Head, Finance & Account at Sora Restaurant

Sora Restaurant is recruiting to fill the position below:

Job Title: Head, Finance & Account

Location: Oniru, Lagos
Employment Type: Full-time

Job Summary

• The principal duty of a protocol officer is to foster understanding and cooperation between individuals, corporations, organizations and foreign bodies.
• The incumbent manages all ticketing administration processes in the most efficient and cost-effective manner for the business – queue management, schedule changes, cancellations, exchanges, re-issues, debit memos, e-ticketing, etc

Job Description
Daily Financial Operations:

• Resolution of all billing-related disputes.
• Analyze Accounts Payable, Receivable on a weekly basis.
• Review all ledger details e.g. guest ledger, and deposit ledgers to validate proper payment and revenue posting.
• Review all postings, payments, revenue, and guest balance reports daily.
• Ensure that all statutory details (TIN, Company Registration no. etc.) are displayed on the guest invoices and bills and relevant taxes are properly applied.
• Ensuring that cash flows are adequate to allow business units to operate effectively.
• Maintain banking relationships and negotiated loans and merchant services for business units.
• Maintains files of all contracts, insurance policies, tax reports, expenses, payroll, etc.
• Maintaining and transferring money between bank accounts as required.

Inventory Management:

• Design and implement an inventory tracking system to optimize inventory control procedures.
• Examine the levels of supplies and raw material to determine shortages.
• Ensure the documentation of daily deliveries and shipments to update inventory.
• Ensure Preparation of detailed reports on inventory operations, stock levels, and adjustments.
• Evaluate new inventory to ensure it’s ready for shipment.
• Coordinate daily analysis to predict potential inventory problems.
• Supervise the Ordering of new supplies to avoid inefficiencies or excessive surplus.
• Analyze different suppliers and negotiate to obtain the best cost-effective deals.

Financial Reporting:

• Prepare and analyze financial reports for the management’s team.
• Ensure accurate and timely financial statements.

Budgeting and Forecasting:

• Develop and manage the annual budgets for the restaurant & lounge.
• Conduct financial forecasting and variance analysis.

Cost Control:

• Implement cost control measures to optimize expenses.
• Analyze operational costs and identify areas for improvement.

Revenue Management:

• Bills A/R accounts daily and sends the same to guests along with the supporting bills and statements.
• Follow up on any accounts within 3 days to ensure the customer has received the invoice and does not have any questions.
• Review the Accounts Receivable (A/R) aging reports daily.
• Contribute to revenue management strategies to maximize profitability.
• Monitor revenue streams and identify opportunities for growth.

Audit and Compliance:

• Ensure compliance with accounting standards and regulatory requirements.
• Coordinate internal and external audits as needed.

Financial Planning:

• Collaborate with restaurant and lounge management to develop financial plans that will align with organizational goals.
• Provide financial insights to support decision-making.

Financial Analysis:

• Track profit/loss performance by business unit (e.g. Preparation of Monthly Business segment profitability).
• Conduct in-depth financial analysis to support strategic initiatives.
• Identify trends and opportunities for improvement.

Leadership:

• Effectively manage the accounting team through respectful communication, clear expectations, relevant training, productive coaching, regular meetings, and appropriate performance management.
• Develop and maintain a system of Standard operating policies and procedures that impose an adequate level of control over Finance Department activities.

Qualifications / Experience

• Bachelor's Degree in Business Administration with an emphasis in Accounting/Finance, Economics or any relevant field
• MSc/MBA or any relevant certification is a plus
• Relevant IATA Certifications is an added advantage
• At least 8 years of experience in Financial Management and Accounting in the hospitality industry

Skills:

• Excellent computer literacy
• Excellent verbal and written communication skills
• Excellent mathematical skills
• Excellent IFRS and accounting knowledge
• Excellent presentation skills
• Excellent problem-solving skills
• Excellent attention to details
• Excellent organizational skills
• Excellent leadership skills
• Excellent sense of ethics
• Critical thinking and analytical skills
• Strong multitasking ability
• Demonstrable experience in managing and supervising staff with the ability to adopt a hands-on approach as part of a team
• High attention to details
• Ability to work under pressure and meet deadlines.

Salary
N800,000 - N900,000 Monthly.

Application Closing Date
21st April, 2024.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using Job Title as the subject of the email.