Financial Accountant
Paycom Nigerian Limited (Opay)
مجموع سنوات الخبرة :11 years, 4 أشهر
- Manage all accounting transactions - Audit financial transactions and documents
- Assist in reconciliation and analysis of Consolidated OPEX, CAPEX accounts for Paycom, depreciation schedule, Prepayment and Accruals for Many Wheels and TooYou using Microsoft Excel
- Prepare Many Wheels financial statements in accordance to IFRS standard
- Handle monthly, quarterly and annual closings of Many Wheels
- Reconcile accounts payable and receivable
- Approves and Post all journal entries into the system
- Liaise with the Payroll and Tax Manager on tax schedule and remission pertaining to Many Wheels and post them on XERO system
- Report on the company’s financial health and liquidity
Manage all accounting transactions
• Prepare budget forecasts
• Publish financial statements in time
• Handle monthly, quarterly and annual closings
• Reconcile accounts payable and receivable
• Ensure timely bank payments
• Compute taxes and prepare tax returns
• Manage balance sheets and profit/loss statements
(2019 till date)
• Report on the company’s financial health and liquidity
• Audit financial transactions and documents
• Reinforce financial data confidentiality and conduct database backups when necessary
• Comply with financial policies and regulations
Monitor restaurant revenues and expenses and ensure the accurate recording in accordance with Hotels established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
Monitor the capital planning process by assisting management with the calculation of return on capital improvements, gathering support and monitoring the bid process, and ensuring proper upkeep of the property by evaluating scope of work and specifications.
Prepare the costing for recipes and menus prepared by the Executive Chef and suggest the selling price
Perform test checking on the receiving of goods at the hotel to ensure that the procedures are followed correctly
Prepare daily flash report of food costs and verify daily outlet void control sheets
Attend major banquet events with open bar, prepare P&L statement of major banqueting events and prepare banquet revenue breakdown summaries
Randomly test the inventory of outlets by reconciling the opening stock with the closing stock, taking account of store issues and sales
Design control, documentation and operation procedure for purchase management, store and other cost centers
Food & Beverage Controls Management:
Making Comparison Actual v/s Consumption (Variance Analysis)
Plan menu with heads of cost centers(the head chef)
Food Menu and Beverage Menu Costing.
Prepare According to Parties Food & Beverage Cost Report.
Surprise Check of Receiving, Store, Cashiers and Operation.
Verify all Purchase Bills with the Contracts with the Suppliers.
Prepare Month end Cost Reports of all Income Head Cost Centers (Food, Liqueur and Beverage).
Audit Management:
Supervise audit of Daily Sale Bills.
Compute complimentary and staff meals as approved by the management
Account for any other Discount Authorized by the management and effect it on Operational Statement at month-end.
Inventory Management:
Periodic Bar physical stock take.
Oversee stock levels of all cost centers
Approves requisition of all cost centers
Ensures compliance with licensing, hygiene and safety legislation/guidelines
Grocery & Perishable Store physical stock taking Inventory as per Month-end Basis.
Kitchen physical stock taking Inventory on as per Requirement Month-end Basis.
Keep Bar, Kitchen and Store Variance at minimum.
Store & Purchase Management:
Coordinating the store operation (Food, Beverages, Liqueur, Glassware, Crockery & Cutlery, etc).
Ensure Receiving of all kinds are according to company standard and entered in the system.
Ensure inventories are stored in a standardize method, in a conducive location and temperature
Approve all stock-out to the Cost Centers of the Restaurant and enter on the system.
Approves all Purchase of inventories before acquisition
Vendor Management- proper record of vendor, maintain relationship with vendor, take out vendors not performing to standard.
Contract Administration Negotiation and Credit Policy/Agreement formulation
Processing supplier invoices into the system.
- Processing departmental transfers, requisitions, and allocating them to the relevant departmental codes into the SAGE system.
- Maintaining a cost of sales budget on food and beverage of 30% and 25% respectively (i.e. cost controlling).
- Ensuring that departmental variances are kept to its minimum.
- Ensure that controls are put in place to safeguard the stocks of the Residence.
- Involved in the costing of all menu items.
- Monthly and mid - month stock take (ie. Planning, conducting and computing)
- Ensure that departments are in line with per level agreed upon by Food & Beverage management.
- Daily reconciliation of beverages with Micros and physical quantities viz Opera Revenues.
- Reconciling Food and Beverage summary sheets viz Opera Revenues.
- Making sure Cost Of Sales is in line with budget.
- Recording staff and management meals and giving the Financial Controller journals for the month
- Assign projects, write reports and analyze output
- Coordinate and keep updated the records of all Project of Pro Public such as; proposal, budget, annual plan and their substantive/completion progress and financial reports,
- Prepare the daily income and expenditure account
- Ensure proper flow of communication among the management levels of the company
- Receives and process purchase order by making order(s) available in due time
- Handle customer questions, complaints, and issues
- Responsible for issuing invoice and consignment note
- Maintain inventory and ensure items are in stock
- Monitor local competitors
- Seek new customers and maintain cordial relationship with the existing ones
- Responsible for staff learning and welfare
- Responsible for tracking and compensation of staff
- Prepare notices and advertisements for vacant staff positions
- Responsible for preparing selection and interview process
- Responsible for enhancing optimum staff production
- Perform other duties assigned