Chief Accountant / Asst Finance Manager

Job Title

Chief Accountant

Department

Finance & Accounts

Location

Kingdom of Bahrain

Reports To

Group Finance Head

Job Summary

The Chief Accountant is responsible for overseeing all accounting and financial operations of a five-star hotel in Bahrain, including rooms division and multiple food & beverage outlets. The role ensures accurate financial reporting, strong internal controls, compliance with Bahrain laws and tax regulations, and adherence to international hotel brand standards. The Chief Accountant plays a key role in supporting hotel management through financial analysis, budgeting, and cost control.

Key Responsibilities Financial Accounting & Reporting

• Manage daily accounting operations including General Ledger, Accounts Payable, Accounts Receivable, Payroll, and Cashiering.
• Ensure timely and accurate preparation of monthly financial statements in accordance with IFRS and hotel brand standards.
• Prepare and review journal entries, accruals, and balance sheet reconciliations.
• Oversee bank reconciliations, cash flow management, and treasury activities.
• Coordinate year-end closing and liaise with external auditors.

Revenue & Rooms Accounting

• Supervise room revenue accounting, city ledger, guest ledger, and credit management.
• Ensure accurate revenue recognition and compliance with hotel policies.
• Monitor billing accuracy, credit limits, and timely collection of receivables.

Food & Beverage Accounting

• Oversee accounting operations for multiple F&B outlets, including revenue postings, POS reconciliation, and cost of sales.
• Review F&B cost percentages, menu costing, and variance analysis.
• Ensure proper inventory controls, stock counts, valuation, and wastage monitoring.
• Work closely with Purchasing and Stores to maintain effective cost control.

Budgeting, Forecasting & Cost Control

• Assist in preparation of annual budgets, forecasts, and business plans.
• Analyze actual results versus budget and provide detailed explanations to management.
• Support department heads in identifying cost-saving and efficiency initiatives.

Compliance & Statutory Requirements (Bahrain)

• Ensure compliance with Bahrain VAT regulations, including VAT calculations, filings, and audits.
• Oversee statutory compliance related to LMRA, GOSI, and local labor regulations.
• Ensure timely processing of payroll, end-of-service benefits, and employee-related statutory requirements.
• Maintain strong internal controls to safeguard hotel assets and prevent fraud.

Systems & Controls

• Ensure accurate integration between PMS, POS, and accounting systems.
• Maintain and enforce finance SOPs in line with hotel brand and corporate requirements.
• Support system upgrades, audits, and process improvements.

Leadership & Coordination

• Supervise, train, and develop the accounting team to ensure high performance and compliance.
• Coordinate with Front Office, F&B, HR, Purchasing, and Engineering departments.
• Act as the main finance contact for auditors, banks, tax consultants, and regulatory authorities.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or Commerce.
• Professional qualification (CA, CPA, ACCA, CMA) is preferred.
• Minimum 5–8 years of experience in hotel accounting, with at least 3–5 years in a five-star or luxury hotel.
• Prior experience in the GCC or Bahrain is highly desirable.
• Strong knowledge of hotel systems (Opera, SUN, SAP, Oracle, or similar) IDS added advantage.

Skills & Competencies

• Strong understanding of Bahrain financial, VAT, and labor regulations
• Excellent analytical and reporting skills
• High attention to detail and accuracy
• Ability to work under pressure and meet deadlines
• Strong leadership and team management skills
• Effective communication and interpersonal abilities

Job Type: Full-time