The Accountant is responsible for overseeing financial transactions, maintaining financial records, preparing reports, and ensuring compliance with accounting regulations.
The role plays a crucial part in budgeting, financial planning, and cost management within the hospitality industry.
Key Responsibilities
Maintain accurate financial records and ensure proper documentation of all transactions.
Prepare financial statements, including profit and loss accounts, balance sheets, and cash flow statements.
Manage accounts payable and receivable, ensuring timely processing of invoices and payments.
Reconcile bank statements and financial discrepancies by investigating and resolving accounting issues.
Monitor budgets, control expenditures, and provide financial insights to improve cost efficiency.
Prepare and submit tax filings, VAT returns, and other statutory financial obligations in compliance with Nigerian tax laws.
Conduct internal financial audits and assist external auditors during financial reviews.
Track revenue from different hospitality services (e.g., accommodation, food and beverage, events) and ensure accurate reporting.
Monitor cash flow and liquidity to support daily operations and long-term financial stability.
Maintain general ledger accounts, journal entries, and month-end/year-end financial reporting.
Ensure payroll processing is accurate and compliant with tax deductions and labour laws.
Implement financial controls and policies to prevent fraud and financial mismanagement.
Collaborate with procurement and inventory teams to ensure proper financial planning and stock valuation.
Prepare periodic financial reports and provide insights to management for decision-making.
Stay updated on financial regulations, industry trends, and accounting best practices.
Conduct cost analysis for food and beverage operations, ensuring profitability and cost efficiency.
Assist in pricing strategies by analyzing financial data and market trends.
Ensure compliance with financial and accounting policies specific to the hospitality industry.
Review and approve financial transactions to ensure accuracy and adherence to company policies.
Assist in financial forecasting and strategic planning to support business growth.
Liaise with banks and financial institutions for account management, loans, and investment activities.
Manage financial risks by identifying and mitigating potential financial challenges.
Oversee the financial aspect of contracts with vendors, suppliers, and service providers.
Evaluate and recommend financial software and tools to enhance efficiency in accounting operations.
Train and guide junior accounting staff on financial procedures and best practices.
Requirements
Bachelor’s Degree in Accounting, Finance, or a related field.
Minimum of 3 - 5 years of accounting experience, preferably in the hospitality industry.
Professional certification such as ICAN, ACCA, or equivalent is preferred.
Strong knowledge of financial reporting, budgeting, and cost control.
Proficiency in accounting software such as QuickBooks, Sage, or similar platforms.
Excellent analytical, problem-solving, and attention-to-detail skills.
Strong understanding of Nigerian tax laws, compliance, and financial regulations.
Ability to work under pressure, meet deadlines, and handle multiple tasks efficiently.
High level of integrity, professionalism, and confidentiality.
Strong communication and interpersonal skills for collaboration with various departments.