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Accountant

1 month ago

Lekki, Nigeria FoliXx Hospitality Full time

Description 

  • His role requires a strong attention to detail, financial acumen, and the ability to collaborate with various departments to ensure financial goals are met.

Responsibilities
Financial Record Keeping:

  • Maintain accurate and up-to-date financial records for the restaurant.
  • Record daily transactions, including sales, expenses, and payroll.

Budgeting and Forecasting:

  • Collaborate with management in the preparation of budgets and financial forecasts.
  • Monitor budgetary performance and provide regular updates to management.

Accounts Payable and Receivable:

  • Manage accounts payable processes, including invoice verification and payment processing.
  • Oversee accounts receivable, ensuring timely collection of payments from customers.

Bank Reconciliation:

  • Conduct regular bank reconciliation to ensure accuracy in financial statements.
  • Investigate and resolve discrepancies in a timely manner.

Financial Reporting:

  • Generate and analyze financial reports, such as profit and loss statements and balance sheets.
  • Provide detailed financial reports to management on a regular basis.

Tax Compliance:

  • Ensure compliance with tax regulations and prepare necessary documents for tax filing.
  • Collaborate with external accountants or tax consultants as needed.

Financial Analysis:

  • Conduct financial analysis to identify trends, variances, and areas for improvement.
  • Provide insights to management for informed decision-making.

Cash Management:

  • Manage cash flow by monitoring daily cash transactions and forecasting future needs.
  • Implement measures to optimize cash handling and minimize risks.

Payroll Administration:

  • Oversee payroll processing, ensuring accuracy and compliance with labor laws.
  • Address payroll-related inquiries from employees.

Internal Controls:

  • Establish and maintain internal controls to safeguard financial assets.
  • Conduct periodic audits to ensure adherence to financial policies and procedures.

Financial Compliance:

  • Ensure compliance with financial regulations and industry standards.
  • Stay informed about changes in financial regulations that may impact the restaurant.

Cost Control:

  • Analyse costs and expenses, identifying opportunities for cost control.
  • Collaborate with management to implement cost-saving measures.

Financial Planning and Strategy:

  • Contribute to the development of financial strategies to achieve business objectives.
  • Provide financial insights for strategic planning and decision-making.

Record Retention:

  • Maintain organized and secure records, ensuring compliance with record-keeping requirements.
  • Facilitate access to financial records for audits or inquiries.

Requirements

  • Bachelor's Degree in Accounting, Finance, or a related field.
  • Proven experience in accounting or finance, preferably in the restaurant industry.
  • Knowledge of accounting principles, financial regulations, and tax laws.
  • Proficiency in accounting software and Microsoft Excel.
  • Strong analytical and problem-solving skills.
  • Excellent organizational and time-management abilities.
  • Effective communication and interpersonal skills.

Deadline: 18th October, 2024.