Accountant

Responsibilities:

• Maintain accurate and up-to-date financial records, including income statements, balance sheets, and cash flow statements, ensuring all transactions are recorded properly.
• Monitor daily revenue from sales and manage expenses, ensuring financial transparency and cost control.
• Reconcile daily cash receipts, credit card transactions, and bank deposits.
• Develop and manage the restaurant's budget, tracking expenses against projections, identifying cost-saving opportunities, and ensuring adherence to budgetary goals.
• Oversee payroll processing, ensuring timely and accurate payments to staff, compliance with tax regulations, and management of benefits and deductions.
• Manage accounts payable by processing vendor invoices, ensuring timely payments, and maintaining positive relationships with suppliers.
• Oversee accounts receivable, ensuring that all customer payments are collected in a timely manner.
• Prepare regular financial reports, including profit and loss statements, cash flow reports, and financial forecasts, and present them to senior management with actionable insights.
• Collaborate with the kitchen and procurement teams to monitor inventory levels, ensuring proper costing of ingredients and supplies to maintain profitability.
• Ensure compliance with all local and federal tax regulations, including preparing and filing tax returns, managing VAT and sales tax obligations, and maintaining proper records for audits.
• Implement and maintain internal controls to prevent fraud and ensure the integrity of the restaurant’s financial operations.
• Perform monthly bank reconciliations to verify the accuracy of financial records and resolve any discrepancies promptly.
• Conduct financial analysis to identify trends, opportunities for growth, and areas for cost reduction.
• Provide insights and recommendations to improve profitability.
• Ensure all financial activities comply with restaurant policies, industry regulations, and financial reporting standards.

Requirements:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience in accounting roles, preferably within the hospitality or restaurant industry.
• Strong knowledge of accounting principles, financial reporting, and budgeting.
• Proficiency in accounting software (e.g., QuickBooks, Sage) and Microsoft Excel.
• Excellent organizational and time management skills.
• Strong attention to detail and accuracy in financial recordkeeping.
• Ability to analyze financial data and provide actionable recommendations.
• Knowledge of tax regulations and compliance requirements in the restaurant sector.
• Effective communication skills and the ability to work collaboratively with cross-functional teams.