Accountant at FoliXx Hospitality

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
103494
Job Views
92

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.


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