Location: Ikeja, Lagos
Job Summary
- The Certified Hotel Accountant is responsible for managing and controlling the hotel's financial operations, ensuring accurate accounting records, effective financial controls, regulatory compliance, and timely financial reporting.
- The position requires extensive practical experience in hotel accounting and a strong understanding of hospitality revenue and cost management.
Key Roles & Responsibilities
Financial Management:
- Manage the hotel's daily accounting and financial activities.
- Maintain accurate and up-to-date financial records.
- Prepare monthly, quarterly, and annual financial statements.
- Monitor income, expenditure, cash flow, assets, and liabilities.
- Ensure proper recording and classification of all hotel transactions.
Hotel Revenue Management:
- Monitor and reconcile revenue from Rooms, Food & Beverage, Events, Laundry, Bar, and other hotel outlets.
- Verify daily sales reports and ensure all revenue is properly accounted for.
- Review Night Audit reports and investigate discrepancies.
- Ensure proper posting of room charges, payments, discounts, complimentary services, and refunds.
Cost Control:
- Monitor departmental expenses and operating costs.
- Implement effective cost-control measures to improve profitability.
- Monitor food and beverage costs, payroll costs, utilities, and other operating expenses.
- Conduct regular reviews of departmental spending against approved budgets.
Budgeting & Financial Planning:
- Prepare and monitor the hotel's annual operating budget.
- Develop departmental budgets in collaboration with Heads of Departments.
- Monitor actual performance against budget and provide variance analysis.
- Advise management on financial performance and areas requiring corrective action.
Payroll Management:
- Review and verify monthly payroll before payment.
- Ensure accurate calculation of salaries, allowances, deductions, overtime, and other staff-related payments.
- Maintain proper payroll records and ensure compliance with applicable statutory requirements.
Accounts Payable & Receivable:
- Supervise supplier invoices and payment processes.
- Ensure all purchases are properly authorized and supported with relevant documentation.
- Monitor outstanding guest, corporate, and company accounts.
- Follow up on receivables and ensure timely collection of outstanding debts.
Internal Controls & Audit:
- Establish and maintain strong financial controls throughout the hotel.
- Conduct regular checks on cash, stock, revenue, purchases, and expenses.
- Work closely with internal and external auditors.
- Investigate financial discrepancies, fraud risks, and irregular transactions.
- Ensure proper segregation of accounting duties.
Inventory & Stock Control:
- Monitor hotel inventory and stock records.
- Work with the Storekeeper, Procurement, Kitchen, Bar, and other departments to ensure proper stock control.
- Participate in regular stocktaking exercises.
- Investigate stock variances, wastage, shortages, and unexplained losses.
Cash & Banking:
- Supervise daily cash handling and banking procedures.
- Reconcile cashiers' reports with actual cash and payment records.
- Monitor bank transactions and prepare regular bank reconciliations.
- Ensure hotel funds are properly safeguarded.
Tax & Statutory Compliance:
- Ensure compliance with applicable tax and statutory financial obligations.
- Prepare and coordinate relevant tax returns and statutory financial reports.
- Maintain proper documentation for tax and regulatory inspections.
Financial Reporting:
- Prepare accurate management accounts and financial reports.
- Provide management with financial analysis and recommendations.
- Prepare revenue, expenditure, profit-and-loss, cash-flow, and departmental performance reports.
- Highlight financial risks and recommend corrective measures.
Management Support:
- Provide professional financial advice to the General Manager and hotel management.
- Participate in management meetings and strategic planning.
- Support management in making financially sound business decisions.
- Develop policies and procedures that strengthen financial accountability.
Required Qualifications
- Bachelor's Degree or HND in Accounting, Finance, or a related field.
- Must be a Certified/Chartered Accountant with membership of a recognized professional accounting body.
- Minimum of 10 years' practical experience in accounting within the hotel/hospitality industry.
- Candidates should have substantial experience handling hotel accounts and financial operations.
- Previous experience as a Chief Accountant, Financial Controller, Hotel Accountant, or equivalent senior accounting position is highly desirable.
- Strong practical knowledge of hotel accounting procedures, Night Audit, revenue reconciliation, cost control, payroll, budgeting, stock control, and financial reporting.
- Excellent knowledge of accounting principles, internal controls, taxation, and financial management.
- Proficiency in accounting software and hotel Property Management Systems (PMS).
- Strong analytical, numerical, organizational, and problem-solving skills.
- Excellent leadership and communication skills.
- High level of integrity, confidentiality, accuracy, and professional ethics.
- Ability to work under pressure and meet strict reporting deadlines.
Experience Requirements:
- Minimum of 10 years' proven practical experience in the hotel/hospitality industry, with strong hands-on experience in hotel accounting and financial management.
Key Competencies:
- Hotel Accounting & Financial Control
- Revenue Reconciliation
- Cost Control
- Budgeting & Forecasting
- Payroll Management
- Stock & Inventory Control
- Cash & Bank Reconciliation
- Tax & Statutory Compliance
- Internal & External Audit
- Financial Reporting
- Fraud Prevention & Risk Management
- Leadership & Team Management
- Excellent Attention to Detail
- Integrity & Accountability.
Application Closing Date
7th September, 2026.
Interested and qualified candidates should send their Applications to: efezisouthsea2000@gmail.com using the Job Title as the subject of the email.