Accountant at Philban Consulting

Job Summary

• We are seeking a highly organized, detail-oriented, and results-driven Accountant to join our hospitality business.
• The Accountant will be responsible for maintaining accurate financial records, monitoring daily hotel/restaurant revenue and expenses, managing accounts payable and receivable, performing reconciliations, and supporting management with timely financial information.
• The ideal candidate should have a strong understanding of accounting principles and preferably have experience working in a hotel, restaurant, resort, or other hospitality environment.

Key Responsibilities
Financial Accounting:

• Maintain accurate and up-to-date accounting records in accordance with applicable accounting standards and company policies.
• Record daily financial transactions, including sales, purchases, payments, receipts, and expenses.
• Prepare and post journal entries and maintain the general ledger.
• Assist with monthly, quarterly, and year-end financial closing processes.
• Prepare management accounts and financial reports as required.

Revenue and Daily Operations:

• Monitor and reconcile daily revenue from rooms, food and beverage, events, laundry, and other hotel or hospitality services.
• Review daily sales reports, cashier reports, POS transactions, and payment collections.
• Investigate and resolve discrepancies between POS, booking systems, cash collections, and accounting records.
• Monitor cash handling procedures and ensure proper banking of daily collections.
• Reconcile credit card, bank transfer, online payment, and other payment channels.

Accounts Payable & Receivable:

• Process supplier invoices and ensure payments are properly authorized and recorded.
• Maintain accurate supplier and customer accounts.
• Monitor outstanding receivables and follow up on overdue accounts.
• Reconcile supplier statements and customer balances.
• Verify invoices against purchase orders, delivery notes, and approved documentation.

Inventory & Cost Control:

• Assist with monitoring food, beverage, housekeeping, and other operational inventories.
• Participate in periodic stock counts and reconcile physical inventory with accounting records.
• Analyze food and beverage costs, wastage, variances, and gross margins.
• Work with procurement and operations teams to improve cost control and reduce losses.

Payroll, Tax & Compliance:

• Assist with payroll preparation and reconciliation.
• Ensure appropriate statutory deductions and accounting entries are accurately recorded.
• Assist with tax filings and other statutory financial requirements.
• Maintain proper records for internal and external audits.
• Ensure financial transactions comply with applicable laws, regulations, and company policies.

Budgeting & Financial Analysis:

• Assist in preparing annual budgets and financial forecasts.
• Monitor actual performance against budgets and investigate significant variances.
• Provide financial analysis and reports to management to support decision-making.
• Identify opportunities for improving revenue, controlling costs, and increasing profitability.

Qualifications & Experience

• Bachelor’s Degree or HND in Accounting, Finance, Economics, or a related field.
• Minimum of 6–8 years of relevant accounting experience, preferably in hospitality.
• Experience in a hotel, restaurant, resort, event center, or similar hospitality business is highly desirable.
• Professional qualification or part-qualification with ICAN, ACCA, or a similar recognized accounting body is an advantage.
• Good knowledge of accounting principles and financial reporting.
• Experience with accounting software and POS/hospitality management systems.
• Strong Microsoft Excel skills.

Key Skills & Competencies:

• Strong numerical and analytical ability.
• Excellent attention to detail and accuracy.
• Strong reconciliation and problem-solving skills.
• Good knowledge of revenue and cost control.
• Ability to work under pressure and meet reporting deadlines.
• High level of integrity and confidentiality.
• Good communication and interpersonal skills.
• Strong organizational and time-management skills.
• Ability to work effectively with finance, front office, food & beverage, procurement, stores, and management teams.
• Accuracy and timeliness of financial records and reports.
• Accuracy of daily revenue reconciliation.
• Timely reconciliation of bank, POS, cash, supplier, and customer accounts.
• Reduction of unexplained revenue and inventory variances.
• Timely processing of invoices and payments.
• Effective monitoring of accounts receivable and payable.
• Compliance with financial policies and statutory requirements.
• Accuracy of budget and cost-control reporting.

The Accountant will work closely with: 

Employeebackground checks

• Finance Manager / Financial Controller
• General Manager
• Front Office Team
• Food & Beverage Department
• Procurement and Stores
• Human Resources / Payroll
• External Auditors
• Suppliers and other business partners.