Chief Financial Officer Position Available In Cumberland, Maine

Company:

Luke’s Lobster Preferred Locations:

Portland, ME Luke’s Lobster is a renowned seafood brand and a leading national restaurant group with nearly 30 locations, with both fast-casual and full-service lobster roll restaurants. We also operate our own seafood processing facility in Saco, Maine, ensuring our ‘Shacks’ provide our guests the highest quality, best tasting seafood. Further, we produce branded seafood grocery products as part of our CPG business. We are seeking a new Chief Financial Officer to succeed our long-tenured CFO for the next phase of major growth.

Overview:

We’re looking for a strategic and experienced Chief Financial Officer (CFO) to drive our company’s growth, responsible for overseeing all financial activities, including accounting, financial planning and analysis, treasury, tax, and investor relations. This ideal candidate has a deep understanding of both the restaurant and CPG industries, with the ability to navigate the unique financial challenges and opportunities of each. The person will be a member of the Executive Leadership team and report directly to the Founder and CEO, Luke Holden. •If interested in this position, please upload a cover letter in the same file with your resume when applying.•

Responsibilities:

Financial Leadership and Strategy:

Develop and execute the company’s financial strategy, aligning with overall business objectives. Provide strategic financial insights and recommendations to the CEO, executive team, and Board. Lead the development of financial plans, budgets, and forecasts. Evaluate and manage the company’s capital structure, including debt and equity financing. Oversee financial reporting, ensuring accuracy and compliance with GAAP.

Restaurant Division Focus:

Analyze restaurant-level financial performance, including sales, food costs, labor costs, and operating expenses. Develop and implement strategies to improve restaurant profitability and efficiency. Evaluate the financial viability of new restaurant locations and expansion opportunities. Manage cash flow across all restaurant locations. Oversee point-of-sale (POS) systems and financial controls within restaurants in partnership with the

COO. CPG

Division Focus:

Manage the financial aspects of the CPG business, including production costs, inventory management, and distribution expenses. Analyze product margins, pricing strategies, and profitability by product line. Evaluate the financial impact of new product development and product launches. Manage cash flow between suppliers, distributors, and retailers. Oversee inventory control, warehousing, and logistics costs in partnership with the SVP Sales.

Financial Planning and Analysis:

Lead the FP&A function, providing timely and accurate financial reporting and analysis. Develop and monitor key performance indicators (KPIs) to track business performance. Conduct variance analysis to identify trends and opportunities for improvement. Prepare and present financial reports to the board of directors, investors, and lenders.

Accounting and Control:

Oversee the accounting department, ensuring the integrity of financial records and internal controls. Implement and maintain financial policies and procedures. Manage the annual audit process and ensure compliance with all regulatory requirements. Evaluate and implement financial systems and technologies.

Team Leadership and Development:

Build and lead a high-performing finance team. Mentor and develop finance staff, fostering a culture of continuous improvement. Promote collaboration and communication between finance and other departments.

Risk Management:

Identify and mitigate financial risks, including market risk, credit risk, and operational risk. Ensure adequate insurance coverage and risk management strategies are in place

Qualifications:

Bachelor’s degree in Accounting, Finance, or a related field; MBA or CPA preferred. Minimum of 10 years of progressive experience in finance leadership roles, with significant experience in both the restaurant and CPG industries. Deep understanding of restaurant operations, including food and beverage cost management, labor management, and POS systems. Strong knowledge of CPG business, including production, supply chain management, and distribution. Proven track record of developing and executing successful financial strategies. Excellent financial planning and analysis skills, with the ability to provide strategic insights and recommendations. Strong accounting and control skills, with a thorough understanding of GAAP. Experience managing cash flow, debt financing, and equity financing. Excellent leadership and communication skills, with the ability to effectively communicate financial information to both financial and non-financial stakeholders. Strong analytical and problem-solving skills, with the ability to make sound business decisions. Proficiency in financial software and systems, including ERP systems; An outstanding work ethic, ambition, and drive to succeed; Experience with g-suite and other technology tools, e.g., R365. Comfort operating alongside both hourly teammates and in a company board meeting setting with institutional private equity investors. Must be open to periodic travel A hands-on (“no job is too small”) mentality.

Compensation and Benefits:

Salary commensurate with experience – anticipate $225,000-$250,000 with annual performance bonus Paid vacation, sick days, and holidays Medical, dental, and vision insurance on a national PPO network with company premium contributions Access to an Health Savings Account (HSA) and supplemental insurance policies (Accident Insurance and Hospital Indemnity Insurance) Low-asset fee 401k retirement plan after one month Mobile phone stipend program Paid parental leave Company Amex for approved expenses About Luke’s Lobster Luke’s Lobster was born out of the dream of Maine native and third-generation lobsterman Luke Holden to bring the quality lobster rolls of his youth to the big city. After meeting business partner Ben Conniff on Craigslist, the two twenty-somethings opened their first lobster shack in a 250 square foot space in NYC’s East Village in October 2009. Now over 15 years later, Luke’s Lobster brings traceable, sustainable seafood to guests across the globe. Our vision is to be the world’s most trusted seafood brand. Our mission is to serve the best seafood because we care for it obsessively from the dock to you, and because we’re devoted to serving the whole community of people it touches. We work directly with fishermen to hand pick the best seafood, bring it straight to our own seafood company in Saco, ME and then ship directly to our shacks, grocery partners, and consumers. Cutting out the middleman means better tasting seafood for you to enjoy and a fairer price for our fishermen. At Luke’s, our company culture comes first. We are proud and passionate about the work environment we have fostered and are excited to see it continue to grow. We value diversity, creativity, transparency, and open communication from all levels. In 2018, we furthered our commitment to sustainability and socially conscious business practices by becoming a certified B Corporation®, reflecting Luke’s Lobster’s deep devotion to our communities, family of teammates, and the environment. Please visit www.lukeslobster.com for more information. EEO Statement Luke’s Lobster provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to any status, including but not limited to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Luke’s Lobster complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. Luke’s Lobster expressly prohibits all forms of workplace harassment. Improper interference with the ability of Luke’s Lobster employees to perform their job duties may result in discipline up to and including discharge. Essential job functions include standing for sustained periods of time, lifting objects from lower to higher positions, ascending or descending stairs or ladders, and bending, crouching, and reaching to low and high places. Luke’s Lobster is a participant of E-Verify.