Summary
Chedi Hospitality is seeking a Chief Accountant to manage the hotel's day-to-day accounting operations and maintain accurate financial records and controls. The role covers general ledger, month- and year-end closing, payables and receivables, hotel revenue and bank reconciliations, financial reporting, budgeting, inventory, and payroll accounting. The Chief Accountant will support audits and compliance, investigate discrepancies and variances, and supervise and develop the accounting team. The position is located in Muscat; no salary or visa conditions are stated.
The posting
As published on chedihospitality.com. Pulled from the employer's site and shown as they wrote it.
Job Purpose
The Chief Accountant is responsible for managing the hotel's day-to-day accounting operations and ensuring accurate financial records, timely reporting, effective financial controls, and compliance with company policies and applicable accounting standards.
The position supports the Director of Finance / Financial Controller in maintaining strong financial controls and ensuring the accuracy and integrity of the hotel's financial information.
Key Responsibilities
1. General Accounting
- Manage the day-to-day accounting activities of the hotel.
- Ensure all financial transactions are accurately recorded and properly supported.
- Maintain the general ledger and accounting records.
- Review journal entries, accruals, provisions, and adjustments.
- Ensure accurate and timely posting of all financial transactions.
- Monitor and reconcile balance sheet accounts.
- Ensure proper filing and maintenance of financial documentation.
2. Month-End & Year-End Closing
- Coordinate the month-end closing process.
- Ensure all revenue, expenses, accruals, provisions, and adjustments are recorded accurately.
- Prepare and review month-end schedules and reconciliations.
- Assist in preparing year-end financial statements and supporting schedules.
- Ensure closing deadlines are met in accordance with company requirements.
3. Accounts Payable & Receivable
- Supervise Accounts Payable and Accounts Receivable activities.
- Ensure supplier invoices are properly verified, approved, and recorded.
- Monitor supplier balances and payment schedules.
- Ensure timely collection and reconciliation of receivables.
- Review outstanding balances and follow up on overdue accounts.
- Maintain accurate vendor and customer accounts.
4. Income Audit & Revenue Control
- Review daily hotel revenue reports and supporting documents.
- Ensure revenues from Rooms, Food & Beverage, Spa, Events, and other departments are accurately recorded.
- Reconcile revenue between the PMS, POS, and accounting system.
- Investigate discrepancies and ensure corrective action is taken.
- Monitor cash, credit card, bank, and other payment transactions.
- Ensure appropriate controls over cash handling and revenue collection.
5. Bank & Cash Reconciliation
- Review daily cash reports and bank transactions.
- Prepare and review bank reconciliations.
- Monitor cash balances and ensure proper cash controls.
- Investigate and resolve discrepancies promptly.
- Ensure compliance with hotel cash-handling procedures.
6. Financial Reporting
- Prepare financial reports and schedules as required.
- Provide accurate financial information to the Director of Finance / Financial Controller.
- Assist with monthly financial reporting and management accounts.
- Analyze significant variances and provide explanations.
- Support management in understanding financial performance.
7. Budgeting & Forecasting
- Assist in the preparation of the hotel's annual budget.
- Support monthly forecasting and financial planning.
- Monitor actual results against budget and forecast.
- Identify significant variances and communicate them to management.
- Assist departments in maintaining effective budgetary control.
8. Internal Controls & Compliance
- Ensure effective internal financial controls are maintained.
- Monitor compliance with hotel policies, procedures, and financial controls.
- Support internal and external audits.
- Provide requested documentation and financial schedules to auditors.
- Identify control weaknesses and recommend corrective actions.
- Ensure compliance with applicable accounting standards and local statutory requirements.
9. Inventory & Cost Control
- Work closely with Cost Control, Purchasing, Stores, and operational departments.
- Review inventory records and stock reconciliations.
- Support monthly stocktaking and investigate discrepancies.
- Monitor food, beverage, and other operational costs.
- Ensure proper recording of inventory movements and adjustments.
10. Payroll & Staff-Related Accounting
- Coordinate with HR and Payroll to ensure accurate payroll accounting.
- Review payroll-related journal entries and reconciliations.
- Ensure staff-related expenses and provisions are properly recorded.
- Maintain confidentiality of employee financial information.
11. Team Supervision & Development
- Supervise and guide the accounting team.
- Allocate responsibilities and monitor work progress.
- Review the team's work for accuracy and completeness.
- Train and develop finance colleagues.
- Promote teamwork, accountability, and professional standards.