Accountant - Hotel at Resource Intermediaries Limited

Location: Iyaganku-Ibadan, Oyo

Main Tasks or Activities of the Job

• Financial Reporting: This is a big one. Hotel accountants prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements. These reports give stakeholders a clear picture of the  hotel's financial performance. It's like giving the hotel a financial check-up. They also ensure compliance with accounting standards and regulatory requirements.
• Budgeting and Forecasting: Creating budgets and financial forecasts is essential for planning and decision-making. Hotel accountants analyze past performance, market  trends, and future expectations to develop realistic financial targets. This involves working closely with department heads to gather input and align financial goals with operational strategies. Regular monitoring of budget performance and variance analysis helps identify areas for improvement and cost control.
• General Ledger Management: Maintaining the general ledger, the central record of all financial transactions, is another critical task. This includes recording journal entries, reconciling accounts, and ensuring the accuracy of financial data. A well-maintained general ledger is the foundation for reliable financial reporting. Accurate data entry and reconciliation processes are essential to prevent errors and ensure the integrity of financial information. This involves meticulous attention to detail and adherence to established accounting procedures.
• Tax Compliance: Hotels have to deal with a variety of taxes, including sales tax, occupancy tax, and income tax. Hotel accountants are responsible for preparing and filing tax returns accurately and on time. Staying up-to-date with changing tax laws and regulations is crucial to avoid penalties and ensure compliance. They must also maintain detailed records to support tax filings and respond to inquiries from tax authorities. Effective tax planning can also help minimize the hotel's tax liability.
• Internal Controls: Implementing and monitoring internal controls to safeguard assets and prevent fraud is a vital part of the job. This includes establishing policies and procedures for financial transactions, conducting regular audits, and ensuring compliance with internal control standards. Strong internal controls help protect the hotel's financial resources and maintain the integrity of financial reporting.
• Auditing: Preparing for and coordinating internal and external audits. They ensure that all financial records are in order and available for review. This helps ensure the accuracy and reliability of financial information.
• Payroll Processing: Overseeing the payroll process, ensuring accurate and timely payment of wages and salaries. This involves calculating wages, deductions, and taxes, as well as preparing payroll reports. Accuracy and compliance with labor laws are critical in payroll processing. They also handle employee inquiries related to payroll and benefits.
• Cash Management: Managing the hotel's cash flow, including monitoring bank accounts, reconciling cash balances, and preparing cash forecasts. Efficient cash management is essential for meeting the hotel's financial obligations and maximizing returns. They also work to optimize cash flow by managing accounts receivable and accounts payable effectively.

Key Skills and Abilities
Skills / Knowledge / Competencies (Essential):

• Interested candidates should possess an HND qualification with 2 - 3 years experience.
• Computer literacy
• Working knowledge of a good accounting software
• Working knowledge of Microsoft word
• Working knowledge of Microsoft excel
• Written communication skills
• Presentation skills.

Salary
N120,000 monthly.