The Jagz Ibadan Hotel is a luxurious 4star 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.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.
