Director Finance, Food & Beverage Operations

COMPANY OVERVIEW:

Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 27 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With nearly $12 billion in assets under management, Lightstone’s portfolio currently includes over 15 million square feet of industrial, logistics, life sciences, and commercial properties, over 25,000 residential units, and over 5,100 hotel keys.

For more information, please visit www.lightstonegroup.com.

Director of Finance, Food & Beverage Operations

POSITION OVERVIEW:

Essential Functions:

• Preparation, delivery of accurate monthly financial statements for F&B operations.
• Ad hoc analysis in conjunction with Operator (i.e. revenue per hour, cover analysis, labor, cogs, pmix, menu engineering, comp reporting, POS prices versus Menu)
• Identify, analyze variance to budget in operating statement with operational team.
• Manage daily income audit, identification and correction of all variances.
• Daily, Weekly reporting (including flash reporting).
• Review purchasing, receivable, and inventory protocols.
• Compile weekly AP packet for submission.
• Review, process F&B tax reconciliations, payments.
• Own Internal accounting controls, monthly inventory audit.
• Preparation of monthly bank reconciliations and general ledger account reconciliations for F&B.
• Manage F&B packages and all respective costs.
• Reconciliation, payment of Sales and other contractual operational taxes.
• Cash management, including flow statement generation and bank control.
• Maintain weekly theoretical versus actual tracking of labor standards.
• Thorough knowledge and understanding of hotel and F&B synergies/areas of opportunity.
• Generate, control staffing model and templates (based on Operator inputs).
• Ensure all control functions that are established are followed by coworkers/employees.
• Preparation of any special reports, statements, etc., as requested.
• Other special projects and responsibilities as assigned.
• Effectively manage and communicate related issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds
• Build operating budget in partnership with Director of Food & Beverage.

Education/Experience:

• F&B accounting experience and knowledge required
• Accounts payable, Accounts receivable and/or night audit experience required
• Microsoft Excel and Word knowledge required
• Accounting software knowledge required