Chief Financial Officer - Magic Concepts Hospitality Group : Job Details

Company Description

Magic Concepts Hospitality Group is a scaling multi-brand restaurant operator with 53 locations in 5 states. Our brands are Wingstop, Jersey Mike's and Magic Wok. Our Mission is to provide 'Great Food Experiences Through the Caring Culture of our People.' Our goal is to reach 100 high performing restaurants by 2028 with an amazing team. We are focused on People, Culture, Process. Our Values are Integrity, Owner mindset, Positivity, Hunger and Humble. If our goals, our values, our mission, our focus excite you, lets talk about growing together.

Role Description

This is a full-time on-site role for a Chief Financial Officer at Magic Concepts Hospitality Group in Toledo, Ohio Metropolitan Area. The CFO will play a critical role in driving the financial success of our multi-unit franchise operations. This position requires a strategic thinker with a strong background in financial management, accounting, and mergers and acquisitions. The ideal candidate will have 10+ years of experience in finance, with a proven track record in multi-unit environments. The CFO will be responsible for building financial models and reporting, managing the accounting team, maintaining bank relationships, evaluating acquisition opportunities, and creating key performance indicators (KPIs) and dashboards.

Key Responsibilities

Financial Strategy and Planning:

• Develop and implement financial strategies to support the company's growth objectives.

• Create and maintain comprehensive financial models to forecast revenues, expenses, and cash flow.

• Oversee budgeting, forecasting, and long-term financial planning.

Financial Reporting:

• Ensure accurate and timely preparation of financial statements and reports.

• Present financial performance, projections, and analyses to the executive team and board of directors.

• Develop and maintain internal controls to safeguard company assets and ensure financial accuracy.

Accounting and Compliance:

• Lead and manage the accounting team to ensure accurate financial records and reporting.

• Oversee the monthly, quarterly, and annual close processes.

• Ensure compliance with GAAP, tax regulations, and other financial standards.

Banking and Relationships:

• Manage relationships with banks, financial institutions, and external auditors.

• Oversee cash management, debt financing, and capital structure strategies.

• Ensure optimal liquidity and funding for business operations and growth initiatives.

Mergers and Acquisitions:

• Evaluate and assess acquisition opportunities to support strategic growth.

• Conduct financial due diligence, valuation analysis, and integration planning.

• Collaborate with legal and operational teams to execute transactions.

Performance Management:

• Develop and implement key performance indicators (KPIs) and dashboards to monitor business performance.

• Analyze financial and operational data to identify trends, opportunities, and areas for improvement.

• Provide insights and recommendations to drive profitability and operational efficiency.

Qualifications

• 10+ years of experience as a CFO, finance officer, or relevant role
• Strong background in multi-unit environment
• Strong leadership skills and ability to manage a finance team
• Expertise in financial planning, budgeting, and reporting
• Knowledge of accounting principles and financial regulations
• Excellent analytical and problem-solving skills
• Strategic thinking and decision-making abilities
• Bachelor's degree in Finance, Accounting, or related field; MBA is a plus
• Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) certification preferred
• Ability to thrive in a fast-paced, dynamic environment.
• Mergers and acquisitions experience is a plus.
• Excellent communication and interpersonal abilities