Provision Concepts Looking for CFO Chief Financial Officer at Edmond, OK Full Time

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.

www.eatdrinkpc.com

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. www.eatdrinkpc.com 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