Chartered Accountant at Wells Carlton Hotel & Apartments

Responsibilities
Key job roles include:
Financial Management:

• Preparing and analyzing financial statements.
• Monitoring cash flow and working capital.
• Managing budgets and forecasts.
• Tracking revenue from rooms, food and beverage sales, events, and other services.

Cost Control:

• Monitoring operational costs such as food, beverages, utilities, payroll, and maintenance.
• Conducting cost analyses to improve profitability.
• Identifying areas of waste, theft, or inefficiency.
• Establishing cost-control procedures.

Budgeting and Forecasting:

• Developing annual budgets.
• Forecasting occupancy rates, sales, and expenses.
• Comparing actual performance against budget targets.
• Advising management on financial planning.

Financial Reporting:

• Producing monthly, quarterly, and annual financial reports.
• Presenting financial performance to management and owners.
• Providing key performance indicators (KPIs) such as:
  • Revenue per Available Room (RevPAR)
  • Average Daily Rate (ADR)
  • Food Cost Percentage
  • Labor Cost Percentage

Tax Compliance:

• Preparing and filing tax returns.
• Ensuring compliance with local tax regulations.
• Managing VAT, withholding taxes, and corporate taxes where applicable.
• Advising on tax-efficient business practices.

Internal Controls and Auditing:

• Designing and monitoring internal control systems.
• Conducting internal audits.
• Ensuring accurate recording of transactions.
• Preventing fraud and financial irregularities.

Accounts Payable and Receivable Management:

• Managing supplier payments.
• Monitoring guest and corporate customer receivables.
• Reconciling accounts.
• Maintaining healthy cash collection processes.

Payroll Management:

• Overseeing payroll calculations and payments.
• Ensuring statutory deductions are correctly processed.
• Monitoring labor costs, which are a major expense in hospitality businesses.

Strategic Decision Support:

• Advising management on investments and expansion projects.
• Evaluating the financial viability of new services or facilities.
• Supporting pricing strategies and profitability improvement initiatives.

Regulatory Compliance:

• Ensuring compliance with accounting standards and industry regulations.
• Coordinating external audits.
• Maintaining proper financial records for inspections and audits.

Requirements

• Chartered Accountant qualification (ICAN, ACCA, ACA, or equivalent)
• Minimum of 3 years' experience in accounting and finance
• At least 3 years' experience working in the hospitality industry (hotel, resort, restaurant, or related sector)
• Strong knowledge of financial reporting, budgeting, and forecasting
• Experience with tax compliance, payroll management, and statutory reporting
• Proficiency in accounting software and Microsoft Excel
• Excellent analytical, communication, and problem-solving skills
• High level of integrity, professionalism, and attention to detail