Job Summary:

We are seeking a skilled and detail-oriented Accountant to join the team at a prestigious fine dining restaurant. The Restaurant Accountant, will be responsible for managing the financial operations of the restaurant, ensuring accuracy, compliance, and effective financial management.

Responsibilities

Financial Record keeping:

Maintain accurate and up-to-date financial records for the restaurant, including sales transactions, expenses, and other financial activities.
Monitor and reconcile daily sales, ensuring all transactions are recorded accurately.

Accounts Payable and Receivable:

Manage accounts payable processes, including processing vendor invoices, ensuring proper coding, and timely payment.
Handle accounts receivable functions, invoicing customers, and following up on outstanding payments.

Budgeting and Forecasting:

Collaborate with restaurant management to develop annual budgets and financial forecasts.
Monitor actual financial performance against budgets, identifying and explaining variances.

Financial Reporting:

Prepare regular financial statements, including profit and loss statements, balance sheets, and cash flow statements.
Generate management reports to provide insights into financial performance, trends, and areas for improvement.

Inventory Management:

Work closely with the restaurant team to manage inventory levels and ensure accurate recording of inventory transactions.
Conduct regular inventory reconciliations and assist in optimizing inventory turnover.

Tax Compliance:

Ensure compliance with local tax regulations and requirements, including VAT, PAYE, and other relevant taxes.
Prepare and submit accurate tax returns and reports within established deadlines.

Financial Analysis:

Analyze financial data to identify opportunities for cost reduction, revenue enhancement, and operational efficiency.
Provide insights to support strategic decision-making and business growth initiatives.

Internal Controls:

Implement and maintain internal control procedures to safeguard assets and prevent fraud.
Recommend improvements to financial processes and controls as needed.

Cross-Functional Collaboration:

Collaborate with other departments, such as operations and procurement, to ensure accurate financial information flow.
Provide financial guidance and support to assist in achieving business objectives.

Qualification & Experience

Education

Bachelor's degree in Accounting, Finance, or a related field.
Professional certification such as CPA or ACCA is preferred.

Experience

Proven experience 2 years working as an Accountant, preferably in the hospitality or fine dining industry.
Proficiency in accounting software and Microsoft Office suite.
Strong understanding of local accounting regulations and tax laws.

Knowledge, skills and abilities

Excellent attention to detail and accuracy.
Strong analytical and problem-solving skills.
Effective communication and interpersonal skills.
Ability to work in a fast-paced, dynamic environment

Qualified candidates are advised to share updated CV to careers@reedsafricaconsult.com by 10th September 2023 indicating “ Accountant” as the subject of the email.