Jobs at Domeo Resources International (DRI)

Reports to: MD / CEO

Job Summary

• The Financial Controller is responsible for planning, directing, and overseeing all financial management, accounting, budgeting, treasury, taxation, financial reporting, cost control, internal controls, and compliance activities of the hotel.
• The role ensures the integrity of financial records, safeguards company assets, maintains strong internal controls, supports strategic decisionmaking, and drives financial performance and profitability.
• The Financial Controller leads the Finance Department in preparing accurate financial statements, managing cash flow, optimizing working capital, monitoring budgets, strengthening internal controls, ensuring statutory compliance, and supporting management with financial analysis and business insights.
• The role works closely with the General Manager, Department Heads, Internal Audit, Procurement, Human Resources, and external stakeholders to achieve the hotel's financial objectives while maintaining the highest standards of governance and accountability.

Key Responsibilities
Financial Management & Strategic Planning:

• Provide strategic financial leadership and advice to Management.
• Develop and implement financial strategies that support the hotel's business objectives.
• Ensure sound financial planning and long-term financial sustainability.
• Monitor the hotel's financial performance and recommend improvement strategies.
• Support strategic investment and business expansion decisions.
• Advise Management on financial risks and opportunities.

Financial Reporting:

• Prepare and review monthly, quarterly, and annual financial statements in accordance with applicable accounting standards.
• Ensure timely preparation of management accounts and financial reports.
• Analyze financial performance and provide management commentary.
• Present financial reports to Executive Management and the Board where required.
• Ensure the accuracy, completeness, and integrity of all financial records.
• Coordinate year-end financial closing activities.

Budgeting & Financial Planning: 

• Lead the preparation of annual operating and capital budgets.
• Coordinate departmental budget preparation and consolidation.
• Monitor budget implementation and utilization.
• Prepare rolling forecasts and financial projections.
• Analyze budget variances and recommend corrective actions.
• Support long-term financial planning initiatives.

Cash Flow & Treasury Management:

• Monitor daily cash flow and liquidity requirements.
• Ensure adequate working capital for hotel operations.
• Oversee banking relationships and treasury activities.
• Manage cash collections, payments, and fund transfers.
• Monitor foreign currency transactions where applicable.
• Optimize cash utilization and investment of surplus funds.

Accounting Operations: 

• Oversee the general ledger, accounts payable, accounts receivable, payroll, cash management, fixed assets, and bank reconciliations.
• Ensure timely recording of all financial transactions.
• Review journal entries and accounting adjustments.
• Ensure proper reconciliation of all balance sheet accounts.
• Maintain accurate accounting records.
• Supervise month-end and year-end closing processes.

Cost Control & Profitability Management:

• Oversee the hotel's cost control function to ensure efficient utilization of financial resources.
• Monitor Food Cost, Beverage Cost, Labour Cost, Utility Costs, Housekeeping Costs, Laundry Costs, Engineering Costs, Administrative Costs, and other operational expenses.
• Review departmental cost reports and profitability analyses prepared by the Cost Controller.
• Analyze gross profit margins and recommend strategies to improve profitability.
• Review menu costing, pricing strategies, and operational cost structures with the Executive Chef and Director of Food & Beverage.
• Evaluate departmental financial performance and recommend corrective actions where required.
• Monitor budget compliance across all operational departments.
• Support cost optimization initiatives while maintaining service quality.
• Review operational variances and implement measures to improve financial efficiency.
• Present cost management reports and profitability analyses to Management

Internal Controls & Financial Governance:

• Develop, implement, and maintain effective financial control systems.
• Ensure segregation of duties and strong internal control procedures.
• Safeguard hotel assets against loss, misuse, and fraud.
• Monitor compliance with financial policies and procedures.
• Review authorization controls and approval limits.
• Strengthen governance and accountability across the Finance Department.

Audit & Compliance: 

• Coordinate internal and external audit activities.
• Ensure prompt resolution of audit findings and recommendations.
• Support statutory audits and regulatory inspections.
• Maintain compliance with financial reporting standards and applicable legislation.
• Ensure readiness for periodic financial reviews.
• Liaise with auditors and regulatory agencies.

Taxation & Statutory Compliance:

• Ensure compliance with all applicable tax laws and statutory obligations.
• Oversee the preparation and submission of VAT, PAYE, Company Income Tax, Withholding Tax, Pension, NSITF, NHF, ITF, and other statutory remittances.
• Monitor changes in tax legislation and advise Management accordingly.
• Coordinate tax audits and regulatory reviews.
• Ensure timely payment of statutory obligations.

Procurement & Financial Oversight: 

• Review high-value procurement transactions and payment requests.
• Ensure procurement activities comply with approved financial policies.
• Verify that purchases are supported by approved Purchase Requisitions (PRs), Purchase Orders (POs), Goods Received Notes (GRNs), supplier invoices, and relevant documentation.
• Monitor supplier payment performance.
• Support strategic sourcing initiatives through financial analysis.

Risk Management: 

• Identify financial risks affecting hotel operations.
• Develop strategies to mitigate financial and operational risks.
• Monitor insurance coverage and financial exposure.
• Recommend improvements to risk management practices.
• Support business continuity planning from a financial perspective.

Team Leadership & Performance Management: 

• Lead, supervise, mentor, and develop Finance Department personnel.
• Allocate work effectively across finance functions.
• Conduct performance appraisals and coaching sessions.
• Identify training and development needs.
• Promote teamwork, accountability, and ethical conduct.
• Support succession planning within the Finance Department.

Stakeholder Engagement: 

• Work closely with the General Manager and Department Heads on financial planning and operational performance.
• Provide financial guidance to operational managers.
• Liaise with banks, auditors, tax authorities, government agencies, suppliers, and investors.
• Support Board meetings with financial reports and analysis.
• Maintain strong professional relationships with key stakeholders.

Reporting & Financial Analysis:

• Prepare daily, weekly, monthly, quarterly, and annual financial reports.
• Analyze financial trends, key performance indicators, and profitability.
• Develop financial dashboards and management reports.
• Provide recommendations based on financial analysis.
• Maintain accurate financial documentation and records.

Compliance & Continuous Improvement: 

• Ensure compliance with company policies, financial regulations, and accounting standards.
• Promote continuous improvement within the Finance Department.
• Recommend automation and technology solutions that improve financial reporting and operational efficiency.
• Keep abreast of developments in accounting standards, taxation, and financial management practices.
• Drive continuous improvement in financial governance and operational excellence.

Qualifications & Requirement

Education:

• Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.
• A Master's Degree (MBA, M.Sc. Finance, or related field) is an added advantage.

Experience:

• Minimum of 8–12 years of progressive accounting and financial management experience.
• At least 5 years in a senior finance leadership role within a reputable luxury hotel, hospitality organization, or internationally branded hotel.
• Extensive experience in hotel financial reporting, budgeting, cost control, treasury management, and financial analysis.

Professional Certifications (Mandatory/Preferred):

• ICAN (Associate or Fellow).
• ACCA. ACA.
• Certified Management  Accountant (CMA) (added advantage).
• Chartered Institute of Taxation of Nigeria (CITN) (added advantage).

Supervises:

• Chief Accountant, Cost Controller, Income Auditor, Accounts Payable Officer, Accounts Receivable Officer, Payroll Officer, General Cashier, Store Accountant, Finance Officers, Accounts Assistants, and other Finance Department personnel.

Skills & Competencies:

• Financial Management.
• Financial Reporting.
• Budgeting and Forecasting.
• Cost Control and Profitability Analysis.
• Treasury Management.
• Internal Controls.
• Tax Planning and Compliance.
• Hotel Accounting Systems (e.g., IDS Next, Opera PMS, SunSystems, Sage, SAP).
• Advanced Microsoft Excel.
• Financial Analysis.
• Leadership and Team Management.
• Risk Management.
• Communication and Presentation Skills.
• Strategic Thinking.

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Reports to: Chief Accountant / Financial Controller

Job Summary

• The Accounts Payable / Accounts Receivable Officer is responsible for managing the hotel's accounts payable and accounts receivable functions to ensure timely processing of supplier payments, efficient collection of customer receivables, accurate financial record-keeping, and effective cash flow management.
• The role ensures that all financial transactions are properly authorized, accurately recorded, and comply with the hotel's financial policies, accounting standards, and statutory requirements.
• The position works closely with Procurement, Cost Control, Front Office, Food & Beverage, Conference & Banquet, Sales & Marketing, Stores, Human Resources, and other operational departments to maintain accurate financial records, strengthen internal controls, and support the hotel's financial performance.

Key Responsibilities
Accounts Payable Management:

• Process supplier invoices accurately and promptly.
• Verify that all invoices are supported by approved Purchase Requisitions (PRs), Purchase Orders (POs), Goods Received Notes (GRNs), supplier invoices, and other supporting documentation before payment.
• Match supplier invoices with purchase orders and goods received documentation.
• Prepare payment vouchers for approval.
• Schedule supplier payments in accordance with agreed payment terms.
• Maintain accurate supplier account records and payment history.
• Reconcile supplier statements and resolve discrepancies promptly.
• Monitor outstanding supplier balances and payment obligations.
• Respond to supplier enquiries professionally and promptly.

Accounts Receivable Management:

• Raise invoices for corporate clients, conferences, banquets, accommodation, events, restaurants, and other hotel services.
• Monitor customer accounts and outstanding receivables.
• Follow up on overdue accounts through reminders, calls, emails, and client visits where necessary.
• Process receipts and allocate payments accurately.
• Reconcile customer accounts regularly.
• Investigate and resolve billing discrepancies.
• Monitor credit limits and ensure compliance with approved credit policies.
• Prepare aging analysis reports and recommend collection strategies.

Billing & Revenue Support:

• Ensure accurate billing for all hotel services.
• Verify room charges, conference charges, food and beverage invoices, laundry services, transportation, spa, and other guest services before invoicing.
• Coordinate with Front Office, Conference & Banquet, Sales, and Food & Beverage Departments to resolve billing issues.
• Ensure timely issuance of invoices and statements of account.
• Support accurate revenue recognition in accordance with accounting standards.

Cash Flow & Financial Management:

• Monitor daily cash inflows and outflows relating to payables and receivables.
• Support cash flow planning through timely collections and payment scheduling.
• Assist in forecasting cash requirements.
• Ensure efficient management of working capital.
• Report significant outstanding balances to the Chief Accountant.

Reconciliation & Financial Records:

• Perform daily, weekly, and monthly reconciliation of supplier and customer accounts.
• Reconcile accounts receivable and accounts payable ledgers with the general ledger.
• Assist in bank reconciliation where required.
• Maintain complete and accurate accounting records.
• Investigate and resolve reconciliation differences promptly.

Credit Control:

• Monitor customer credit accounts.
• Ensure customers operate within approved credit limits.
• Recommend suspension of credit facilities where necessary.
• Follow up on overdue debts and implement approved collection procedures.
• Prepare reports on delinquent accounts for Management review.
• Support legal recovery processes where authorized.

Internal Controls & Compliance:

• Ensure compliance with financial policies and approval procedures.
• Verify completeness of supporting documentation before processing transactions.
• Maintain segregation of duties within payable and receivable processes.
• Prevent duplicate payments and fraudulent transactions.
• Safeguard confidential financial information.
• Support internal control improvements.

Audit Support:

• Prepare schedules and documentation required during internal and external audits.
• Provide supporting documents for audit reviews.
• Respond promptly to audit queries.
• Assist in implementing audit recommendations relating to payables and receivables.
• Maintain audit-ready financial records.

Tax & Statutory Compliance:

• Ensure applicable withholding tax (WHT), VAT, and other statutory deductions are correctly applied to supplier payments.
• Maintain proper tax documentation.
• Assist in preparing tax schedules and statutory reports.
• Support compliance with tax regulations and reporting requirements.

Reporting & Documentation:

• Prepare daily, weekly, monthly, quarterly, and annual Accounts Payable and Accounts Receivable reports.
• Prepare supplier aging reports.
• Prepare customer aging reports.
• Monitor collection performance and payment trends.
• Maintain accurate financial files and electronic records.
• Submit reports within established reporting deadlines.

Collaboration & Stakeholder Management:

• Work closely with Procurement on supplier account management.
• Coordinate with Sales & Marketing regarding corporate client billing.
• Liaise with Front Office on guest account reconciliation.
• Work with Conference & Banquet teams on event billing.
• Coordinate with Cost Control regarding inventory-related invoices.
• Maintain positive relationships with suppliers and customers.

Compliance & Continuous Improvement:

• Comply with company policies, accounting standards, and financial procedures.
• Participate in training and professional development programmes.
• Recommend process improvements that strengthen efficiency and internal controls.
• Support automation initiatives within the Finance Department.
• Promote continuous improvement in financial operations.

Requirements
Education:

• Bachelor's Degree or Higher National Diploma (HND) in Accounting, Finance, Economics, Business Administration, or a related discipline.

Experience :

• Minimum of 3–5 years of experience in Accounts Payable, Accounts Receivable, Finance, or Accounting.
• Experience in a hotel, hospitality organization, or service industry is highly desirable.
• Working knowledge of hotel accounting systems such as IDS Next, Opera PMS, SunSystems, Sage, SAP, or similar ERP systems is an added advantage.

Professional Certifications (Preferred):

• ACA (ICAN).
• ACCA.
• ATS (Accounting Technicians Scheme).
• CITN (added advantage).
• Proficiency in Microsoft Excel and accounting software.

Skills & Competencies:

• Accounts Payable Management.
• Accounts Receivable Management.
• Credit Control.
• Invoice Processing.
• Financial Reconciliation.
• Financial Reporting.
• Cash Flow Management.
• Tax Compliance.
• Microsoft Excel (Advanced).
• Accounting Software.
• Data Analysis.
• Communication and Negotiation Skills.
• Attention to Detail.
• Time Management.
• Problem Solving.
• Integrity and Confidentiality.

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Reports To: General Manager
Department: Finance & Accounts
Direct Report: Assistant Accountant, Accounts Officers, Cost Control Officer (where applicable), Income Auditor, Accounts Payable Officer, Accounts Receivable Officer, Payroll Officer, Storekeeper (functional oversight), Finance Interns, and other Finance Department personnel.

Job Summary

• The Chief Accountant is responsible for planning, directing, coordinating, and managing all financial and accounting activities of the hotel to ensure financial integrity, regulatory compliance, operational efficiency, and sustainable profitability. The role oversees financial reporting, budgeting, treasury management, taxation, payroll, accounts payable, accounts receivable, internal controls, fixed assets, inventory accounting, and financial planning.
• In addition to the core accounting function, the Chief Accountant is responsible for overseeing the hotel's Cost Control and Profitability Management function, ensuring that operational costs are effectively monitored, controlled, analyzed, and optimized across all departments. The role works closely with the General Manager and Department Heads to safeguard assets, strengthen financial controls, improve operational efficiency, minimize waste, and maximize profitability.
• The Chief Accountant ensures compliance with International Financial Reporting Standards (IFRS), applicable Nigerian tax laws, hospitality accounting best practices, and company financial policies while providing strategic financial advice to management for informed decision-making.

Key Responsibilities
Financial Accounting & Reporting:

• Plan, organize, direct, and supervise all accounting and financial activities of the hotel.
• Maintain complete, accurate, and up-to-date accounting records in accordance with IFRS and company policies.
• Prepare daily, weekly, monthly, quarterly, and annual financial statements and management reports.
• Ensure timely month-end and year-end financial closing processes.
• Monitor revenue, expenditure, assets, liabilities, equity, and cash flow.
• Review journal entries, reconciliations, and financial adjustments.
• Ensure accuracy of the General Ledger and subsidiary ledgers.
• Present financial reports and performance analyses to the General Manager and Executive Management.

General Ledger Management:

• Maintain and oversee the hotel's General Ledger.
• Review journal vouchers and accounting entries for accuracy.
• Ensure proper account coding and classification.
• Perform monthly balance sheet reconciliations.
• Investigate and resolve accounting discrepancies.
• Ensure timely reconciliation of bank accounts, supplier accounts, and customer accounts.

Accounts Payable & Procurement Contro:

• Supervise accounts payable activities.
• Verify supplier invoices against approved Purchase Requisitions (PRs), Purchase Orders (POs), Goods Received Notes (GRNs), and delivery documentation.
• Ensure suppliers are paid accurately and within agreed payment terms.
• Reconcile supplier statements regularly.
• Monitor outstanding liabilities and payment schedules.
• Ensure procurement transactions comply with company policies.

Accounts Receivable & Credit Control:

• Supervise guest ledger, city ledger, corporate accounts, and credit accounts.
• Monitor outstanding receivables and debtor aging reports.
• Ensure timely collection of outstanding debts.
• Review credit applications and recommend credit limits.
• Coordinate with Sales and Front Office to resolve disputed accounts.
• Monitor credit risks and recommend corrective actions.

Cash Management & Treasury:

• Monitor daily cash positions and liquidity.
• Supervise cash collections, banking activities, and cash disbursements.
• Ensure proper reconciliation of cash receipts from all revenue outlets.
• Monitor foreign currency transactions where applicable.
• Safeguard hotel cash assets.
• Prepare cash flow forecasts and liquidity reports.
• Ensure adequate working capital for operations.

Budgeting & Financial Planning:

• Coordinate preparation of annual operating and capital budgets.
• Assist department heads in preparing departmental budgets.
• Prepare financial forecasts and business projections.
• Monitor budget utilization across departments.
• Conduct variance analysis and recommend corrective measures.
• Support strategic financial planning and investment decisions.
• Prepare long-term financial models.

Financial Analysis & Management Reporting:

• Analyze financial performance and profitability.
• Prepare management dashboards and KPI reports.
• Monitor departmental profitability.
• Analyze trends in revenue and expenditure.
• Recommend strategies to improve financial performance.
• Present financial analysis to management for decision-making.

Taxation & Statutory Compliance:

• Ensure compliance with all applicable tax laws and statutory obligations.
• Coordinate preparation and filing of VAT, WHT, PAYE, Company Income Tax, Pension, NSITF, NHF, Industrial Training Fund (ITF), and other statutory remittances.
• Liaise with tax authorities and regulatory agencies.
• Maintain complete statutory documentation.
• Monitor changes in tax legislation.

Payroll Management:

• Supervise payroll preparation and processing.
• Review payroll calculations for accuracy.
• Ensure statutory deductions are correctly applied.
• Maintain payroll confidentiality.
• Monitor overtime and payroll costs.
• Reconcile payroll accounts monthly.

Internal Controls & Financial Governance:

• Develop and maintain effective financial control systems.
• Ensure segregation of duties within finance operations.
• Strengthen internal financial controls.
• Review financial policies and procedures.
• Safeguard company assets.
• Investigate financial irregularities.
• Ensure compliance with Delegation of Authority (DOA) policies.

Cost Control & Profitability Management:

• Establish and maintain effective cost control systems across all hotel departments.
• Monitor departmental operating expenses to ensure compliance with approved budgets.
• Analyze Food Cost, Beverage Cost, Labour Cost, Utility Costs, Housekeeping Costs, Laundry Costs, Engineering Costs, Administrative Costs, Spa Costs, and all operational expenditures.
• Review daily food and beverage cost reports against inventory consumption.
• Analyze recipe costing, standard yields, and portion control with the Executive Chef and Food & Beverage Manager.
• Participate in menu engineering, pricing reviews, and profitability analysis.
• Review banquet, conference, wedding, and event costing to ensure targeted profit margins are achieved.
• Monitor departmental payroll costs, overtime, outsourced labour, and manpower utilization.
• Conduct cost variance analysis against budgets, forecasts, and previous periods.
• Identify cost leakages, wastage, inefficiencies, and unauthorized expenditures.
• Recommend practical cost-saving initiatives without compromising service quality.
• Review supplier pricing trends and procurement costs.
• Monitor utility consumption and recommend energy-saving initiatives.
• Develop profitability improvement strategies for all revenue centres.
• Prepare cost control reports and profitability analyses for management.

Inventory & Asset Management:

• Oversee inventory accounting across all stores.
• Participate in daily, weekly, monthly, and annual stock counts.
• Monitor inventory movements and variances.
• Ensure compliance with FIFO inventory principles.
• Investigate stock shortages, breakages, spoilage, and pilferage.
• Maintain the Fixed Asset Register.
• Supervise asset tagging and periodic verification.
• Monitor depreciation schedules.
• Coordinate disposal of obsolete assets in accordance with company policy.

Revenue AssurancE:

• Ensure all hotel revenues are completely and accurately captured.
• Review daily revenue reports from Front Office, Food & Beverage, Spa, Laundry, Events, and other revenue centres.
• Reconcile PMS, POS, and accounting system reports.
• Investigate revenue discrepancies.
• Monitor discounts, rebates, voids, refunds, and complimentary transactions.
• Strengthen revenue assurance controls.

Audit Coordination:

• Coordinate internal and external audit exercises.
• Provide audit schedules and supporting documentation.
• Respond to audit findings promptly.
• Implement audit recommendations.
• Maintain audit compliance records.

Team Leadership & Staff Development:

• Lead and supervise the Finance Department.
• Prepare departmental work schedules.
• Conduct performance appraisals.
• Coach and mentor finance employees.
• Identify training and development needs.
• Promote teamwork, accountability, integrity, and professionalism.
• Support succession planning within the department.

Systems Administration:

• Oversee financial modules within the Property Management System (PMS), Point-of-Sale (POS), accounting software, payroll system, and inventory management system.
• Ensure system integrity and accurate financial data.
• Coordinate software upgrades and system enhancements.
• Work closely with the IT Department on finance-related technology solutions.

Coordination with Other Department:

• Work closely with the General Manager on financial planning and strategic initiatives.
• Collaborate with Department Heads on budget performance and cost optimization.
• Support Procurement in supplier evaluations and purchasing controls.
• Liaise with Internal Audit, External Auditors, Banks, Tax Authorities, Regulatory Agencies, and Financial Institutions.
• Provide financial guidance to operational departments.

Reporting & Administration:

• Prepare daily, weekly, monthly, quarterly, and annual financial reports.
• Maintain complete accounting records and supporting documentation.
• Prepare Board reports, financial presentations, and management reports.
• Maintain confidentiality of financial information.
• Ensure proper record retention.

Compliance & Continuous Improvement:

• Ensure compliance with IFRS, company policies, statutory regulations, and hospitality accounting standards.
• Develop and improve financial policies and procedures.
• Introduce automation and process improvements.
• Participate in strategic planning initiatives.
• Promote continuous improvement across finance operations.

Qualifications and Requirements
Education:

• Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.
• Master's Degree in Finance, Accounting, Business Administration (MBA), or related field is an added advantage.

Experience:

• Minimum of 7–10 years of progressive accounting and finance experience.
• At least 5 years in a managerial position within a reputable hotel or hospitality organization.
• Experience in a superior luxury hotel or internationally branded hospitality establishment is highly preferred.

Professional Certifications: 

• ICAN (Mandatory or in progress).
• ACCA (Added advantage).
• ANAN.
• CFA (Added advantage).
• Certified Hospitality  Accountant Executive (CHAE) (Preferred).

Skills & Competencies:

• Financial Accounting.
• Hotel Cost Control.
• Financial Analysis.
• Budgeting & Forecasting.
• Inventory Management.
• Internal Controls.
• IFRS.
• Tax Planning.
• Cash Flow Management.
• Hospitality Accounting.
• PMS & POS Systems.
• ERP Systems.
• Advanced Microsoft Excel.
• Leadership.
• Analytical Thinking.
• Communication.
• Negotiation.
• Decision Making.