Chartered Accountant at Wells Carlton Hotel & Apartments

Job Overview

Location
Lagos, FCT
Job Type
Full Time
Date Posted
10 days ago

Additional Details

Job ID
152991
Job Views
32

Job Description






Responsibilities

Key job roles include:

Financial Management:




  • Preparing and analyzing financial statements.

  • Monitoring cash flow and working capital.

  • Managing budgets and forecasts.

  • Tracking revenue from rooms, food and beverage sales, events, and other services.



Cost Control:




  • Monitoring operational costs such as food, beverages, utilities, payroll, and maintenance.

  • Conducting cost analyses to improve profitability.

  • Identifying areas of waste, theft, or inefficiency.

  • Establishing cost-control procedures.



Budgeting and Forecasting:




  • Developing annual budgets.

  • Forecasting occupancy rates, sales, and expenses.

  • Comparing actual performance against budget targets.

  • Advising management on financial planning.



Financial Reporting:




  • Producing monthly, quarterly, and annual financial reports.

  • Presenting financial performance to management and owners.

  • Providing key performance indicators (KPIs) such as:

    • Revenue per Available Room (RevPAR)

    • Average Daily Rate (ADR)

    • Food Cost Percentage

    • Labor Cost Percentage





Tax Compliance:




  • Preparing and filing tax returns.

  • Ensuring compliance with local tax regulations.

  • Managing VAT, withholding taxes, and corporate taxes where applicable.

  • Advising on tax-efficient business practices.



Internal Controls and Auditing:




  • Designing and monitoring internal control systems.

  • Conducting internal audits.

  • Ensuring accurate recording of transactions.

  • Preventing fraud and financial irregularities.



Accounts Payable and Receivable Management:




  • Managing supplier payments.

  • Monitoring guest and corporate customer receivables.

  • Reconciling accounts.

  • Maintaining healthy cash collection processes.



Payroll Management:




  • Overseeing payroll calculations and payments.

  • Ensuring statutory deductions are correctly processed.

  • Monitoring labor costs, which are a major expense in hospitality businesses.



Strategic Decision Support:




  • Advising management on investments and expansion projects.

  • Evaluating the financial viability of new services or facilities.

  • Supporting pricing strategies and profitability improvement initiatives.



Regulatory Compliance:




  • Ensuring compliance with accounting standards and industry regulations.

  • Coordinating external audits.

  • Maintaining proper financial records for inspections and audits.



Requirements




  • Chartered Accountant qualification (ICAN, ACCA, ACA, or equivalent)

  • Minimum of 3 years' experience in accounting and finance

  • At least 3 years' experience working in the hospitality industry (hotel, resort, restaurant, or related sector)

  • Strong knowledge of financial reporting, budgeting, and forecasting

  • Experience with tax compliance, payroll management, and statutory reporting

  • Proficiency in accounting software and Microsoft Excel

  • Excellent analytical, communication, and problem-solving skills

  • High level of integrity, professionalism, and attention to detail



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