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
Industry: Hospitality (Restaurant / Hote l/ Lounge / Catering)
Reports To: Finance Manager / General Manager

Job Summary

• The Accountant will be responsible for managing the financial operations of the business, ensuring accurate recording of transactions, cost control, compliance, and timely financial reporting.
• The role requires strong attention to detail and hands-on experience in hospitality accounting, including revenue tracking, inventory control, and expense management.

Key Responsibilities
Financial Reporting & Accounting:

• Prepare daily, weekly, and monthly financial reports (P&L, cash flow, balance sheet)
• Maintain accurate financial records and general ledger entries
• Reconcile bank statements, POS transactions, and cash sales
• Ensure proper documentation and filing of all financial transactions.

Revenue & Sales Monitoring:

• Monitor daily sales and reconcile with POS systems and bank deposits
• Investigate discrepancies between recorded sales and actual receipts
• Track revenue across multiple streams (dine-in, takeaway, delivery, events).

Cost Control & Inventory Management:

• Monitor food and beverage costs to ensure profitability targets are met
• Conduct regular inventory audits and variance analysis
• Work closely with procurement and kitchen teams to control wastage and pilferage
• Track cost of goods sold (COGS) and recommend cost-saving measures.

Accounts Payable & Receivable:

• Manage supplier invoices, payments, and vendor relationships
• Ensure timely payment of bills and proper expense classification
• Monitor receivables where applicable (corporate clients, events, etc.).

Budgeting & Financial Planning:

• Assist in preparing annual budgets and financial forecasts
• Monitor actual performance against budget and provide variance analysis
• Support management with financial insights for decision-making.

Tax & Regulatory Compliance:

• Prepare and file tax returns (VAT, WHT, PAYE) in compliance with regulations
• Ensure adherence to financial policies and internal controls
• Support internal and external audit processes.

Internal Controls & Risk Management:

• Implement and maintain strong internal controls to prevent fraud and errors
• Monitor cash handling procedures and enforce accountability
• Identify financial risks and recommend corrective actions.

Systems & Process Improvement:

• Utilize accounting software and POS systems efficiently
• Improve financial processes for better accuracy and efficiency
• Train staff on basic financial procedures where necessary.

Key Requirements
Education & Experience:

• Bachelor’s Degree in Accounting, Finance, or related field
• 3–5 years’ experience in accounting, preferably in hospitality
• Professional certification (ICAN, ACCA) is an added advantage.

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.