Accountant at Eliolat Consulting

Eliolatconsulting firm specializes in delivering comprehensive financial and operational solutions tailored to meet the unique needs of businesses. We provide expert services in accounting, tax administration, internal control frameworks, financial modeling, costing and management accounting. Beyond advisory, we offer recruitment and training services to help organizations build and develop high-performing finance teams. Our goal is to empower businesses with the tools, strategies, and skilled professionals they need to achieve financial excellence and sustainable growth.

We are recruiting to fill the position below:

Job Title: Accountant

Location: Eputu, Lagos
Employment Type: Full-time

Job Description

• The Accountant is responsible for managing the financial activities of the bar, lounge, and salon business.
• This includes recording transactions, preparing financial statements, ensuring compliance with tax regulations, and providing financial insights to support decision-making.
• The ideal candidate will ensure the business's financial health while maintaining a clear understanding of industry-specific challenges.

Responsibilities
Financial Management & Reporting:

• Maintain accurate and up-to-date records of all financial transactions.
• Prepare monthly, quarterly, and annual financial statements.
• Monitor cash flow to ensure the business meets its financial obligations.
• Reconcile bank accounts and resolve discrepancies.

Revenue and Expense Tracking:

• Track sales and revenue from bar, lounge, and salon operations.
• Monitor and control operational costs, including inventory, staffing, and supplies.
• Conduct cost analyses to identify areas for efficiency and improvement.

Payroll & Tax Compliance:

• Process payroll, including tips and commissions for bar and salon staff.
• Ensure compliance with local, state, and federal tax regulations.
• Prepare and file VAT, income tax, and other required tax returns.

Inventory and Asset Management:

• Oversee inventory accounting for beverages, salon products, and supplies.
• Track depreciation and maintenance costs for equipment and assets.

Budgeting and Forecasting:

• Develop and manage budgets for each business segment.
• Provide financial forecasts to guide strategic planning.
• Identify potential financial risks and recommend mitigation strategies.

Internal Controls and Audit:

• Implement and maintain internal controls to prevent fraud and ensure accuracy.
• Prepare for and assist with external audits when required.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Proven experience in accounting for hospitality, retail, or similar industries.
• Proficiency in accounting software (e.g., QuickBooks, Sage) and Microsoft Excel.
• Strong understanding of inventory management and cost control principles.
• Knowledge of tax regulations and compliance requirements.
• Excellent analytical, organizational, and problem-solving skills.
• High attention to detail and ability to work under pressure.
• This role requires a proactive, detail-oriented professional who can adapt to the dynamic environment of the bar, lounge, and salon industries while ensuring sound financial management.

Preferred:

• Familiarity with Point-of-Sale (POS) systems and salon management software.
• Experience with payroll for tipped employees and commission-based compensation.

Application Closing Date
15th December, 2024.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using the position as the subject of the email.