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Financial Accountant at a Reputable Restaurant – Global Rainbowbird Partners

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View Jobs at Global Rainbowbird Partners
Full Time Jobs
Lagos Victoria Island
Posted 5 months ago

Job Title: Financial Accountant

Responsibilities
Financial Reporting:

  • Prepare accurate financial statements, including profit and loss statements, balance sheets, and cash flow reports.
  • Ensure timely monthly, quarterly, and annual financial reporting.

Budgeting and Forecasting:

  • Develop and manage budgets for the restaurant or hotel operations.
  • Monitor actual performance against budgets and forecasts.

Cost Control and Analysis:

  • Analyze food, beverage, and labor costs to ensure profitability.
  • Identify and recommend cost-saving measures.

Revenue Management:

  • Monitor and analyze revenue streams (e.g., room bookings, restaurant sales).
  • Assist in developing pricing strategies to optimize revenue.

Tax Compliance:

  • Ensure compliance with tax regulations, including VAT, corporate tax, and payroll taxes.
  • Prepare and submit tax returns accurately and on time.

Accounts Payable and Receivable:

  • Oversee billing, invoicing, and collections processes.
  • Manage supplier payments and maintain good vendor relationships.

Internal Controls:

  • Implement and maintain internal control systems to prevent fraud and errors.
  • Conduct audits of financial processes and inventory management.

Collaboration with Departments:

  • Work closely with kitchen, front office, and operations teams to align financial goals with operational strategies.
  • Provide financial insights to support decision-making.

Cash Flow Management:

  • Manage cash flow to ensure adequate liquidity for daily operations.
  • Oversee bank reconciliations and petty cash management.

Regulatory Compliance:

  • Ensure compliance with accounting standards and industry regulations.
  • Liaise with external auditors during audits.

Skills and Requirements
Educational Qualifications:

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • Professional certification (e.g., ACA, ACCA, CPA) is highly desirable.

Technical Skills:

  • Proficiency in accounting software (e.g., QuickBooks, Xero, or Sage) and property management systems (PMS) used in the hotel industry.
  • Advanced knowledge of Microsoft Excel (e.g., pivot tables, financial modeling).
  • Strong understanding of IFRS and GAAP standards.
  • Knowledge of hotel and restaurant-specific metrics (e.g., RevPAR, food cost percentage).

Key Soft Skills:

  • Analytical Skills:
  • Ability to analyze complex financial data and derive actionable insights.
  • Attention to Detail:
  • High accuracy in financial reporting and compliance documentation.
  • Communication:
  • Clear and concise communication skills to explain financial matters to non-financial stakeholders.
  • Problem-Solving:
  • Ability to identify financial discrepancies and propose solutions.
  • Time Management:
  • Capability to meet tight deadlines in a fast-paced environment.
  • Collaboration:
  • Team player with the ability to work across departments.

Experience:

  • Minimum of 3 – 5 years of experience in accounting, preferably in the hospitality industry.
  • Familiarity with restaurant POS systems and hotel management software is a plus.
  • Proven track record in managing budgets and financial reporting.

Salary
N200,000 – N250,000 Monthly.

Application Instructions:

The application deadline is on 29th February, 2025. Qualified and interested candidates should send their updated Resume to: [email protected] using the Job Title as the subject of the email.

Note: Only qualified candidates will be contacted. It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.

Job Features

Job CategoryAccounting / Accountant / Auditing / Tax / Finance Jobs

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