Accountant (Signature Lounge) at Venmac Resources Limited

Venmac Resources Limited is a hotel management company with an unmatched experience in the hospitality Industry. Over the years, we have worked with reputable 3-5 star hotels across the nation providing business solutions in the hospitality industry and we have earned ourselves as one of the emerging hospitality management company committed to seeing our clients satisfied, hence our slogan ‘Thinking Beyond Boundaries.’

We are recruiting to fill position below:

Job Title: Accountant (Signature Lounge)

Location: Kubwa, Abuja
Job Type: Full time

Job Summary

• The Hotel Accountant is responsible for managing the hotel’s financial transactions, maintaining accurate financial records, preparing reports, and ensuring compliance with accounting standards and company policies.
• This role ensures proper control of hotel revenues, expenses, assets, and liabilities to support management in decision-making and maintain profitability.

Key Responsibilities
Financial Accounting and Reporting:

• Record, classify, and summarize daily financial transactions of the hotel.
• Prepare monthly, quarterly, and annual financial statements.
• Monitor accounts payable, accounts receivable, and general ledger reconciliations.
• Ensure compliance with local tax regulations and timely filing of tax returns.
• Prepare payroll and ensure statutory deductions are remitted on time.
• Maintain accurate financial records for the hotel.
• Prepare daily, weekly, and monthly financial reports.
• Monitor hotel revenue streams including rooms, food & beverage, and other services.
• Ensure proper recording of all financial transactions.

Revenue and Expense Management:

• Audit daily revenue reports and reconcile with front office and POS systems.
• Verify and analyse income from rooms, food & beverage, banquets, and other hotel departments.
• Track operating expenses and ensure cost control measures are followed.
• Conduct variance analysis and report discrepancies to management.
• Verify daily revenue reports from Front Office and POS systems.
• Ensure all sales transactions are properly captured and reconciled.
• Monitor room revenue, occupancy reports, and rate accuracy.
• Review credit card transactions and online booking payments.

Internal Controls and Compliance:

• Implement and monitor internal financial controls.
• Ensure compliance with hotel accounting policies, corporate standards, and regulatory requirements.
• Support external and internal audits by providing required documentation.

Budgeting and Forecasting:

• Assist management in the preparation of annual budgets and forecasts.
• Monitor budget performance and highlight variances.
• Provide financial insights to support business strategy and profitability.

Cash and Asset Management:

• Manage cash flow and ensure sufficient funds for hotel operations.
• Monitor bank reconciliations and petty cash management.
• Safeguard the hotel’s financial assets and maintain proper documentation.

Inventory & Cost Control:

• Work with stores and procurement departments to monitor inventory usage.
• Conduct periodic inventory checks for:
  • Food and beverage stock
  • Housekeeping supplies
  • Maintenance materials
• Ensure proper cost control measures are implemented.

Bank & Cash Management:

• Monitor cash flow and maintain adequate cash balances.
• Reconcile bank statements regularly.
• Manage petty cash accounts and ensure proper documentation.

Compliance & Internal Control:

• Ensure compliance with accounting standards and financial regulations.
• Implement and monitor internal financial control systems.
• Work closely with the Internal Auditor during audit reviews.

Financial Reporting:

• Prepare monthly management accounts and financial statements.
• Present financial performance reports to management.
• Analyze revenue trends, expenses, and profitability.

Salary Range
N150,000 - N200,000 / month

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should forward their CV to: venmachospitality@gmail.com using the Position as the subject of the email.