Lead Accountant at a Reputable Hospitality Company - Worknigeria

Worknigeria - Our client in the hospitality sector is recruiting qualified candidates to fill the position below:

Job Title: Lead Accountant

Location: Port Harcourt, Rivers
Employment Type: Full-time

Job Summary

• The Lead Accountant in the hospitality industry is responsible for overseeing all financial operations of a hotel, resort, or hospitality business.
• This includes managing day-to-day accounting tasks, preparing financial reports, managing budgets, ensuring tax compliance, and providing strategic financial insights to senior management.
• The Lead Accountant will ensure the accuracy of all financial records and help optimize the financial health of the hospitality establishment.

Key Responsibilities
Financial Reporting:

• Prepare, review, and analyze monthly, quarterly, and annual financial statements, ensuring they are accurate and comply with industry accounting standards (e.g IFRS).

Budgeting & Forecasting:

• Develop, manage, and monitor the annual operating budget.
• Provide forecasts and financial analysis to support strategic decision-making and operational goals.

Accounts Management:

• Supervise accounts payable and accounts receivable functions, ensuring all financial transactions, such as guest payments, vendor payments, and employee reimbursements, are processed timely and accurately.

Cash Flow Management:

• Monitor the companys cash flow to ensure that there are adequate funds available to meet operational needs.
• Recommend actions to improve cash management practices.

Billing & Collections:

• Oversee the billing process for guests, ensuring the timely and accurate issuance of invoices.
• Manage collections processes and resolve any discrepancies or guest-related financial issues promptly.

Payroll Administration:

• Ensure the timely and accurate processing of payroll, including salaries, benefits, and bonuses.
• Adhere to tax regulations and ensure proper documentation for compliance.

Audit & Compliance:

• Manage internal and external audits, ensuring that all financial activities comply with local, state, and federal regulations.
• Oversee the preparation and filing of tax returns and ensure the establishment remains compliant with tax laws.

Financial Analysis & Reporting:

• Provide financial insights, reports, and recommendations to senior management, helping guide decisions related to pricing, cost control, and profitability.
• Analyze trends and benchmarks in the hospitality industry.

Cost Control & Profitability:

• Identify and implement cost-saving measures to improve profitability.
• Analyze operational costs, such as utilities, maintenance, and staffing, and recommend improvements or adjustments to maximize financial performance.

Team Supervision & Development:

• Supervise and mentor accounting staff, providing training and guidance on accounting procedures, internal controls, and industry standards.
• Foster a collaborative team environment to ensure smooth financial operations.

Internal Controls & Compliance:

• Implement and monitor internal financial controls to safeguard the organizations assets.
• Ensure adherence to all financial policies, including those related to cash handling, guest payments, and expense reporting.

Key Skills & Qualifications

• HND / BSc in Accounting
• ICAN certification will be an added advantage
• 2 - 5 years of accounting experience.

Technical Skills:

• Proficiency in accounting software (e.g., QuickBooks, Sage, Oracle). Advanced skills in MS Excel and financial modelling.
• Knowledge of Hospitality Industry Financials:

Salary
N150,000 - N200,000 Monthly.

Application Closing Date
18th December, 2024.