Job Description
Job Summary
The financial accountant is responsible for managing the financial operations, ensuring accuracy in financial reporting, and maintaining compliance with industry-specific regulations. This role involves preparing financial statements, analyzing financial data, and supporting management in making informed decisions to optimize revenue and control costs. The Financial Accountant works closely with operational teams to ensure efficient financial management across all hospitality functions.
Key Responsibilities
- Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow reports.
- Analyze financial performance, identifying trends, variances, and opportunities for cost savings or revenue growth.
- Support management in budgeting, forecasting, and financial planning.
- Monitor and analyze revenue streams from accommodation, food and beverage, events, and other services.
- Track operational expenses, including payroll, procurement, and maintenance costs.
- Assist in implementing cost-control measures to improve profitability.
- Maintain and reconcile general ledger accounts to ensure accuracy and completeness.
- Perform monthly, quarterly, and annual closing activities.
- Record and review journal entries for revenue, expenses, and other transactions.
- Oversee accounts payable and receivable processes, ensuring timely invoicing, collections, and payments.
- Reconcile bank statements and manage cash flow to ensure sufficient liquidity.
Requirements
- Bachelor’s degree in accounting is required
- A master’s degree in finance or business administration (MBA) is a plus.
- 5 – 7 + years of experience in accounting, preferably within the hospitality or service industry.
- Certified Chartered Accountant (CA) preferred.
- Experience with the use of SAGE accounting software is an added advantage