Senior Accountant

Responsible for the management and reporting of financial information, including analysing data, preparing financial reports, budgets, tax returns, and accounting record

Key Responsibilities: (Not Limited to)

1. Financial Record Keeping and Reconciliation:
• Maintain and update financial records, including daily sales, cash flow, accounts payable, and accounts receivable.
• Reconcile bank statements, credit card statements, and vendor accounts monthly to ensure accuracy and identify discrepancies.
• Manage journal entries and general ledger postings for all financial transactions across restaurant locations.
2. Accounts Payable and Receivable Management:
• Oversee the accounts payable process, ensuring invoices are accurately recorded and paid in a timely manner.
• Manage accounts receivable, including invoicing, tracking payments, and following up on overdue accounts.
3. Payroll Processing and Benefits Management:
• Prepare and process payroll for restaurant employees, including tracking hours, deductions, and overtime.
• Ensure compliance with payroll laws and assist in managing employee benefits as needed.
4. Inventory and Cost Management:
• Collaborate with restaurant managers to monitor inventory levels, ensuring costs are controlled and aligned with budget goals.
• Track and analyze costs related to food, labor, and overhead to provide insights that help improve profitability.
5. Financial Reporting and Analysis:
• Prepare monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow reports.
• Analyze financial data to identify trends, variances, and areas for cost-saving opportunities.
• Present financial insights and recommendations to the finance team and management.
6. Budgeting and Forecasting:
• Assist in developing annual budgets for each restaurant location and monitor ongoing budget performance.
• Work closely with the finance team to provide accurate forecasts based on historical data and current financial trends.
7. Tax Preparation and Compliance:
• Prepare and file relevant tax documents and reports, including sales tax, VAT, and other local regulatory requirements.
• Coordinate with external tax consultants and auditors to ensure compliance with tax regulations and manage audits as needed.
8. Internal Controls and Process Improvement:
• Implement and maintain internal controls to ensure accurate financial reporting and safeguard company assets.
• Identify areas for process improvement and efficiency in financial operations and recommend best practices.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or equivalent certification preferred.
• 3+ years of accounting experience, ideally in the hospitality or restaurant industry.
• Proficiency in accounting software (e.g., Micro-pay, HRP5, Sage, Xero) and MS Excel.
• Strong understanding of GAAP (Generally Accepted Accounting Principles) and relevant tax regulations.
• Detail-oriented with excellent organizational and time-management skills.
• Ability to work independently and collaboratively within a team.

Personal Attributes:

• High level of integrity and professionalism.
• Strong analytical and problem-solving skills.
• Effective communication skills for working with both financial and non-financial team members.
• Adaptable and able to work in a fast-paced environment with multiple priorities.

Working Conditions:

• Primarily office-based with occasional visits to restaurant locations as needed.
• May require occasional weekend or after-hours work, especially during month-end or year-end closing periods.