Head Accountant at Precious Palm Royal Hotel

Location: Benin, Edo

Position Summary

• As the Head of Accounts you should be able to provide the CEO, General Manager, and other management staff with accurate, timely, and relevant financial data.
• You will be responsible for managing the day to day operations of the accounts department, like preparation and management of the hotel’s financial budgets, implementing and overseeing all activities relating to the financial aspects of the hotel in compliance with the local tax laws and also by the hotel’s SOP’s.
• You will have to oversee the activities of all the Cashiers and cross checking their various books of transaction daily. And ensure the safekeeping and updating of all legal documentation relating to the financial status of the hotel.

Duties and Responsibilities

• Ensure that the guests have best possible experience by trouble-shooting and resolving all billing-related disputes.
• Represent the department at every management meeting Manage all phases of Accounts Payable, Receivable and department budget. In charge of salary payment.
• Prepare regular reports and summaries of accounting activities. Prepare financial statements and debtors' lists.
• Verify recorded transactions and report irregularities to management. Reviewing all ledger details - guest ledger and deposit ledgers to validate proper payment and revenue posting.
• Prepare weekly duty roaster and assign daily duty to team members Oversee the activities of all the Cashiers and cross checking their various books of transaction daily Review postings, payments, revenue and guest balance reports on a daily basis.
• Keep track of debtors and creditors accounts Forecast cash payments and anticipate challenges arising from limited cash flow.
• Ensure that cash flows are adequate to allow business units to operate effectively.
• Maintain files of all contracts, tax reports, expenses, payroll, etc. Maintain and transfer money between bank accounts as required.
• Responsible for the local tax authority compliance of the hotel.
• Monitors all local tax compliance that applies, and ensuring that taxes are charged correctly and collected.
• Effectively implement all accounting policies and procedures when necessary.
• Assist proactively with cost control requirements. Assist with revenue enhancement possibilities. Assist with profit improvement opportunities for the hotel operations. Monitor and improve hotels operation costs, profitability and manage business risks.
• Ensure profits and losses are documented Oversee internal, external and regulatory audit processes. Prepare asset, liability, and capital account entries by compiling and analyzing account information.
• Document financial transactions by entering account information. Recommend financial actions by analyzing accounting options. Summarize current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.
• Maintain accounting controls by preparing and recommending policies and procedures. Guide account department staff by on their various assigned duties/activities Reconcile financial discrepancies by collecting and analyzing account information.
• Secure financial information by completing data base backups. Prepare payments by verifying documentation, and requesting disbursements.
• Comply with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
• Prepare special financial reports by collecting, analyzing, and summarizing account information and trends. Maintain customer confidence and protects operations by keeping financial information confidential.
• Any other duty that might be assign by management from time to time.

Requirements

• Candidates should possess an HND / Bachelor's Degree in relevant fields with a minimum of 5 years experience.