Chief Accountant At Domeo Resources International (dri)

Job Summary

• We are seeking an experienced, highly organized, and detail-oriented Chief Accountant to lead the Finance & Accounts function of the hotel.
• The Chief Accountant will be responsible for maintaining accurate financial records, overseeing accounting operations, managing financial controls, monitoring hotel revenue and expenditure, and providing timely financial information to management for effective decision-making.
• The successful candidate will oversee accounting activities covering hotel revenue, cash management, accounts payable, accounts receivable, payroll, purchasing, inventory, bank reconciliations, financial reporting, budgeting, and statutory compliance.

Key Responsibilities

Financial Management & Accounting Operations:

• Lead and supervise the day-to-day activities of the Finance & Accounts Department.
• Ensure accurate and timely recording of all hotel financial transactions.
• Maintain proper books of accounts and supporting financial documentation.
• Establish and maintain effective accounting procedures and controls.
• Ensure all accounting activities comply with approved hotel policies and accounting standards.

Hotel Revenue & Daily Financial Audit:

• Oversee the recording and reconciliation of revenue from rooms, restaurants, bars, banquets, events, conference facilities, and other hotel operations.
• Review daily revenue reports from the Front Office, POS, PMS, and other revenue-generating departments.
• Reconcile daily sales with cash, card, transfer, and other payment collections.
• Review discounts, complimentary services, refunds, voids, allowances, and adjustments for proper authorization.
• Investigate revenue discrepancies and report significant issues to management.
• Work closely with the Internal Audit Department to strengthen revenue controls.

Cash & Banking Management:

• Monitor daily cash collections and ensure timely banking of hotel funds.
• Review cashier reports and cash reconciliations.
• Supervise preparation and review of bank reconciliations.
• Monitor hotel bank accounts and investigate unusual or outstanding transactions.
• Ensure appropriate controls are maintained over cash handling and banking.
• Maintain accurate records of all cash and banking transactions.

Accounts Payable & Receivable:

• Supervise the processing and payment of approved supplier invoices.
• Review invoices, purchase orders, delivery documentation, and approvals before payment.
• Maintain accurate supplier and creditor records.
• Monitor outstanding receivables and follow up on overdue corporate or customer accounts.
• Ensure accurate posting and reconciliation of accounts payable and receivable transactions.
• Resolve discrepancies with suppliers and customers where necessary.

Payroll & Staff-Related Payments:

• Supervise the preparation of monthly payroll in accordance with approved employee records.
• Verify salaries, allowances, overtime, deductions, loans, advances, and other staff-related payments.
• Ensure appropriate statutory deductions and remittances are processed.
• Reconcile payroll records with approved staff lists and attendance information.
• Maintain confidentiality of employee financial information.

Budgeting & Financial Planning:

• Assist management in preparing the hotel's annual operating budget.
• Monitor actual income and expenditure against approved budgets.
• Analyze significant budget variances and provide explanations to management.
• Support departmental heads in understanding and controlling their budgets.
• Provide financial information to support business planning and operational decisions.

Inventory & Cost Control:

• Work with Procurement, Stores, Food & Beverage, and other departments to maintain effective inventory controls.
• Review stock purchases, issues, transfers, wastage, and adjustments.
• Monitor food and beverage costs and investigate unusual variances.
• Participate in periodic stock counts and reconciliation of physical stock with accounting records.
• Identify opportunities to reduce unnecessary costs, wastage, and financial leakage.

Financial Reporting:

• Prepare accurate monthly management accounts and financial reports.
• Prepare income statements, balance sheets, cash-flow reports, and other financial schedules as required.
• Provide management with financial analysis and explanations of key movements in income and expenditure.
• Ensure financial records are complete and up to date.
• Maintain proper documentation to support all financial reports.

Tax & Statutory Compliance:

• Ensure timely preparation and payment of applicable taxes and statutory obligations.
• Maintain accurate tax records and supporting documentation.
• Liaise with relevant tax authorities, auditors, consultants, and regulatory bodies when required.
• Support statutory and external audits by providing requested financial information and documentation.
• Keep management informed of relevant accounting and statutory requirements affecting hotel operations.

Internal Controls & Risk Management:

• Establish and monitor appropriate financial controls to safeguard hotel assets.
• Review financial processes to identify risks, weaknesses, errors, and potential losses.
• Ensure proper authorization and documentation of financial transactions.
• Monitor compliance with approved financial policies and procedures.
• Work with the Chief Internal Auditor to address control weaknesses and implement corrective measures.

Asset & Fixed Asset Management:

• Maintain accurate records of hotel fixed assets.
• Ensure purchases, transfers, disposals, and write-offs of assets are properly authorized and recorded.
• Participate in periodic physical verification of hotel assets.
• Investigate discrepancies relating to missing, damaged, or unrecorded assets.

Team Leadership & Department Management:

• Supervise, train, and develop members of the Finance & Accounts team.
• Assign responsibilities and monitor completion of accounting tasks.
• Promote accuracy, accountability, confidentiality, and professional standards within the department.
• Conduct regular departmental reviews and identify training needs.
• Work closely with other hotel departments to ensure effective financial coordination.

Management Support:

• Provide financial advice and analysis to the General Manager and management team.
• Support management in evaluating expenditure, investments, contracts, and business proposals.
• Identify opportunities to improve profitability, cost efficiency, and financial controls.
• Participate in management meetings and provide relevant financial information when required.

Requirements & Qualifications

• Bachelor's Degree or HND in Accounting, Finance, Economics, or a related discipline.
• 4 - 6 years of relevant accounting experience, preferably with supervisory or managerial responsibilities.
• Professional accounting qualification such as ACA, ACCA, ANAN, or equivalent is strongly preferred.
• Previous experience in a hotel, hospitality group, restaurant, resort, or similar service organization is an advantage.
• Strong knowledge of accounting principles, financial reporting, budgeting, taxation, and internal controls.
• Practical experience with hotel accounting operations, including PMS/POS revenue reconciliation, daily sales audit, cash management, inventory, and cost control.
• Proficiency in Microsoft Excel and accounting software; experience with hotel management or accounting systems is an advantage.
• Good knowledge of Nigerian tax and statutory financial requirements.
• Strong experience in preparing management accounts, financial reports, budgets, and financial analysis.

Required Skills & Competencies:

• Strong accounting and financial management skills.
• Excellent knowledge of hotel accounting operations.
• Strong understanding of revenue and cost control.
• Excellent knowledge of financial reporting and management accounts.
• Strong budgeting and financial analysis skills.
• Good knowledge of taxation and statutory compliance in Nigeria.
• Strong knowledge of internal controls and financial procedures.
• Proficiency in Microsoft Excel and accounting software.
• Familiarity with hotel PMS and POS systems.
• Strong reconciliation and analytical skills.
• Excellent attention to detail.
• Strong leadership and team-management abilities.
• Excellent communication and report-writing skills.
• Ability to meet deadlines and work under pressure.
• High level of confidentiality and professional integrity.

Personal Attributes:

• Honest and trustworthy.
• Highly analytical and detail-oriented.
• Organized and methodical.
• Responsible and accountable.
• Professional and disciplined.
• Strong ethical standards.
• Firm but approachable.
• Excellent problem solver.
• Good judgement and decision-making ability.
• Calm and composed under pressure.
• Proactive and self-motivated.
• Strong team player.
• Committed to accuracy and financial integrity.