Job Description
Responsibilities
The ideal candidate will (but is not limited to):
- Manage and maintain the general ledger, ensuring all financial transactions are accurately recorded and reconciled.
- Reconcile daily sales and revenue streams from various point-of-sale (POS) systems.
- Process accounts payable, including verifying invoices, processing payments to vendors, and managing vendor relationships.
- Prepare, review, and analyze monthly, quarterly, and annual financial statements, including Income Statements (Profit & Loss), Balance Sheets, and Cash Flow Statements.
- Generate financial reports and summaries for management to aid in decision-making.
- Manage accounts receivable, including invoicing guests/clients, tracking payments, and following up on overdue accounts.
- Assist with payroll processing, ensuring accurate calculation of wages, deductions, and timely disbursement to employees.
- Monitor daily cash flow and ensure sufficient funds are available for operational needs.
- Conduct regular bank reconciliations to ensure accurate recording of financial transactions and identify any discrepancies.
- Track expenses, analyze variances, and identify areas for cost reduction without compromising service quality.
- Support the budgeting and forecasting processes by providing historical data, analysis, and insights.
- Ensure compliance with all relevant tax regulations (e.g., VAT, WHT, PAYE), accounting standards, and company financial policies.
- Stay updated on changing tax laws and regulations in Nigeria to ensure compliance.
- Implement and maintain effective internal financial controls to safeguard the organization's assets and minimize financial risks.
- Ensure adherence to all financial policies, including those related to cash handling, guest payments, and expense reporting.
- Participate in internal and external financial audits, providing necessary documentation and explanations.
- Assist with inventory management, ensuring accurate valuation and control of stock.
- Collaborate with other departments to gather financial data and provide financial insights as required.
- Prepare various financial reports for management, highlighting key financial performance indicators.
- Participate in year-end closing procedures and assist with external audits.
Requirements
- Bachelor’s Degree in Accounting, Finance, or a related field is required.
- Professional accounting qualification (e.g., ACA, ACCA, ICAN) is highly preferred or in progress.
- Minimum of 5 years of professional accounting experience, with at least 2 years in the hospitality industry.
Required Competencies:
- Exceptional analytical and problem-solving skills.
- High level of integrity, trustworthiness, and ethical conduct.
- Meticulous attention to detail and accuracy.
- Strong organizational and time-management skills.
- Ability to work independently and as part of a team.
- Excellent verbal and written communication skills for clear financial reporting.
- Proactive and self-motivated with a strong work ethic.