P and L Managers have a large influence in how their company allocates their resources. Profit and Loss Managers have to analyze the benefits and costs of every project their companies take on. These professionals are usually executive leaders on the corporate level who have the skills to analyze each expense line by line to determine whether they are worth what their companies pay. P and L Managers are in every industry; their companies pay them to ensure that their budgets are being used efficiently. For every company, every small expense matters, especially companies that provide specialized services to the public.
Hospitality companies, for example, usually have high overhead costs. These companies often hire P and L Managers to help them comb through their rolling expenses to find ways to improve profits and cut costs. Restaurants have to continually buy more food for their kitchens, hire new staff when needed, and improve their facilities from time to time. Depending on their clientele, these businesses have to invest smartly in their infrastructure to attract their target audience. For them, creating the best individualized atmosphere is what matters most. They need their budgets to go into creating this atmosphere for their target customers.
Neil Castaldi is a P and L Manager working for Nottoway Plantation, a large property in southern Louisiana that acts as a hotel and special events venue for the people of that area. Castaldi presided over a huge renovation project on the Nottoway grounds that cost over $35 million.
Also Read: Nottoway Plantation of Neil Castaldi : Core Concepts
Neil Castaldi - Managing Partner of Nottoway Plantation 