Job Description
Description
- His role requires a strong attention to detail, financial acumen, and the ability to collaborate with various departments to ensure financial goals are met.
Responsibilities
Financial Record Keeping:
- Maintain accurate and up-to-date financial records for the restaurant.
- Record daily transactions, including sales, expenses, and payroll.
Budgeting and Forecasting:
- Collaborate with management in the preparation of budgets and financial forecasts.
- Monitor budgetary performance and provide regular updates to management.
Accounts Payable and Receivable:
- Manage accounts payable processes, including invoice verification and payment processing.
- Oversee accounts receivable, ensuring timely collection of payments from customers.
Bank Reconciliation:
- Conduct regular bank reconciliation to ensure accuracy in financial statements.
- Investigate and resolve discrepancies in a timely manner.
Financial Reporting:
- Generate and analyze financial reports, such as profit and loss statements and balance sheets.
- Provide detailed financial reports to management on a regular basis.
Tax Compliance:
- Ensure compliance with tax regulations and prepare necessary documents for tax filing.
- Collaborate with external accountants or tax consultants as needed.
Financial Analysis:
- Conduct financial analysis to identify trends, variances, and areas for improvement.
- Provide insights to management for informed decision-making.
Cash Management:
- Manage cash flow by monitoring daily cash transactions and forecasting future needs.
- Implement measures to optimize cash handling and minimize risks.
Payroll Administration:
- Oversee payroll processing, ensuring accuracy and compliance with labor laws.
- Address payroll-related inquiries from employees.
Internal Controls:
- Establish and maintain internal controls to safeguard financial assets.
- Conduct periodic audits to ensure adherence to financial policies and procedures.
Financial Compliance:
- Ensure compliance with financial regulations and industry standards.
- Stay informed about changes in financial regulations that may impact the restaurant.
Cost Control:
- Analyse costs and expenses, identifying opportunities for cost control.
- Collaborate with management to implement cost-saving measures.
Financial Planning and Strategy:
- Contribute to the development of financial strategies to achieve business objectives.
- Provide financial insights for strategic planning and decision-making.
Record Retention:
- Maintain organized and secure records, ensuring compliance with record-keeping requirements.
- Facilitate access to financial records for audits or inquiries.
Requirements
- Bachelor's Degree in Accounting, Finance, or a related field.
- Proven experience in accounting or finance, preferably in the restaurant industry.
- Knowledge of accounting principles, financial regulations, and tax laws.
- Proficiency in accounting software and Microsoft Excel.
- Strong analytical and problem-solving skills.
- Excellent organizational and time-management abilities.
- Effective communication and interpersonal skills.
Deadline: 18th October, 2024.