Accountant

Website Madcherry Hospitality Pvt. Ltd.

Luv 2 Serve U

Job Title: Accountant

  • Junior
  • Senior

Job Brief: Accounts and admin work

  • An accountant in the hospitality industry manages financial transactions, ensuring compliance with accounting and tax regulations, and providing financial analysis and reporting.

Job Type:

  • Full time

Type of Company: Hospitality Industry

  • Central kitchen
  • Canteen & kiosk
  • Hotels
  • Restaurants
  • Gymkhana clubs
  • Villas

Work mode:

  • Full time – On site – Work from office

Work Location:

  • Dombivli
  • Pawane, MIDC, Navi Mumbai

*Note:

  • Candidate applying for the above post should be from nearby location (From Airoli to Belapur)

Interview Location:

  • Vikhroli, Mumbai

Shift Timings:

  • 10.00 AM to 7.00 PM

Working:

  • 6 days working
  • 1 day Holiday
  • Rotating shifts

Experience:

  • Minimum – 06 months of experience as an accountant in any CA firm.
  • Maximum – Experience up to 2 years as accountant from hospitality industry.

*Note:

  • Candidate having relevant experience from or hospitality industry would be considered as experienced or will be considered as fresher.

Salary slab:

  • Maximum – Up to Rs.300,000/- Per annum (CTC)

*Note:

  • Salary structure: Fix + Variable (50:50 ratio).
  • Candidates applying for the above post should have their own laptop, good internet connection.

Qualification:

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • CPA (Certified Public Accountant) or relevant accounting certification is often preferred.
  • Prior accounting experience in the hospitality industry is a plus.
  • Proficiency in accounting software and Microsoft Excel.
  • Knowledge of industry-specific regulations and tax laws.
  • Strong analytical, communication, and problem-solving skills.
  • Attention to detail and a high level of accuracy.

Job Description:

The accountant in the hospitality industry plays a crucial role in managing financial operations, maintaining accurate financial records, and ensuring compliance with industry-specific regulations. They are responsible for tracking revenue, expenses, and profit margins, providing financial insights to support decision-making, and ensuring that the organisation’s financial activities run smoothly.

Duties & Responsibilities

Financial Recording and Reporting:

  • Maintain accurate and up-to-date financial records for the hospitality establishment.
  • Prepare financial statements, including income statements, balance sheets, and cash flow statements.
  • Generate regular financial reports for management and stakeholders.
  • Monitor and report on key financial metrics, such as revenue, occupancy rates, and cost of goods sold.

Budgeting and Forecasting:

  • Assist in the development of annual budgets and forecasts.
  • Track actual financial performance against budgeted figures.
  • Provide financial analysis to identify variances and recommend corrective actions.

Accounts Payable and Receivable:

  • Process invoices, payments, and receipts accurately and in a timely manner.
  • Reconcile accounts payable and accounts receivable.
  • Monitor and manage cash flow to ensure liquidity.

Tax Compliance:

    • Ensure compliance with local, state, and federal tax regulations.
    • Prepare and file tax returns, including goods and service tax, payroll, etc.
    • Stay updated on changes in tax laws that may impact the hospitality industry.

Audit and Internal Controls:

  • Coordinate and participate in financial audits, both internal and external.
  • Implement and maintain internal control procedures to safeguard financial assets and prevent fraud.

Cost Control and Analysis:

  • Analyze cost structures, identify cost-saving opportunities, and recommend cost-control measures.
  • Monitor and control expenses related to food and beverage, labor, and other operational areas.

Financial Systems and Software:

  • Utilize accounting software and financial management systems to streamline processes and improve accuracy.
  • Stay updated on advancements in accounting technology and recommend system upgrades when necessary.

Financial Planning and Strategy:

  • Collaborate with management to develop financial strategies and long-term financial plans.
  • Provide financial insights and recommendations to support business growth and profitability.

Vendor and Supplier Relations:

  • Maintain relationships with vendors and suppliers, negotiate favorable terms, and ensure timely payments.

Note:

The specific duties and qualifications for an accountant in the hospitality industry may vary depending on the establishment’s size and specialisation, such as hotels, restaurants, resorts, or event venues. Additionally, the accountant may collaborate closely with other departments, such as operations, sales, and human resources, to achieve financial goals and objectives.

Requirements & Qualifications

Key Skills:

Organisational Skills:

  • Must be able to manage multiple tasks simultaneously, prioritise effectively, and ensure deadlines are met.

Communication Skills:

  • They must have excellent written and verbal communication skills to communicate effectively with guests, employees, and management.

Customer Service Skills:

  • They must be able to handle clients inquiries and complaints in a professional and courteous manner, providing exceptional service to guests.

Attention to Detail:

  • Must be detail-oriented to ensure accuracy in records, reports, and other documentation.

Time Management Skills:

  • They must be able to manage their time effectively to meet deadlines and accomplish tasks within a fast-paced environment.

Interpersonal Skills:

  • They must have good interpersonal skills to work effectively with colleagues, guests, and management.

Flexibility:

  • They must be adaptable to change and willing to take on new tasks and responsibilities as needed.

Problem-Solving Skills:

  • They must have the ability to identify problems and find solutions quickly and effectively.

Teamwork Skills:

  • They must be able to work collaboratively with others and contribute to a positive work environment.

IT Skills:

Technical Skills:

  • They must be proficient in using computer software such as Microsoft Office, database management systems, and other specialised software programs.

Proficiency in Microsoft Office Suite:

  • This includes Word, Excel, PowerPoint, and Outlook, which are commonly used for managing reservations, creating reports, tracking expenses, and communicating with guests, colleagues, and management.

Knowledge of Hospitality Management Systems:

  • Accountant in the hospitality industry should have a basic understanding of property management systems, such as Opera, Fidelio, or Guestware, which are used to manage guest reservations, check-ins, checkouts, room inventory, and other operations.

Point-of-Sale Systems:

  • They should have knowledge of point-of-sale (POS) systems used in restaurants, bars, and retail stores to process transactions and manage inventory.

Data Entry and Management:

  • They should have the ability to input, update, and manage data using database management systems such as Oracle, SQL, or Access.

Online Booking and Payment Systems:

  • Knowledge of online booking platforms such as Booking.com, Expedia, or Airbnb, and payment systems such as PayPal or Stripe is also essential for an accountant in the hospitality industry.

Basic Networking:

  • Knowledge of basic networking concepts, such as LAN, WAN, and Wi-Fi, can be helpful in troubleshooting network connectivity issues and ensuring a smooth operation of the IT infrastructure.

Overall, IT skills are essential for an accountant in the hospitality industry to manage and operate the various aspects of the business efficiently and effectively.

Core Skills:

  • Knowledge of general office procedures
  • Ability to operate office equipment (fax, copier, mail, etc.)
  • Customer service experience
  • Ability to type at least 40 words per minute
  • Proficient in proofreading, spelling, grammar punctuation and math
  • Ability to learn new and updated software
  • Positive attitude.
  • Target oriented
  • Presentable Personality

Advanced Skills:

  • Knowledge of medical or legal terminology
  • Proficient with tape transcription and ability to take shorthand
  • Familiarity with File Site, a document management system

Creative Skills:

  • Excellent verbal & written communication skills.
  • Excellent grasp of English language.
  • Creative & innovative thinker & planner.

Management Skills:

  • Ability to work both independently & as an active member of a team.
  • Able to prioritise, & manage time efficiently.
  • Managing different projects simultaneously & working with strict deadlines.
  • Self-motivated & self-directed.
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