Financial Accountant at Centre For Research in Enterprise and Action in Management (CREM) Nigeria

Job Description

• The Financial Accountant is responsible for managing the financial operations, ensuring accuracy in financial reporting, and maintaining compliance with industry-specific regulations.
• This role involves preparing financial statements, analyzing financial data, and supporting management in making informed decisions to optimize revenue and control costs.
• The Financial Accountant works closely with operational teams to ensure efficient financial management across all hospitality functions.

Responsibilities

• Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow reports.
• Analyze financial performance, identifying trends, variances, and opportunities for cost savings or revenue growth.
• Support management in budgeting, forecasting, and financial planning.
• Monitor and analyze revenue streams from accommodation, food and beverage, events, and other services.
• Track operational expenses, including payroll, procurement, and maintenance costs.
• Assist in implementing cost-control measures to improve profitability.
• Maintain and reconcile general ledger accounts to ensure accuracy and completeness.
• Perform monthly, quarterly, and annual closing activities.
• Record and review journal entries for revenue, expenses, and other transactions.
• Oversee accounts payable and receivable processes, ensuring timely invoicing, collections, and payments.
• Reconcile bank statements and manage cash flow to ensure sufficient liquidity.
• Collaborate with operational teams to streamline financial processes and enhance efficiency.
• Utilize property management systems (PMS) and financial software to automate and improve reporting accuracy.
• Communicate financial results and recommendations to senior management

Requirements

• Bachelor’s degree in Accounting is required
• A Master’s degree in Finance or Business Administration (MBA) is a plus.
• 5 - 7 years of experience in accounting,