VP of Finance / Controller – Multi-Unit Restaurant Operations
Job Description
Hands-on VP of Finance / Controller role overseeing financial operations across a multi-unit quick-service restaurant (QSR) franchise portfolio in Nashville.
Responsibilities
- Personally review and approve all vendor payments before disbursement (typically twice weekly or more frequently as needed).
- Verify invoices, vendor details, payment amounts, and supporting documentation; ensure no payments are released without proper review and approval.
- Set and maintain financial controls, including dual authorization for new vendors, vendor banking changes, and payments above established thresholds.
- Monitor accounts payable, vendor terms, cash balances, and banking activity.
- Detect duplicate payments, discrepancies, unnecessary expenses, and potential financial risks.
- Oversee an outsourced accounting firm and ensure timely, accurate financial reporting.
- Review monthly financial statements, general ledger activity, reconciliations, and multi-entity reporting.
- Ensure timely month-end and year-end financial reporting.
- Analyze restaurant-level and consolidated profit and loss statements, including restaurant-level performance drivers.
- Track food and paper costs, labor percentages, occupancy expenses, operating margins, and restaurant-level EBITDA.
- Evaluate financial performance across multiple restaurant locations and legal entities.
- Analyze budget variances, expense trends, and operational performance; identify cost reduction and profitability improvement opportunities.
- Partner with restaurant and regional operations leadership to strengthen financial accountability.
- Oversee franchise royalty reporting, advertising charges, and required franchisor reporting.
- Maintain rolling cash flow forecasts and annual operating budgets.
- Oversee banking relationships, lender reporting, loan schedules, and covenant compliance.
- Monitor debt obligations, working capital, and capital expenditures.
- Support financial evaluations for acquisitions, new restaurant development, renovations, and expansion opportunities.
- Identify financial risks and recommend corrective actions.
- Report directly to the President of Operations; maintain consistent communication on financial performance, vendor payments, cash flow, and operational priorities.
- Maintain 24/7 phone availability for time-sensitive communications and urgent matters from the President of Operations, including evenings, weekends, and holidays; answer calls when possible and return missed calls promptly.
- Implement directives and requested changes from the President of Operations promptly while maintaining appropriate accounting standards and internal controls.
- Adjust priorities and responsibilities as business needs evolve; take ownership and follow through without repeated reminders.
- Proactively communicate financial concerns and solutions; align financial operations with company objectives.
- Travel periodically across seven operating markets to support financial oversight and operational accountability.
Requirements
- Minimum 12 years of progressive accounting or finance experience.
- At least 5 years in a senior financial leadership position (Controller, VP of Finance, or CFO) required.
- Direct multi-unit QSR franchise financial experience is mandatory.
- Proven experience overseeing multiple restaurant locations and legal entities.
- Strong knowledge of restaurant-level P&Ls, food costs, labor expenses, franchise royalties, and operating margins.
- Experience overseeing outsourced accounting firms and reviewing financial statements.
- Demonstrated experience managing vendor payment approvals, financial controls, and banking activities.
- Strong understanding of GAAP, budgeting, financial reporting, cash flow forecasting, and lender compliance.
- Advanced Microsoft Excel and financial analysis skills.
- Familiarity with restaurant POS, reporting, and multi-entity accounting systems.
- Excellent organizational, communication, analytical, and problem-solving abilities.
- Ability to work independently without an internal accounting team.
- Ability and willingness to maintain 24/7 availability for urgent communications.
- Based in or willing to relocate to Nashville, TN; available to travel regularly across seven operating markets.
- Education: Master’s degree required.
Technology
- Microsoft Excel
- GAAP
Benefits
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
Work Location and Travel
- Work location: In person, Nashville, TN 37204 (required)
- Travel: Travel periodically across all seven operating markets
Reporting Structure
- Reports directly to the President of Operations.
- No internal accounting staff or direct reports.
Preferred Qualifications
- CPA or advanced degree in accounting, finance, or business.
- Experience with multi-brand restaurant franchise portfolios.
- Experience working directly with ownership and senior operations leadership.
- Background in restaurant acquisitions, financing, and development.