director of accounting

Momofuku  

Momofuku was founded by chef David Chang in 2004 with the opening of Momofuku Noodle Bar in  New York City. Credited with “the rise of contemporary Asian-American cuisine” by the New York  Times and named the “most important restaurant in America” by Bon Appétit magazine, Momofuku  has restaurants in the New York, Los Angeles, and Las Vegas as well as Momofuku Goods, a line of  restaurant-grade products for home cooks.  

Why Momofuku?  

At Momofuku, we value our team members and make it a priority to offer competitive compensation  packages that encourage longevity with the company and long-term growth. We offer competitive  pay and a comprehensive benefits package, including vision/dental/medical, 401k, paid time off,  flexible spending account, employee assistance program, and dining discounts, plus more after  required wait periods. We encourage our team members to grow and learn and offer many  opportunities for personal and career development.  

The Director of Accounting is responsible for the stewardship of the finances of Momo Holdings LLC &  Subsidiaries, ensuring the accuracy of the company’s books and records as well as advising on  opportunities to improve the financial position of the business. This role requires oversight of day-to-day accounting, accounting system management, as well as a proactive approach to longer-term  financial projects and analysis. They will work closely with the leaders of each department, the CFO,  our insurance broker, and our third-party CPA firm. This person must be comfortable and excited  about problem-solving, creating and implementing more efficient systems, and eager to work in a  highly collaborative environment.  

RESPONSIBILITIES:  

• Provide visibility into financials and key metrics for leadership, investors, and operators;  proactively suggest areas of improvement for other department stakeholders to act upon  
• Manage annual budgeting process and ad hoc forecasting; assess and understand actual-to-budget  variances and develop action plans to help remedy issues  
• Design budgets for upcoming restaurants and assess actual-to-budget cost variances with  operations and development teams  
• Lead the maintenance and organization of accounting systems  
• Manage the maintenance of fixed assets and accompanying depreciation schedules 
• Oversee financial reporting, including weekly flash reporting, the creation of monthly P&Ls, and  ad-hoc reporting for board meetings and other investor requests  
• Maintain cash flow model to assess the company’s ability to take on new projects and provide a  clear understanding of its financial position  
• Manage the annual audit process with third party CPA firm  
• Collaborate with CFO on yearly insurance renewal processes  
• Oversee monthly and yearly close processes as needed in accordance with US GAAP, including, but  not limited to inventory valuation and sales tax remittance  
• Working with the CFO, ensure tax and GAAP compliance  
• Collaborate with CFO on maintaining and improving a 3-year rolling financial model 
• Lead accounting team in all bookkeeping and reporting related responsibilities  ● Oversee the management of relationships with state governmental agencies  
• Co-manage sales tax, income tax, and commercial rent tax alongside CFO  
• Co-manage insurance audits alongside key stakeholder from the Payroll team  

REQUIREMENTS:  

• BA Degree required  
• At least 7 years’ accounting experience  
• At least 5 years management experience  
• Restaurant experience a must  
• Knowledge of GAAP and basic tax principles required  
• Excellent Excel capabilities required  
• Excellent organization, communication, and problem-solving skills  

PREFERRED REQUIREMENTS:  

• 7+ years’ accounting experience  
• 5+ years management experience  
• CPA Certification  
• A natural leader with a people-first approach  
• Proven track record building and maintaining strong positive relationships with all key  stakeholders (i.e. corporate leadership, operating partners, vendors, project teams etc.)  

PHYSICAL DEMANDS:  

The physical demands for this position are seeing, hearing, speaking, reaching, frequently lifting up  to 25 pounds, occasionally lifting up to 50 pounds, sitting, standing, for 4 to 8 hours, bending, and  moving intermittently during working hours. These physical requirements may be accomplished with  or without reasonable accommodations.  

Momofuku is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race,  color, creed, religion, gender (including gender identity or expression), pregnancy, childbirth or related  medical conditions, sexual orientation, marital status, domestic violence, sexual violence or stalking  victim status, ancestry, national origin, alienage or citizenship, age, disability, military or veteran  status, genetic information or predisposing genetic characteristic, or other protected status.