Accountant at Reeds Africa Consult

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.