Job Summary:
Accountants are responsible for maintaining accurate financial records, preparing financial statements, reconciling bank statements, and ensuring compliance with tax laws and regulations. They analyze data to guide budgeting, identify cost-saving opportunities, and provide strategic financial advice to management
Activities & Responsibilities
Primary
- Maintaining accurate, up-to-date records of transactions and preparing financial reports, income statements, and cash flow statements.
- Processing vendor payments, reconciling invoices, and chasing outstanding debts.
- Processing numerous daily cash and credit card transactions.
- Monitoring income from rooms, food, and beverage services, while analyzing costs to enhance profitability.
- Ensuring compliance with federal, state, and local financial laws, as well as preparing, filing, and paying taxes
- Prepare bank reconciliations and monitor cash flow
- maintain payroll records and assist in processing payroll
- Handle petty cash and expense reimbursements
- Reconciling bank statements with the general ledger, reviewing expenses, and conducting internal controls to verify accuracy.
- Analyzing financial performance to provide insights for budgeting, forecasting, and recommending improvements to enhance revenue or reduce costs.
- Ensure sales are recorded in compliance with regulations ensuring revenue is captured in the correct accounting period.
- Tracking company assets and liabilities to monitor financial health.
- Utilizing accounting software to process invoices and monitor accounts payable/receivable.
- Maintain accurate and organized general ledgers
- Manage accounts payable and receivable, Process invoices and follow up on outstanding payments
- Maintain confidentiality of financial data
Skills and Abilities:
- Bachelor's degree in Accounting, Finance, or related field.
- Proven previous experience 3 year plus in similar role especially in hospitality and Restaurant chain or food & beverage retail, Proven experience in the hospitality sector is highly preferred.
- Strong understanding of ZAKAT and tax regulations in Saudi Arabia
- Proficiency in accounting software, POS and ERP system, Excellent skill in Microsoft excels
- Strong understanding of basic accounting principles
- Strong leadership, interpersonal communication, analytical problem-solving, and a high level of attention to detail.
- Good organizational and time management skills
- Ability to work independently and as part of a team
