Senior Accountant

The Senior Accountant is responsible for managing the hotel's or business unit's accounting functions, financial reporting, budgeting, compliance, inventory accounting, and internal controls. The role requires strong expertise in hospitality, food industry, and/or retail sector accounting, ensuring accurate financial records, timely reporting, cost control, and regulatory compliance.

The successful candidate will be a commercially minded finance professional with strong analytical skills, capable of supporting management through sound financial management and business insights.

Key Responsibilities

Financial Accounting & Reporting

• Prepare monthly, quarterly, and annual financial statements.
• Ensure accurate recording of financial transactions in accordance with accounting standards.
• Perform month-end and year-end closing activities.
• Reconcile general ledger accounts and investigate discrepancies.
• Prepare management reports and financial analysis for senior management.

Budgeting & Forecasting

• Assist in the preparation of annual budgets and financial forecasts.
• Monitor budget performance and recommend corrective actions.
• Analyze revenue, expenses, and profitability trends.
• Support management with financial planning and decision-making.

Accounts Management

Oversee accounts payable and accounts receivable functions.

• Monitor cash flow and working capital requirements.
• Ensure timely collection of receivables and settlement of payables.
• Review supplier and customer account reconciliations.

Inventory & Cost Control

• Monitor inventory accounting for food, beverage, retail, and operational supplies.
• Conduct stock reconciliations and investigate variances.
• Analyze food cost, beverage cost, and retail inventory performance.
• Ensure inventory controls are implemented and adhered to.

Hotel, Food Industry & Retail Accounting

• Monitor daily revenue reports and sales reconciliations.
• Review POS transactions and revenue postings.
• Ensure accurate accounting of room revenue, F&B sales, retail sales, and related income streams.
• Analyze operational performance and provide recommendations for profitability improvement.

Compliance & Internal Controls

• Ensure compliance with tax laws, financial regulations, and company policies.
• Support internal and external audit processes.
• Implement and maintain effective financial controls.
• Ensure statutory reporting obligations are met accurately and on time.

Team Leadership

• Supervise junior accounting personnel where required.
• Provide guidance and technical support to finance team members.
• Participate in staff development and training programs.
• Promote accountability and accuracy within the finance department.

Required Qualifications

Education

Bachelor's Degree in Accounting, Finance, Commerce, Business Administration, or a related discipline.

Professional Qualification

Professional Qualification Preferred:

• Fully Qualified Chartered Accountant (CA).
• Member of the Institute of Cost Accountants of India (ICMAI), formerly known as the Institute of Cost and Works Accountants of India (ICWAI).

Experience

• Minimum 3 years of proven experience in a Senior Accountant or similar role.
• Experience in Hotel Operations, Hospitality, Food & Beverage Industries, Retail Sector, or Multi-Outlets Operations is essential.
• Demonstrated experience in financial reporting, budgeting, inventory control, and management accounting.
• Experience working with ERP/accounting systems and POS-integrated environments.

Age Requirement

• Candidates must be below 35 years of age.

Technical Skills

• Strong knowledge of financial accounting principles and reporting standards.
• Proficiency in accounting software and ERP systems.
• Advanced Microsoft Excel and financial modelling skills.
• Strong understanding of inventory management and cost accounting.
• Knowledge of taxation and regulatory compliance requirements.

Core Competencies

• Financial Reporting & Analysis
• Budgeting & Forecasting
• Cost & Inventory Management
• Hospitality and Retail Accounting
• Internal Controls & Compliance
• Cash Flow Management
• Business Partnering
• Attention to Detail
• Problem Solving & Analytical Thinking
• Leadership & Team Development

Working Conditions

• Office-based position with regular interaction with operational departments.
• May require occasional travel between hotels, retail outlets, warehouses, or food production facilities.
• Participation in month-end, year-end, and audit-related activities requiring flexibility in working hours.

Preferred Candidate Profile

A dynamic finance professional below 35 years of age, preferably a fully qualified CA, ICMAI (formerly ICWAI), CPA, or ACCA, with a minimum of 3 years' experience in a Senior Accountant role within Hotel Operations, Hospitality, Food Industry, Retail, or Multi-Outlet Businesses. The ideal candidate will possess strong financial reporting expertise, inventory and cost-control experience, commercial acumen, and the ability to support business growth through sound financial management, operational analysis, and strategic decision-making.