Financial Accountant at a Reputable Restaurant – Global Rainbowbird Partners


Global Rainbowbird Partners

Global Rainbowbird Partners – Our client, a reputable restaurant, is recruiting to fill the position below:

Job Title: Financial Accountant

Location: Victoria Island, Lagos
Employment Type: Full-time

Responsibilities
Financial Reporting:

  • Prepare accurate financial statements, including profit and loss statements, balance sheets, and cash flow reports.
  • Ensure timely monthly, quarterly, and annual financial reporting.

Budgeting and Forecasting:

  • Develop and manage budgets for the restaurant or hotel operations.
  • Monitor actual performance against budgets and forecasts.

Cost Control and Analysis:

  • Analyze food, beverage, and labor costs to ensure profitability.
  • Identify and recommend cost-saving measures.

Revenue Management:

  • Monitor and analyze revenue streams (e.g., room bookings, restaurant sales).
  • Assist in developing pricing strategies to optimize revenue.

Tax Compliance:

  • Ensure compliance with tax regulations, including VAT, corporate tax, and payroll taxes.
  • Prepare and submit tax returns accurately and on time.

Accounts Payable and Receivable:

  • Oversee billing, invoicing, and collections processes.
  • Manage supplier payments and maintain good vendor relationships.

Internal Controls:

  • Implement and maintain internal control systems to prevent fraud and errors.
  • Conduct audits of financial processes and inventory management.

Collaboration with Departments:

  • Work closely with kitchen, front office, and operations teams to align financial goals with operational strategies.
  • Provide financial insights to support decision-making.

Cash Flow Management:

  • Manage cash flow to ensure adequate liquidity for daily operations.
  • Oversee bank reconciliations and petty cash management.

Regulatory Compliance:

  • Ensure compliance with accounting standards and industry regulations.
  • Liaise with external auditors during audits.

Skills and Requirements
Educational Qualifications:

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • Professional certification (e.g., ACA, ACCA, CPA) is highly desirable.

Technical Skills:

  • Proficiency in accounting software (e.g., QuickBooks, Xero, or Sage) and property management systems (PMS) used in the hotel industry.
  • Advanced knowledge of Microsoft Excel (e.g., pivot tables, financial modeling).
  • Strong understanding of IFRS and GAAP standards.
  • Knowledge of hotel and restaurant-specific metrics (e.g., RevPAR, food cost percentage).

Key Soft Skills:

  • Analytical Skills:
  • Ability to analyze complex financial data and derive actionable insights.
  • Attention to Detail:
  • High accuracy in financial reporting and compliance documentation.
  • Communication:
  • Clear and concise communication skills to explain financial matters to non-financial stakeholders.
  • Problem-Solving:
  • Ability to identify financial discrepancies and propose solutions.
  • Time Management:
  • Capability to meet tight deadlines in a fast-paced environment.
  • Collaboration:
  • Team player with the ability to work across departments.

Experience:

  • Minimum of 3 – 5 years of experience in accounting, preferably in the hospitality industry.
  • Familiarity with restaurant POS systems and hotel management software is a plus.
  • Proven track record in managing budgets and financial reporting.

Salary
N200,000 – N250,000 Monthly.

Application Closing Date
29th February, 2025.

How to Apply
Interested and qualified candidates should send their CV to: grpmesg@gmail.comusing the Job Title as the subject of the mail.