Accountant at FoliXx Hospitality

Description 

• His role requires a strong attention to detail, financial acumen, and the ability to collaborate with various departments to ensure financial goals are met.

Responsibilities
Financial Record Keeping:

• Maintain accurate and up-to-date financial records for the restaurant.
• Record daily transactions, including sales, expenses, and payroll.

Budgeting and Forecasting:

• Collaborate with management in the preparation of budgets and financial forecasts.
• Monitor budgetary performance and provide regular updates to management.

Accounts Payable and Receivable:

• Manage accounts payable processes, including invoice verification and payment processing.
• Oversee accounts receivable, ensuring timely collection of payments from customers.

Bank Reconciliation:

• Conduct regular bank reconciliation to ensure accuracy in financial statements.
• Investigate and resolve discrepancies in a timely manner.

Financial Reporting:

• Generate and analyze financial reports, such as profit and loss statements and balance sheets.
• Provide detailed financial reports to management on a regular basis.

Tax Compliance:

• Ensure compliance with tax regulations and prepare necessary documents for tax filing.
• Collaborate with external accountants or tax consultants as needed.

Financial Analysis:

• Conduct financial analysis to identify trends, variances, and areas for improvement.
• Provide insights to management for informed decision-making.

Cash Management:

• Manage cash flow by monitoring daily cash transactions and forecasting future needs.
• Implement measures to optimize cash handling and minimize risks.

Payroll Administration:

• Oversee payroll processing, ensuring accuracy and compliance with labor laws.
• Address payroll-related inquiries from employees.

Internal Controls:

• Establish and maintain internal controls to safeguard financial assets.
• Conduct periodic audits to ensure adherence to financial policies and procedures.

Financial Compliance:

• Ensure compliance with financial regulations and industry standards.
• Stay informed about changes in financial regulations that may impact the restaurant.

Cost Control:

• Analyse costs and expenses, identifying opportunities for cost control.
• Collaborate with management to implement cost-saving measures.

Financial Planning and Strategy:

• Contribute to the development of financial strategies to achieve business objectives.
• Provide financial insights for strategic planning and decision-making.

Record Retention:

• Maintain organized and secure records, ensuring compliance with record-keeping requirements.
• Facilitate access to financial records for audits or inquiries.

Requirements

• Bachelor's Degree in Accounting, Finance, or a related field.
• Proven experience in accounting or finance, preferably in the restaurant industry.
• Knowledge of accounting principles, financial regulations, and tax laws.
• Proficiency in accounting software and Microsoft Excel.
• Strong analytical and problem-solving skills.
• Excellent organizational and time-management abilities.
• Effective communication and interpersonal skills.

Deadline: 18th October, 2024.