SR. ACCOUNTANT

Job Summary

Responsible for overseeing all financial activities within the company, ensuring accurate financial reporting, budgeting, and forecasting. Role requires a strong understanding of financial analysis, cash flow management, and regulatory compliance, as well as the ability to provide strategic financial insights to senior management. Will also lead a team of finance professionals, fostering a culture of continuous improvement and financial excellence.

Key Responsibilities

1. Prepare and review financial statements, including balance sheets, income statements, and cash flow statements, ensuring accuracy and compliance with accounting standards.

2. Oversee and maintain the general ledger, ensuring that all transactions are recorded accurately and in accordance with company policies.

3. Assist in the preparation of budgets and forecasts, providing insights to ensure that the company meets its financial targets.

4. Coordinate month-end and year-end closing processes, ensuring that all financial data is accurately reflected and reported on time.

5. Perform reconciliations of accounts, ensuring that balances match and investigating discrepancies when necessary.

6. Ensure compliance with tax regulations and help in preparing tax returns. Assist in audits, both internal and external, to ensure adherence to tax laws.

7. Monitor cash flow and assist in managing working capital to optimize liquidity.

8. Analyze financial data to identify trends, variances, and areas for improvement. Provide recommendations for cost reduction and process improvements.

9. Implement and monitor internal controls to safeguard company assets and ensure the integrity of financial data.

10. Coordinate with external auditors for annual audits and provide necessary documentation and explanations.

11. Oversee the cost allocation process and ensure that accounting systems and software are properly maintained and updated.

12. Supervise junior accountants, providing guidance, training, and development to ensure a high standard of accounting practices.

13. Stay updated on financial regulations and accounting standards to ensure compliance with relevant laws and regulations.

14. Present financial reports and insights to management, supporting decision-making with accurate and timely financial data.

15. Support payroll processing in coordination with the HR department.

16. Performs other duties assigned.

Qualification, Experience & Knowledge

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (Master’s or professional qualifications such as CPA, ACCA, CMA is a plus).
• Minimum of 5 years of experience as a Senior Accountant, with at least 3 years in the F&B industry.
• Proven experience in managing accounting processes specific to the F&B sector, including food cost analysis, inventory control, and revenue recognition.
• Expertise in handling general ledger entries, reconciliations, and preparing financial statements tailored to F&B operations.
• Strong experience in managing accounts payable and receivable for multiple F&B outlets, ensuring timely payments and collections.
• In-depth knowledge of F&B industry accounting standards, tax compliance, and regulations.
• Familiarity with cost accounting methods, including standard costing, and the ability to analyze food and beverage margins and profitability.
• Experience in preparing financial reports for management, with a focus on operational performance, budgeting, and financial forecasting for the F&B sector.
• Familiarity with F&B point-of-sale (POS) systems, inventory management systems, and financial software used in the hospitality industry.
• Ability to manage and report on financial transactions, ensuring accuracy and compliance with company policies and local laws.
• Experience in conducting financial audits, working closely with internal auditors, and ensuring all financial records are accurate and up to date.

Job Type: Full-time

Application Question(s):

• How many year experience as a Sr. Accountant?
• What is your nationality?
• How many experience do you have in F&B Industry?
• how much is your expected salary?
• you can join immediately?