Senior Accountant at the Jagz Hotel

The Jagz Ibadan Hotel is a luxurious 4 star hotel committed to delivering exceptional personalized services. Our Vision at the Jagz is to be the best brand Hotel in Nigeria and across the globe. How do we achieve this? Our Mission: We provide our services in a helpful, serene, fun environment. These services reflect our core values of care, warmth, comfort and excellence. Our goal at the Jagz Ibadan is to take care of our guest as individuals, and ensure they have a memorable Jagz experience, which will ensure loyalty to our hotel. We treat our guests as family and friends, and strive to continually exceed their expectations. On stage, we love to serve, and make each experience memorable.

We are recruiting to fill the position below:

Job Title: Senior Accountant

Location: Ibadan, Oyo
Employment Type: Full-time

Job Summary

• As a Senior Accountant, you will work with the account team in posting transactions, reviewing support documents in ensuring compliance to set procedures, perform account reconciliations, whilst ensuring compliance with accounting standards and regulations.

Responsibilities
Accounting Setup:

• Assist the finance controller in designing and implementing accounting systems, processes, and controls for the hotel, including:
• Chart of accounts and general ledger setup
• Financial reporting structures and templates
• Accounts payable, accounts receivable, and payroll processes
• Develop and maintain accounting policies, procedures, and documentation

Financial Reporting:

• Assist in the preparing accurate and timely financial statements, including:
• Balance Sheet
• Income statements
• Cash flow statements
• Work with the team to analyse financial performance and provide insights to management, including:
• Variance analysis
• Budget vs. actual analysis
• Forecasting and trending

Accounting Operations:

• Manage accounts payable, accounts receivable, and payroll functions, including:
• Invoice processing and payment
• Credit memo and adjustment processing
• Payroll processing and compliance
• Ensure accurate and timely processing of financial transactions, including:
• Journal entries
• Bank reconciliations
• Account reconciliations

External Audit:

• Assist in external audits and ensure timely submission of financial reports, including:
• Financial statements
• Audit schedules and supporting documentation

Budgeting and Forecasting:

• Assist in preparing annual budgets and forecasts, including:
• Revenue and expense budgets
• Capital budgets
• Cash flow forecasts
• Monitor and analyze financial performance against budgets, including:
• Variance analysis
• Budget vs. actual analysis

Account Reconciliation:

• Perform account reconciliations (bank, credit card, loans) within 3 days of month end.
• Investigate and resolve any discrepancies or issues identified during reconciliation.

Compliance:

• Adhere to compliance with accounting standards (GAAP, IFRS) and regulatory requirements.
• Stay up-to-date with changes in accounting standards and regulatory requirements.

Financial Record Maintenance:

• Maintain accurate and up-to-date financial records and ledgers.
• Ensure proper documentation and filing of financial records.

Internal Controls:

• Ensure internal controls are in place and operating effectively.
• Identify and implement improvements to internal controls.
• Ensure compliance with hotel credit policies and procedures
• Identify and report any potential credit risks or discrepancies to management

Key Performance Indicators (KPIs):
In evaluating your performance quarterly as a Senior Accountant, below are the set KPIs:
Accounting Setup:

• Chart of Accounts Setup: Complete chart of accounts setup within 2 weeks (target: 1 week)
• Accounting System Implementation: Implement accounting system within 2 weeks (target: 1 week)
• Accounting Policies and Procedures Documentation: Complete documentation within 2 weeks (target: 1 week)

Financial Reporting:

• Monthly Financial Reports: Issue monthly financial reports within 5 days of period-end (target: 3 days)
• Accuracy of Financial Reports: Achieve 99.9% accuracy in financial reports (target: 100%)
• Timeliness of Financial Reports: Issue financial reports on time, 100% of the time (target: 100%)

Accounts Payable and Receivable:

• AP Processing Time: Process AP transactions within 3 days (target: 2 days)
• AR Processing Time: Process AR transactions within 3 days (target: 2 days)
• AP/AR Accuracy: Achieve 99.9% accuracy in AP/AR processing (target: 100%)

General Accounting:

• Journal Entry Accuracy: Achieve 99.9% accuracy in journal entries (target: 100%)
• Reconciliation Rate: Reconcile 100% of accounts monthly (target: 100%)
• Expense Tracking: Track and record expenses accurately, 100% of the time (target: 100%)

Compliance and Internal Control:

• Compliance with Accounting Standards: Maintain 100% compliance with accounting standards (target: 100%)
• Internal Control Effectiveness: Achieve 100% effectiveness in internal controls (target: 100%)
• Audit Findings Implementation: Implement audit findings recommendations within 1 weeks (target: 3 week).

Requirements

• Candidates should possess a Bachelor's Degree in related fields with 5 years work experience.

Salary
N300,000 Monthly.

Application Closing Date
19th May, 2025.

How to Apply
Interested and qualified candidates should send their CV and Cover Letter to: hr@thejagzhotel.ng using the Job Title as the subject of the mail. 

Note: Only qualified candidate will be contacted.