Accountant at a Bar, Lounge, and Saloon - Eliolat Consulting

Eliolat Consulting - Our clients, a start-up that runs a Bar, Lounge, and Saloon, is recruiting to fill the position below:

Job Title: Accountant

Location: Eputu, Lagos
Employment Type: Full-time

Job Description

• The Accountant is responsible for managing the financial activities of the bar, lounge, and salon business.
• This includes recording transactions, preparing financial statements, ensuring compliance with tax regulations, and providing financial insights to support decision-making.
• The ideal candidate will ensure the business's financial health while maintaining a clear understanding of industry-specific challenges.

Responsibilities
Financial Management & Reporting:

• Maintain accurate and up-to-date records of all financial transactions.
• Prepare monthly, quarterly, and annual financial statements.
• Monitor cash flow to ensure the business meets its financial obligations.
• Reconcile bank accounts and resolve discrepancies.

Revenue and Expense Tracking:

• Track sales and revenue from bar, lounge, and salon operations.
• Monitor and control operational costs, including inventory, staffing, and supplies.
• Conduct cost analyses to identify areas for efficiency and improvement.

Payroll & Tax Compliance:

• Process payroll, including tips and commissions for bar and salon staff.
• Ensure compliance with local, state, and federal tax regulations.
• Prepare and file VAT, income tax, and other required tax returns.

Inventory and Asset Management:

• Oversee inventory accounting for beverages, salon products, and supplies.
• Track depreciation and maintenance costs for equipment and assets.

Budgeting and Forecasting:

• Develop and manage budgets for each business segment.
• Provide financial forecasts to guide strategic planning.
• Identify potential financial risks and recommend mitigation strategies.

Internal Controls and Audit:

• Implement and maintain internal controls to prevent fraud and ensure accuracy.
• Prepare for and assist with external audits when required.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Proven experience in accounting for hospitality, retail, or similar industries.
• Proficiency in accounting software (e.g., QuickBooks, Sage) and Microsoft Excel.
• Strong understanding of inventory management and cost control principles.
• Knowledge of tax regulations and compliance requirements.
• Partly qualified ICAN student can apply.
• Excellent analytical, organizational, and problem-solving skills.
• High attention to detail and ability to work under pressure.
• This role requires a proactive, detail-oriented professional who can adapt to the dynamic environment of the bar, lounge, and salon industries while ensuring sound financial management.

Preferred:

• Familiarity with Point-of-Sale (POS) systems and salon management software.
• Experience with payroll for tipped employees and commission-based compensation.

Remuneration
N80,000 per month.

Application Closing Date
15th December, 2024.