The
Opportunity
This role is
for northern Alabama’s pre-eminent barbecue restaurant chain with 15 locations, ~$22MM in annual revenue and
+160 employees. A proven industry veteran leads the growth of the enterprise,
the company is backed by long-term focused and patient owners, and the firm is
seeking a financial professional with the drive and determination to execute
relentlessly on its long-term business plan.
The Position
This
opportunity is perfect for a hands-on, entrepreneurial, and dynamic finance
professional seeking a chance to continue to evolve a company's finance
function. This role will function as the head of the accounting/finance
function and report directly to the President, with a dotted line to ownership.
This is a unique opportunity to lead the accounting/finance function for a
profitable, growing, and beloved brand with stable ownership that is in it for
the long-run.
The ideal candidate will inherit
and improve the existing foundational finance functions such as annual
budgeting, monthly budget variances, forecasting, and periodic reporting packages
for the various stakeholders (Area Directors, General Managers, President,
ownership, and commercial banks and lenders). The role will have financial
oversight of the different value creation initiatives, including but not
limited to: new store openings, remodel programs, updating branding, re-focus
on menu profit drivers, improving labor scheduling, and investments in
technology (AI, digital/social media, website, apps, tablets, software)
designed to create a seamless customer experience. Financial oversight will
include creating thoughtful ROI analysis, creating budgets, and monitoring the
economic success of the initiatives.
The role
will be responsible for the traditional accounting and controller functions,
overseeing financial reporting, treasury, accounts receivable (“AR”) and
payables (“AP”), payroll, IT, and administration (legal, contracts, insurance,
etc.). The position will partner closely with the operations and HR function.
Most notably, the candidate will zealously champion cost-containment and cash
management. Key initiatives will include maintaining and improving the
company’s structured monthly close process and annual GAAP audit process,
researching and implementing the latest in AI tools/agents to facilitate
seamless, accurate, and real-time reporting to all stakeholders, and serving as
a true partner to the President in leading the company daily.
This role is located in
Ardmore, AL, and will require significant onsite work and close collaboration
with the President who resides in Huntsville. The ideal candidate will reside
within close proximity of Huntsville with reasonable remote work to be
permitted. The finance team is comprised of a small team (currently 2
subordinates), and the Company will judiciously add resources as it grows.
The ideal candidate will be a
proven leader with extensive/progressive finance experience and relentless
intellectual curiosity. The candidate will also be capable of overseeing
the accounting function and be experienced in managing banking relationships,
cash flow, and a leveraged balance sheet. The candidate should have national or
recognized firm experience (e.g., big-four, large regional) or similar best in
class experience (national consulting firm, Fortune recognized [or equivalent] Company),
or investment banking, or extensive experience working with institutional
investors. A finance professional with public accounting experience, a CPA, and
comprehensive finance-related experience is also suitable.
A candidate with restaurant or
similar experience managing an active growth pipeline via new unit development
is a plus.
The Responsibilities:
·
Prepare GAAP
financials (Income Statement, Balance Sheet, Cash Flow Statement) on a monthly
and annual basis with variance reporting to prior year and budget; manage
annual GAAP audit
·
Enhance and
implement financial and accounting systems, processes, tools, and control
systems to better manage the business and to facilitate annual reviews/audits
with limited adjustments; ensure that reasonable financial approval processes
are in place and followed
·
Oversee the Company's
capital structure and balance sheet while maintaining a laser focus on cost
containment and cash management
·
Prepare daily,
weekly, and monthly financial reporting packages for Area Directors, General
Managers, President, and ownership; manage appropriate reporting requirements
for commercial banks and lenders; leverage the latest in technology/AI to
provide real-time reporting
·
Continually
improve the timeliness of financial reporting and the quality of business
planning, budgeting, and financial analysis; facilitate the development of
robust financial analytics and metrics
·
Oversee financial
analysis and budgeting of business operations; spearhead the interpretation of
operating results with a focus on identifying opportunities for improvement
·
Manage day-to-day
finance functions, including responsibility for the management of accounts
payable & accounts receivable as well as in-house payroll (and
evaluate pros/cons of moving to outsourced payroll with legal-based HR
function)
·
Collaborate with President
and ownership to determine the appropriate level of funding to support growth
and changes in Company's business strategy
·
Maintain
all business licenses, permits, and contracts
The Candidate Will Have:
·
The
ability to integrate into the long-standing, unique culture of the Company
·
A love of
managing, motivating, and inspiring teams to achieve goals they never thought
possible
·
High integrity and
the will to always do the right thing
·
An entrepreneurial
mind with agility and the ability to wear multiple hats - this should excite
you, not frustrate you
·
Ambition for
ownership and accountability in the organization
·
Team and
Company-first mentality, focused on results
·
Hyper-organized
with a high degree of attention to detail
·
Ability to do
reporting and analysis on their own
·
High-level of
energy that is contagious and makes work fun for their teammates
·
Resiliency and
grit to push through challenges
·
Demonstrated
ability to learn and adapt
·
Self-starter
mindset with a confident and proactive approach
·
Ability to build
relationships with store-level and corporate employees
Required Qualifications:
·
Relevant
Experience
o
Recognized
firm experience (big 4, large regional, national consulting firm) or
o
Fortune-recognized
or similar caliber company, or
o
Investment
banking or extensive experience working with institutional investors, or
o
Public
accounting experience, a CPA, and extensive finance-related experience
·
Progressive finance experience (annual budgeting,
reporting packages, KPIs)
·
Sufficient accounting experience to lead the
annual audit and prepare books in accordance with GAAP
·
A minimum of seven years of accounting and
finance experience
·
Advanced Excel Skills (sumifs, pivots, vlookup,
index matches) and experience building multifaceted spreadsheets
·
Extensive data and analytical expertise;
experience with and intellectual curiosity around emerging AI technology and
its application to the restaurant industry preferred
Other Optional Qualifications:
·
Experience with QuickBooks
·
Experience working with institutional ownership and
multi-unit businesses; restaurant experience a plus
·
Experience in
budget management and Generally Accepted Accounting Principles (GAAP)
·
Background
overseeing Information Technology functions including but not limited to PCI
compliance, data security, and data analytics
·
Private-Equity Experience
·
Experience shouldering the administrative burden
for executives
·
Experience working with and achieving results
with a small team
·
Experience working with small-midsize companies,
either as a public accountant to or an employee for those organizations
·
Ability to identify business improvement
opportunities and work as a partner with operations and sales to capitalize on
those opportunities
·
Experience wearing multiple hats in a
growth-orientated company
·
Experience interacting effectively across an
organization.
Educational Requirements:
·
Bachelor’s Degree in Accounting, Finance or
Equivalent
·
CPA or MBA a
plus
Benefits and Compensation:
·
$125-$150k
base salary plus annual bonus
·
Potential
to participate in the Company’s equity participation plan based on performance
·
Healthcare
benefits
·
Dental and Vision
·
401k
LawLers Barbecue is a locally owned business in the Tennessee Valley, not some big corporate chain.
The owners were born and raised in Athens, Alabama and still live there today.
From the owners…
Yes, we have grown to become more than a “mom ‘n pop” restaurant, but we still try and keep that small town hospitality feel…no matter how big we get.
Generations of folks have made LawLers a family tradition at their supper table.
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