What are the responsibilities and job description for the Financial Controller position at Blue Note Entertainment Group?
Position: Financial Controller
Blue Note Entertainment Group, New York City’s largest Independent Live Music Venue owner/operator and concert promotions company looking for Financial Controller. Will work directly with owners of company.
Blue Note Entertainment Group owns and operates the Blue Note Jazz Club in New York City, as well as other company owned and franchise locations around the world under the Blue Note name. Other venues include Sony Hall, Arthurs Tavern, Howard Theatre in DC. Company also organizes hundreds of shows annually in various theatres and outdoor spaces throughout the country.
Position Summary:
The Financial Controller is responsible for managing the day to day operations of the accounting department, such as preparation and management of the Venues financial budgets, payroll, implementing and overseeing all activities relating to the financial aspects of the live music venues in compliance with local, state and federal tax laws and the companies standard operating procedures. Additionally, responsible for the financial analysis, reporting, budgeting, forecasting, audit and control, asset and liability reconciliation, working capital and cash control, as well as ensuring the safekeeping and updating of all legal documentation relating to the venues. This is a hands-on financial position requiring flexibility and an ability to handle multiple tasks simultaneously.
Financial Controller Duties and Responsibilities:
- Responsible for the venues overall accounting and financial management.
- Responsible to represent the finance department on a daily basis. Oversee bookkeepers and auditors.
- Work closely with company CPA in regards to all accounting needs.
- Responsible to support and liaise with the General Managers, Director of Operations, and Owners in meeting the strategic goals of the organization.
- Responsible for preparing and reviewing annual budgets, monthly P&Ls, balance ledgers.
- Create and Implement inventory systems for Food and Beverage departments
- Responsible for verifying all financial reports and ensuring that all transactions are accurate
- Responsible for Payables & Receivable oversight
- Responsible for reconciliations for multiple companies.
- Responsible for tracking and collecting all franchise revenues from other venues.
- Able to Analyze Talent department performance per show
- Able to prepare and submits management reports in a timely manner.
- Able to effectively implement all accounting policies and procedures.
- Able to proactively assist with cost control requirements and revenue enhancement possibilities.
- Able to develop departmental specific goals and plans to prioritize, organize and accomplish such goals
- Work closely with all departments in assisting with financial aspects
- Monitors all local tax compliance that applies, and ensuring that taxes are charged correctly and collected, file the local tax with the concerned authority on a monthly/regular basis.
- Establishes and maintains open, collaborative relationships with employees.
- Any other tasks as and when required by the management.
Prerequisites:
- Should have a high command of Excel, etc.
- Knowledge of accounting systems, Quickbooks, Compeat, etc.
- Knowledge Hospitality Point of Sale systems
- Excellent communication and negotiation skills.
- Must be personable and well able to deal with guests and staff.
- Must possess excellent financial knowledge, analytical skills and be very well organized.
- Willing to contribute effort to all aspects of Venues operation when needed, even if not financial department oriented
- Willingness to work as an overall team member to help ensure continued growth and success