Financial Accountant (Hospitality)

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.

Budgeting and Forecasting

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

Accounts and Payroll

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

Reporting and Analysis

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

Compliance and Auditing

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

Hospitality Operations Support

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

Job Specification

Minimum Qualifications

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

Experience

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

Knowledge

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

Skills

• 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.

Personal Attributes

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

Working Conditions

• 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.

Reporting To

Financial Manager / General Manager