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Job Summary:

• The Assistant General Manager at FoodCourt plays a pivotal role in the strategic management and operational oversight of the company.
• This position involves a diverse set of responsibilities, ranging from strategic planning and technology management to compliance and risk mitigation.

Key Responsibilities:

Strategy and Planning:

• Develop and implement strategic plans to achieve organizational goals, enhance revenue, improve operational efficiency, and expand the business.

Operations Management:

• Oversee day-to-day operations, manage budgets, ensure quality control, and lead staff members effectively.

Technology Management:

• Manage and leverage technology to optimize operational efficiency, enhance customer experience, and reduce costs.

Supply Chain Management:

• Develop and manage relationships with suppliers, ensuring timely and cost-effective procurement of assets, equipment, and supplies.

Financial Management:

• Develop and manage budgets, monitor costs, analyze financial reports, identify areas for cost optimization, and implement strategies to improve operational efficiency.

Risk Management:

• Identify and manage risks to the company, including legal and financial risks, ensuring proactive mitigation strategies.

Compliance:

• Ensure compliance with all relevant regulations, including health and safety regulations and food handling and storage regulations.

Asset Planning and Strategy:

• Develop comprehensive plans for managing assets based on organizational objectives and risk tolerance, including investment goals, asset allocation, and long-term growth plans.

Acquisition and Disposition:

• Identify and evaluate potential assets for acquisition, conduct due diligence, negotiate purchase agreements, and manage the process of acquiring new assets. Oversee the disposal or sale of underperforming or non-strategic assets.

Portfolio Management:

• Monitor and optimize the performance of assets within a portfolio, making informed decisions regarding asset allocation, risk management, and diversification strategies.

Key Performance Indicators (KPIs):

Asset Utilization:

• Measure the efficiency of asset utilization, including tracking asset downtime, capacity utilization, and overall asset productivity.

Return on Investment (ROI):

• Assess the financial performance of assets by measuring the return on investment, evaluating profitability based on initial investment and ongoing operational costs.

Maintenance and Repair Costs:

• Monitor costs associated with asset maintenance and repair activities, ensuring efficient asset management and cost control.

Asset Lifespan and Depreciation:

• Evaluate the lifespan and depreciation of assets, managing asset lifecycle and planning for replacements or upgrades.

Energy Efficiency:

• Monitor energy consumption of assets, optimizing energy efficiency, reducing operational costs, and promoting sustainability.

Asset Compliance and Safety:

• Ensure compliance with safety regulations and standards for assets, including safety inspections, certifications, and adherence to industry-specific guidelines.

Asset Value Enhancement:

• Assess the ability to enhance asset value over time, measured through appreciation of asset value, improvements in asset performance, or successful repositioning of assets in the market.

Risk Management:

• Evaluate the effectiveness in identifying and managing risks associated with assets, including tracking incidents, insurance claims, and implementing risk mitigation strategies.

Stakeholder Satisfaction:

• Gauge stakeholder satisfaction with asset management, measured through feedback, surveys, and ongoing relationship management.

Regulatory Compliance:

• Ensure compliance with relevant laws, regulations, and permits pertaining to asset management, including environmental regulations, building codes, and local ordinances.

Reports:

Asset Performance Report:

• Evaluate efficiency and effectiveness of asset utilization, identifying opportunities for improvement.

Financial Performance Report:

• Assess financial impact of asset management decisions, identify areas for cost reduction or optimization.

Maintenance and Repair Report:

• Analyze maintenance trends, evaluate effectiveness, and plan for future maintenance needs.

Compliance and Safety Report:

• Demonstrate commitment to safety and compliance requirements, ensuring adherence to regulations and certifications.

Asset Lifecycle Report:

• Inform long-term asset management strategies, budgeting for replacements, and optimizing lifecycle costs.

Stakeholder Satisfaction Report:

• Assess overall perception of asset management, identify areas for improvement to enhance stakeholder satisfaction.

Risk Management Report:

• Demonstrate proactive risk management practices, highlighting efforts to protect asset value and performance.

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Responsibilities:

Financial Planning and Analysis:

• Develop financial plans, budgets, and forecasts.
• Analyze financial data and make recommendations to optimize financial performance.

Accounting:

• Oversee accounts payable, accounts receivable, general ledger, and payroll functions.
• Ensure accurate and timely financial statements compliant with regulations.

Cash Management:

• Monitor and forecast cash needs, manage banking relationships, ensure liquidity.

Risk Management:

• Identify and manage financial risks, develop strategies to minimize exposure.

Tax Compliance:

• Ensure compliance with tax laws, file tax returns, implement tax planning strategies.

Financial Reporting:

• Prepare and present financial reports to management and the board of directors.

Team Management:

• Lead and mentor a team of finance professionals, providing effective guidance.

Key Performance Indicators (KPIs):

Financial Performance:

• Revenue growth, profitability, gross margin, return on investment (ROI).

Cash Flow Management:

• Days sales outstanding (DSO), days payable outstanding (DPO), cash conversion cycle, net cash flow.

Budgeting and Forecasting:

• Accuracy of budget forecasts, variance analysis, budget adherence.

Risk Management:

• Risk identification, mitigation strategies, risk monitoring.

Compliance:

• Compliance with tax laws, accounting standards, financial reporting regulations.

Team Management:

• Team performance, efficiency, effectiveness in responsibilities.

Stakeholder Management:

• Stakeholder satisfaction, effective communication.

Reports:

Daily Reports:

• Cash Position Report:Monitor daily cash balances, ensuring sufficient liquidity for operations.
• Accounts Payable Report:Track outstanding bills, ensuring timely payments to vendors.
• Bank Reconciliation Report:Reconcile bank statements with accounting records for accuracy.
• Inventory Report:Monitor inventory levels, ensuring adequate stock for customer demand.
• Sales Report:Analyze daily sales, identifying trends and opportunities for improvement.
• Expense Report:Track daily expenses, identifying cost-saving opportunities.

Monthly Reports:

• Income Statement Report:Summarize monthly revenue, expenses, gross profit, and net income.
• Balance Sheet Report:Provide a snapshot of assets, liabilities, and equity at month-end.
• Cash Flow Statement Report:Outline cash inflows and outflows, detailing operational, investing, and financing activities.
• Budget Performance Report:Compare actual financial results to budgeted projections, explaining variances.
• Forecast Reports:Project future revenue, expenses, and cash flow, guiding financial decisions.
• Management Reports:Present KPIs, financial ratios, and metrics, offering insights for decision-making.
• Tax Reports:Ensure compliance with tax laws, including tax returns and payments.
• Audit Reports:Provide an overview of financial performance, ensuring accuracy and compliance.
• Investor Reports:Communicate financial performance and prospects to stakeholders.
• Accounts Payable Aging Report:Track outstanding bills, facilitating effective cash flow management.
• Fixed Asset Report:Monitor investments in fixed assets, ensuring effective utilization.