What are the responsibilities and job description for the Accounting Manager position at Lynora's?
Company Description
Lynora's is a family-owned Italian restaurant with a rich history dating back to 1976. Located in Palm Beach County, Florida, Lynora's has become renowned for its authentic Italian cuisine and welcoming atmosphere. With locations in vibrant areas such as Boca Raton, West Palm Beach, Palm Beach Gardens, and Jupiter, Lynora's offers popular dining experiences, including Meatball Mondays, Happy Hour, and Brunch services. The restaurant takes pride in delivering exceptional hospitality and delicious Italian dishes to its guests.
Role Description
This is a full-time, on-site position for an Accounting Manager at Lynora's, located in West Palm Beach, FL. The Accounting Manager will oversee the preparation and review of financial statements, manage journal entries, and ensure the accuracy of financial records. Responsibilities include handling fixed assets and ensuring compliance with accounting standards. The role requires strong analytical capabilities, active collaboration with team members, and participation in financial decision-making to support the company’s goals.
Essential Responsibilities:
- Oversee all accounting operations of the restaurant group and related entities and administrative offices, taking responsibility for accounting records and related procedures
- Ensure compliance with GAAP-based accounting principles, standards, and regulations
- Reconcile the daily sales summary and import into accounting software
- Reconcile inter-company balances on a monthly basis, generating adjusting journal entries for approval
- Enter/import weekly payroll into accounting system; enter payroll-related accruals as approved
- Perform the financial statement period-end closing tasks and document accounting tasks using a monthly, quarterly, and annual checklist. Among other tasks, this includes but is not limited to, bank and credit card reconciliations; creating adjusting journal entries and entering into accounting system once approved; reconciling petty cash; reconciling certain general ledger accounts with other applicable systems such as Toast, Toast payroll, company’s inventory system, etc.; entering overhead allocations to each restaurants financials into the accounting system as approved by CFO; and maintaining adequate sub-ledgers or workpapers for applicable balance sheet accounts.
- Generate monthly and other periodic financial reports using the company’s accounting software system, and as requested by the CFO or other executive team members.
- Supervise accounting personnel, delegate tasks, and implement accounting policies approved by the CFO and executive team members
- Work closely with other departments, facilitating communication as the internal accounting contact for restaurant managers, food and beverage procurement personnel, human resources, COO and other team leads.
- Be responsible for developing, documenting, and implementing accounting policies and procedures, as needed.
- Lead the preparation for the company’s financial and other audits and tax preparation; serve as a liaison with the auditor and tax services provider
- Serve as the accounting-related contact for other third party relationships such as the payroll provider, accounting software provider, banking, retirement plan provider and benefits provider.
- Be an integral participant in any accounting related software conversions
- Perform other related duties as assigned.
Qualifications
- Successful candidates will have at least 3 years of consecutive and progressive accounting experience in the hospitality or restaurant industry. Candidates with 5 years of consecutive and progressive accounting experience in the retail industry will also be considered.
- A 4-year college degree in accounting from an accredited college or university
- Strong background in accounting, bookkeeping, and accounting-related software. Experience with Restaurant 365 is a plus.
- It is essential to be detail-oriented, analytical, able to successfully manage multiple tasks, have a customer-service disposition, able to collaborate with leaders of other departments to maintain accurate records; and possess good verbal and written communication skills.