Accountant (Hospitality) at Elvaridah Limited

At Elvaridah, we emphasize on the critical matters and prospects of organizations such as business growth, strategy, planning, marketing, structure, and people management across different industries. We help companies focus on the growth of their businesses while aligning costs with strategy. With our all-inclusive approach and expertise, we capture values across the boundaries of any organization. Elvaridah focuses on optimizing all the different parts of a business as a unit.

We are recruiting to fill the position below:

Job Title: Accountant (Hospitality)

Location: Lagos
Employment Type: Full-time

Job Summary

• The Accountant is responsible for managing the financial operations of the hospitality business, ensuring accurate financial reporting, cost control, and compliance with regulatory requirements.
• The role involves overseeing daily accounting activities, monitoring revenue streams, and supporting management with financial insights to drive profitability.

Key Responsibilities
Financial Management & Reporting:

• Prepare and maintain accurate financial records, including income statements, balance sheets, and cash flow reports.
• Generate periodic financial reports (daily, weekly, monthly) for management review.
• Monitor and analyze financial performance, identifying trends and areas for improvement.
• Ensure proper documentation and filing of all financial transactions.

Revenue & Cost Control:

• Track daily sales from various revenue streams (rooms, food & beverage, events, etc.).
• Reconcile sales reports with POS systems and bank statements.
• Monitor expenses and implement cost control measures to improve profitability.
• Analyze cost of goods sold (COGS), especially for food and beverage operations.

Accounts Payable & Receivable:

• Manage accounts payable and receivable processes efficiently.
• Ensure timely payment of vendors, suppliers, and service providers.
• Follow up on outstanding receivables and maintain healthy cash flow.
• Reconcile supplier statements and resolve discrepancies.

Payroll & Tax Compliance:

• Prepare and process staff payroll, ensuring accuracy and timeliness.
• Ensure compliance with applicable tax laws and statutory deductions.
• Prepare and file tax returns (VAT, withholding tax, PAYE, etc.) in line with local regulations.
• Liaise with auditors and regulatory bodies when required.

Inventory & Asset Management:

• Monitor inventory levels and perform periodic stock audits.
• Work closely with procurement and operations teams to track usage and minimize wastage.
• Maintain proper records of fixed assets and depreciation schedules.

Budgeting & Forecasting:

• Assist in preparing annual budgets and financial forecasts.
• Monitor budget performance and provide variance analysis.
• Support management in financial planning and decision-making.

Internal Controls & Compliance:

• Establish and maintain effective internal control systems.
• Ensure compliance with company policies and financial procedures.
• Identify financial risks and recommend mitigation strategies.

Qualifications & Requirements

• Bachelor’s Degree in Accounting, Finance, or a related field.
• Professional certification (e.g., ICAN, ACCA) is an added advantage.
• 3–5 years of accounting experience, preferably in the hospitality industry.
• Strong knowledge of accounting principles and financial regulations.
• Proficiency in accounting software and POS systems.
• Advanced Microsoft Excel skills.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: careers@elvaridah.com using the Job Title as the subject of the mail email.