing of inventory.
- Manage credit controls & monitor aged debtors.
- Prepare monthly Intercompany Reconciliation Report.
- Liaise with Singapore finance team on the finance matters/reporting.
- Budget & Forecast
- Develop and manage annual budget & forecast with various stakeholders.
- Ensure timely preparation & submission of annual budget and forecasts.
- Treasury
- Working capital cashflow - Monitor cashflow and working capital to ensure liquidity to support business stability.
- Prepare and manage cash flow forecast and ensure adequate cash balances.
- Liase with banks on matters relating to account opening, updates of bank signatories, bank facilities etc.
- Prepare overseas and intercompany payments.
- Cost Control and Profitability
- Monitor and control costs: Evaluate and manage food, beverage, labor, overhead costs and capex to ensure they align with budgets/ approved amount and maximize profitability.
- Cost efficiency improvements: Identify opportunities for cost savings, negotiate with suppliers, and implement efficiencies across restaurant operations.
- Analysis of costing and monthly wastages by outlets and central kitchen.
- External audit
- Liase with external auditors on the company audits matters and ensure timely submission of audited reports to Group.
- Review audit pack prepared by outsourced accounting firm to ensure accurate financial reporting.
- Assist auditors on corporation tax related queries and other queries.
- Ensure external auditor recommendations are duly set up and implemented.
- Tax Compliance
- Liase with tax agent to ensure tax compliance with tax regulations (VAT, PAYE).
- Review VAT reports and final confirmation for filling.
- Review income tax computations and justification of claims (capital allowances, deductibility of operational expenses and income) & VAT, Corporate Tax Filing, Withholding Tax Filling.
- Controls & Compliance
- Ensure compliance with industry regulations and financial policies.
- Ensure day-to-day and long-term compliance with Group policies and procedures.
- Review and formulate procedures to strengthen controls and improve processes.
- Strategic Planning & Decision Support
- Support growth initiatives: Provide financial input for strategic decisions like expansion, new site openings, and investment opportunities.
- Analyse and provide senior management with financial insights and support senior management with financial planning and strategy.
- Others
- Daily sales reporting to senior management.
- Weekly reporting/ update with key commentary to Financial Controller.
- Liase with corporate secretary and coordinate company secretarial matters.
- Involve in system implementation & process improvements.
- Assist on ad-hoc projects, assignments and reporting.
Requirements
- ACCA or CIMA qualified, with at least 3 years’ experience in a similar finance role.
- A background in hospitality is highly desirable.
- Bachelor’s or Master’s degree in Finance, Accounting, or a related field.
- Strong in financial reporting, budgeting, and compliance, with a sharp eye for detail and accuracy.
- Skilled at producing clear, insightful reports for senior leadership and supporting strategic decisions.
- A collaborative and dependable team player who builds strong relationships across all levels.
- Adaptable and hands-on, comfortable working at both operational and board levels.
- Excellent communicator, with the ability to explain complex financial matters clearly.
- Acts with integrity, professionalism, and discretion at all times.
NOTE: The duties entailed in this job are set out in this job description; however, at times, you may be required to undertake additional or other duties as necessary to meet the business's needs.
What We Offer
- Competitive Pay: £50000 + Bonus
- Working Hours: Full time for 40 hours per week
- Location: Central London (on-site)
- Employee Benefits
- 30% off dining at Din Tai Fung UK restaurants.
- Dining gift voucher on your work anniversary.
- Nutritious meals provided during your shifts.
- Personalised development plans and clear career progression within a fast-growing restaurant group.
- Paid Holidays: Start with 28 days per year, rising to 32 days with continued service.
- Access to Employee Assistance Program and Financial Advice, with free counselling sessions for you and your family.
- Monthly treats, team activities, and employee referral bonus and other exciting employee perks and rewards for your hard work.
Finance Manager in City of London employer: Din Tai Fung UK
Contact Detail:
Din Tai Fung UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the hospitality and finance sectors, especially those connected to Din Tai Fung. Attend industry events or join relevant online groups to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by researching Din Tai Fung's values and culture. Think about how your experience aligns with their mission of crafting unforgettable dining experiences. Be ready to share specific examples of how you've contributed to financial success in previous roles.
✨Tip Number 3
Showcase your adaptability! In a fast-paced environment like Din Tai Fung, being hands-on and flexible is key. Highlight instances where you've successfully navigated change or tackled challenges head-on in your previous finance roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Din Tai Fung family and contributing to our growth in the UK.
We think you need these skills to ace Finance Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Finance Manager role. Highlight your experience in financial management, reporting, and budgeting, especially in a hospitality context. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about joining Din Tai Fung and how your background makes you the perfect fit. Keep it engaging and relevant to the role.
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your financial acumen. Whether it's cost savings or successful budget management, we love to see quantifiable results that show your impact.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you're keen on being part of our team at Din Tai Fung!
How to prepare for a job interview at Din Tai Fung UK
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and reports like P&L statements and balance sheets. Be ready to discuss how you've used these in past roles to drive business decisions.
✨Showcase Your Hospitality Knowledge
Since this role is within the hospitality sector, it’s crucial to highlight any relevant experience you have. Talk about how you’ve managed finances in a fast-paced environment and how that can translate to success at Din Tai Fung.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills. Prepare examples of how you've handled budgeting challenges or improved cost efficiencies in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Build Rapport with Interviewers
This role requires collaboration across various teams. During the interview, focus on building a connection with your interviewers. Share your experiences working with diverse teams and how you foster strong relationships to achieve common goals.