Financial Accountant at a Reputable Restaurant - Global Rainbowbird Partners

Global Rainbowbird Partners - Our client, a reputable restaurant, is recruiting to fill the position below:

Job Title: Financial Accountant

Location: Victoria Island, Lagos
Employment Type: Full-time

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 Closing Date
29th February, 2025.