Accountant at The Yacht Hotel

Job Summary

• The Accountant will oversee the financial operations of the Lounge, ensuring accurate financial reporting, compliance with relevant regulations, and the effective management of financial processes. This role is critical in supporting the business’s financial health and operational efficiency.

Key Responsibilities

• Oversee and manage all financial operations of the Lounge.
• Ensure accurate recording and tracking of financial transactions within the company’s accounting system.
• Prepare, analyze, and present financial statements and reports to management.
• Ensure compliance with financial policies, tax regulations, and statutory requirements.
• Manage payroll processing, including statutory deductions and prompt remittance of VAT, PAYE, and Consumption Tax.
• Handle service charge processing, deductions, and reporting.
• Conduct month-end inventory counts and reconcile discrepancies.
• Supervise and guide Account Assistants in their daily tasks to ensure efficiency and accuracy.
• Follow up on collections across all payment channels, including POS, bank transfers, cash, and other payment methods, and handle customer refunds as necessary.
• Manage recipes, menu items, and inventory data within the company’s accounting system to ensure accurate cost tracking and inventory valuation.
• Implement and maintain robust internal controls over financial transactions and reporting processes.
• Reconcile bank statements and manage accounts payable and receivable using the company’s accounting system.
• Perform any other assignments or special projects as assigned by the Group Head of Accounts or the CFO.

Skills, Attributes, and Competencies

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional qualification such as ACA, ACCA, or equivalent (preferred).
• Minimum of 3-5 years of experience in accounting, preferably within the hospitality or service industry.
• Strong knowledge of accounting principles, tax regulations, and statutory compliance requirements.
• Proficiency in accounting software and Microsoft Office applications, particularly Excel.
• Excellent analytical, organizational, and problem-solving skills.
• High attention to detail and accuracy.
• Strong communication and interpersonal skills.
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• Strong sense of integrity and professionalism.