Full Time Job

F&B Controller

Live Nation

Beverly Hills, CA 05-12-2024
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  • Paid
  • Full Time
  • Senior (5-10 years) Experience
Job Description

As Food & Beverage Controller, you will be responsible for ensuring the accurate management and reporting of all O&O venues financial results – working with each location self-operating leadership team or concessionaire to develop action plans to continually drive financial performance. The Controller remains part of the core F&B leadership team, participating in management meetings and building strong relationships with location stakeholders. The ideal candidate will be an experienced and dynamic Finance/Accounting professional with strong F&B operational experience also. They will understand financial concepts and how these relate to operational procedures and outcomes.

• Ensuring accurate, timely, and consistent reporting of financial reporting from each self-operating and concessionaire operation
• Collaborate with accounting and analytics teams to develop standard reporting procedures for food and beverage financials.
• Research variances from budgeted costs and margin at the venue level.
• Work cross functionally with finance, operations, and culinary to develop targeted financial goals that align with business objectives.
• Partner with operations and executives to socialize and clearly explain financial goals and targets, ensuring a clear understanding.
• Work with Analytics team to understand each of the venues programs and how efficient they continue to be executed.
• Collaborate with analytics team to develop action plans driving financial performance which would include but not limited to;
• Food Inventory & Cost Controls
• Beverage Inventory & Cost Controls
• Labor Planning and Controls
• Operating Costs and Controls
• Working with operations teams to understand financial data and take actions to drive improvements where necessary – hold monthly results review with clear communications and path towards greater efficiencies and results moving forward
• Work closely with accounting team to ensure settlements at the end of each calendar month are accurate (both self-operating and concessionaire)
• Working with location leader to continually refine and update location financial forecasts
• Complete a monthly report that details each venues results with full transparency to full Venue Nation Leadership team
• Work with legal and accounting teams to ensure all third-party venues are balanced to their contractual obligation
• Apply the financial policies and procedures of the company. Bring inconsistencies and problems to the attention of management.
• Assist corporate and venues management in preparation of all key budget schedules across an array of restaurants; analyze budget data and assist in preparation of required budget schedules.
• Managing an accurate and timely month-end close process for all self-operating venues
• Work closely with Analytics team during the annual budgetary processes to ensure that all venues are included accurately through the process
• Other duties and responsibilities as assigned

• A minimum of 5 years' experience with revenue control, financial reporting and cash handling responsibilities, at least 3 years in a similar capacity
• Accounting experience in foodservice or retail industry required, foodservice operations experience a must.
• Ability to communicate financial results effectively to upper management.
• Business Degree and/or CPA certification is preferred.
• High level of computer literacy
• Passion for hospitality, food, and retail
• Excellent interpersonal and stakeholder management skills
• Ability to work non-standard hours as dictated by event schedule.

BENEFITS & PERKS - Our motto is 'Taking Care of Our Own' through 6 pillars of benefits:
• HEALTH: Medical, Dental and Vision benefits for you and your family, including Flexible Spending Accounts (FSA) and Health Savings Accounts (HSAs)
• YOURSELF: Paid time off policy including holidays, sick time and day off for your birthday, free concert tickets
• WEALTH: 401(k) program with company match, Stock Program Reimbursement
• FAMILY: New parent programs & support including caregiver leave and infertility support
• CAREER: Tuition reimbursement, student loan repayment internal growth and development programs & trainings
• OTHERS: Volunteer time off, crowdfunding network

Jobcode: Reference SBJ-gww6z2-3-239-95-36-42 in your application.

Company Profile
Live Nation

Live Nation Entertainment is the global leader in live entertainment and ticketing. Our world-class portfolio reaches all aspects of the live event and ticketing industry, from ground-breaking software in Ticketmaster, mix of legendary venues and restaurants in House of Blues, production leaders in Concerts, exceptional brand partnerships in Media & Sponsorship, and unparalleled team of artist managers in Artist Nation supported by diverse professionals in all facets of Corporate operations.