Financial Accountant / Chief Accountant at Festival Hotel Conference Center and Spa

Festival Hotel is a distinguished hospitality establishment that provides a wide range of services aimed at offering a comfortable and memorable experience for both business and leisure travelers. The hotel typically features various room types, from standard accommodations to more luxurious suites, all equipped with modern amenities such as high-speed internet, air-conditioning, flat-screen TVs, and comfortable furnishings to ensure a pleasant stay. In addition to its accommodations, Festival Hotel boasts in-house dining options that include restaurants and bars serving a mix of local and international cuisines.

We are recruiting to fill the position below:
 
Job Title: Financial Accountant / Chief Accountant

Location: Lagos
Employment Type: Full-time

Description 

• The responsibilities of a Financial Accountant typically involve managing financial records, ensuring compliance with accounting standards, and providing accurate financial reporting.

Responsibilities 
Below are the key responsibilities:
Financial Record keeping:

• Maintain and update the general ledger, ensuring all financial transactions are accurately recorded.
• Manage accounts payable and accounts receivable, ensuring timely payments and collections.

Financial Reporting:

• Prepare accurate and timely financial statements, including balance sheets, profit and loss statements, and cash flow reports.
• Ensure that financial reports are in compliance with regulatory requirements and accounting standards (e.g., IFRS or GAAP).

Budgeting and Forecasting:

• Assist in the preparation of annual budgets, forecasts, and financial plans.
• Monitor financial performance against budget, identifying variances and providing insights on corrective actions.

Tax Compliance and Reporting:

• Ensure timely and accurate preparation and submission of tax returns (corporate, VAT, etc.).
• Stay up-to-date with relevant tax laws and regulations, ensuring compliance and minimizing tax liabilities.

Internal Controls and Audits:

• Implement and monitor internal controls to safeguard company assets and ensure the accuracy of financial reporting.
• Assist in internal and external audits, providing necessary documentation and addressing auditor inquiries.

Financial Analysis:

• Conduct financial analysis to identify trends, performance issues, and areas for cost savings or efficiency improvements.
• Provide management with financial insights and recommendations for decision-making.

Cash Flow Management:

• Monitor cash flow and ensure the company has sufficient liquidity to meet operational needs. • Oversee banking relationships, including managing cash accounts, payments, and reconciliations.

Compliance and Regulatory Reporting:

• Ensure compliance with local, state, and federal regulations, as well as accounting principles.
• Prepare and submit statutory reports, ensuring all filings are made in a timely manner.

Financial Systems Management:

• Oversee and maintain financial software and systems, ensuring they are up to date and function efficiently.
• Provide support for system upgrades, integrations, or new financial tools as needed.

Financial Advice and Strategy:

• Provide financial advice and strategic recommendations to senior management based on financial data analysis.
• Assist in planning and setting financial goals for the organization.

Salary
N400,000 - N500,000 monthly. 

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their resumes to: hrmanager@festivalhotellagos.com using the title of the job as the subject of the mail

Note: Only qqualified candidates should apply.