Financial Accountant (Hospitality)

SUMMARY:
Job Description
Purpose of the Position
The Financial Accountant is responsible for managing and monitoring the financial activities of the hospitality establishment, ensuring accurate financial reporting, budgeting, cost control, and compliance with financial regulations. The role supports management in making informed financial decisions to improve profitability and operational efficiency.
 
Key Responsibilities
Financial Management

• Prepare monthly, quarterly, and annual financial statements.
• Maintain accurate accounting records and financial systems.
• Manage general ledger accounts and reconciliations.
• Monitor cash flow and banking activities.

• Assist in preparing annual budgets and forecasts.
• Monitor departmental budgets and expenditure.
• Analyse financial performance against budgets.

• Supervise accounts payable and accounts receivable.
• Process supplier payments and customer invoicing.
• Assist with payroll administration and statutory deductions.

• Prepare financial reports for management.
• Analyse revenue, expenses, and profitability.
• Provide recommendations for cost-saving measures.

• Ensure compliance with tax regulations and financial legislation.
• Prepare documents for internal and external audits.
• Maintain accurate records for auditing purposes.

• Monitor food and beverage costs.
• Control stock and inventory systems.
• Assist with pricing strategies and revenue management.

POSITION INFO:
Job Specification
Minimum Qualifications

• Bachelor’s Degree or Diploma in Accounting, Finance, or related field.
• Professional accounting qualification is advantageous.

• 3–5 years’ experience in accounting or finance.
• Previous experience in the hospitality industry preferred.
• Experience with accounting software and financial reporting systems.

• Financial accounting principles and practices.
• Budgeting and forecasting.
• Tax regulations and payroll administration.
• Hospitality financial operations and cost control.

• Strong numerical and analytical skills.
• Attention to detail and accuracy.
• Excellent communication and interpersonal skills.
• Computer literacy (Microsoft Excel and accounting software).
• Problem-solving and decision-making skills.
• Time management and organisational skills.

• Honest and trustworthy.
• Professional and ethical.
• Ability to work under pressure.
• Team player.
• Ability to maintain confidentiality.

• Office-based environment within a hospitality establishment such as a hotel, lodge, or resort.
• May be required to work overtime during month-end and audit periods.