Role Summary
The Accountant will oversee financial operations for the company’s hospitality units (restaurants, lounges, or hotels). The role requires hands-on experience in managing accounts within the hospitality industry, ensuring accuracy of daily sales reconciliations, monitoring costs, preparing management reports, and ensuring compliance with accounting standards and internal controls.
Key Responsibilities
Financial Accounting & Reporting
- Record and reconcile daily restaurant/hotel revenue from POS, cash, and bank deposits.
- Monitor and report on food & beverage sales, room revenues (if hotel), and other income streams.
- Prepare accurate monthly, quarterly, and annual financial statements.
- Manage payroll, staff advances, and incentive payouts.
Cost & Inventory Management
- Track cost of sales and monitor kitchen/bar inventory usage.
- Work with procurement and store officers to reconcile purchases vs consumption.
- Perform variance analysis between budgeted vs actual costs.
- Identify areas of wastage, pilferage, or leakages and recommend solutions.
Internal Controls & Compliance
- Ensure compliance with company policies, tax laws, and statutory filings (VAT, WHT, PAYE, etc.).
- Support internal and external audits by providing accurate records.
- Maintain proper documentation of invoices, receipts, and supplier contracts.
Budgeting & Cash Flow Management
- Assist in budget preparation and monitor expenditure against approved budgets.
- Prepare cash flow forecasts and advise management on liquidity.
- Support management with financial insights for business decisions.
Qualifications & Experience
- B.Sc./HND in Accounting, Finance, or related field.
- Professional qualification (ICAN, ACCA, or in progress) preferred.
- 3–5 years’ proven experience as an Accountant in a hotel, restaurant, or hospitality group.
- Solid knowledge of hospitality-specific accounting (POS reconciliations, stock costing, daily revenue reports).
- Strong proficiency in accounting software (QuickBooks, Sage, or ERP) and MS Excel.
- High integrity, attention to detail, and ability to meet tight deadlines.
Key Skills
- Strong understanding of hospitality operations (kitchen, bar, front desk, or sales).
- Analytical mindset with cost and revenue monitoring skills.
- Ability to work under pressure and multitask.
- Excellent communication and reporting skills.
Key Performance Indicators (KPIs)
Financial Accuracy & Reporting
- % accuracy of daily, weekly, and monthly reconciliations.
- Timeliness of financial reports submitted (by agreed deadlines).
- % reduction in errors between POS/restaurant system vs bank deposits.
Cost & Inventory Control
- Variance between actual vs standard cost of food/beverages.
- % reduction in inventory wastage or pilferage.
- Frequency of reconciled stock reports delivered on time.
Compliance & Controls
- % of compliance with tax and statutory filings (zero penalties).
- Number of audit adjustments required per cycle.
- Effectiveness of internal control measures implemented.
Cash Flow & Budgeting
- Accuracy of cash flow projections vs actual cash movement.
- % variance between actual spend vs budget.
- Liquidity ratios maintained (e.g., ensuring sufficient funds for operations).
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