Accountant at Residency Hotels Limited

Responsibilities

• Financial Reporting: Preparation and analysis of financial statements such as front desk and bar sales.
• Cost Control: Monitoring expenses and analyzing variances to ensure adherence outflow.
• Revenue Management: Working closely with revenue management teams to optimize room rates, occupancy levels, and overall revenue.
• Accounts Payable and Receivable: Managing accounts payable processes, ensuring timely payment of bills and invoices. Handling accounts receivable, including billing and collection.
• Tax Compliance: Ensuring compliance with all local, state, and federal tax regulations. Preparation and submission of tax returns.
• Payroll: Processing payroll for hotel staff and other benefits
• Financial Analysis: Conducting financial analysis to support decision-making processes, such as investment opportunities or cost-cutting measures.
• Internal Controls: Implementing and monitoring internal control procedures to safeguard hotel assets and ensure accuracy of financial records.
• Audit Preparation: Coordinating and preparing for external audits, ensuring all necessary documentation is readily available and accurate.
• Financial Systems Management: Overseeing the hotel’s financial systems and software, ensuring they are up-to-date and effectively utilized.
• Cash Flow Management: Monitoring cash flow projections and ensuring availability of funds for operational needs.
• Financial Compliance: Ensuring compliance with all financial regulations and standards, including those specific to the hospitality industry.
• Financial Strategy: Contributing to the development and implementation of financial strategies that support the overall goals and objectives of the hotel.
• Audit taking: Ensuring that departmental working materials are available and accurately reported for, from Bar to Housing and purchasing of minors.

Requirements

• Bachelor's Degree / HND with 5 - 10 years experience.