Accountant
Grand Hotel
Total years of experience :18 years, 7 Months
Duties performed,
Finance
• Preparation of monthly, quarterly and yearly financial statements in accordance with IFRS &
LKAS for publication.
• Monitoring day-to-day General Ledger, Accounts payable & receivable accounts.
• Ensures the prompt collection of accounts receivable and availability of funds.
• Supervise reconciliation of inter-company accounts.
• Coordinating External & internal audit and annual report for publication.
• Track actual expenses and versus budget, forecast, historical figures and analyse fluctuations.
• Inspecting Service charge schedule for distribution among the staff.
• Advises the GM and other executives on existing and evolving operating/financial issues.
• Implementing and streamlining the internal control procedures covering all activities of the hotel.
Taxation
• Preparation of taxation schedules which are submit returns to government authorities
Eg VAT, NBT, TDL, ESC, Stamp Duty.
• Preparation of Income Tax, Differed Tax & Deemed Dividend calculation
• Attend the interview with the department of Inland Revenue
Operational
• Provides leadership by assigning team members clear accountability backed by appropriate authority.
• Liaise with all revenue generating departments on their operating procedures so as to achieve effective internal control to ensure all the hotel’s revenue is being recognized and recorded.
• Supervise the Cost Controller in auditing the operation of Purchasing Division.
• Liaise with Purchasing Department on the operating procedures so as to achieve effective internal control to minimize costs.
• Supervise the All Accounting Staff in all the tasks in the month end closing and to check the financial reports before forwarding for review by the Financial Controller.
• Supervise the Credit Executive in ensuring that all the precautionary measures have been implemented and all the outstanding debts are collected on a timely basis to minimize bad debts as far as possible.
Administration
• Conduct Accounting & Finance Meeting to ensure that all meetings are well planned, efficient and results oriented.
• Set guidelines and deadline dates for each employee’s monthly work in order to ensure timely financial reporting.
• Ensure that an organized, up-to-date filing system is maintained for all pertinent financial records
• Organize the accounting office in conjunction with the Financial Controller:
-to distribute work to employees on an equitable basis.
-to schedule and introduce flexible job functions through job rotation.
-to ensure that all employees do understand fully and adhere to the hotel’s employee rules and regulations as well as to the hotel’s policies.
• To ensure the smooth operation of the Accounting and Cost Control during the absence of the Financial Controller.
General
• Maintain a good rapport and working relationship with staff in the outlet and all other departments.
• Attend and contribute to all staff meetings Departmental and Hotel Training as scheduled and other related activities.
• Handle guest and employee inquiries in a courteous and efficient manner and report guest complaints or problems to supervisors if no immediate solution can be found and assure follow up with guests.
• Provides information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
• Manage and control finance activities which include authorizing, evaluating and implementing corporate finance decisions in areas covering Revenue, Receivables, Payables, Cash /Banking, payroll and General Ledger.
• Plan, organize, direct and control the activities of all sub-ordinates at the station with the objective of high accounting standards, protecting the company’s assets minimizing cost, setting up modern accounting systems.
• Manage the implementation of new accounting systems and procedures as required by the top management.
• Liaise with all departmental heads at the station to provide adequate business support for their areas.
• Exercise supervisory functions and exercise financial authority established by management for the position
Manage day-to-day accounts, AP, GL, AR, Payroll.
Produce monthly, quarterly, half yearly and yearly financial reports (P&L, Balance Sheet & cashflow statements )
Ensures that the general ledger cash balances are reconciled monthly to the bank statement balances
Prepares journal entries to record transactions to the general ledger
Review transaction data for accuracy, adequateness of documentation and conformity to chart of accounts
Analyzes unrecorded assets and liabilities.
Maintain fixed assets and depreciation subsidiary accounting
Preparation of annual budget and quarterly forecasts, including budget-to-actual variance analysis
Analyzes accounting variances and prepare variance explanation reports.
Ensuring that internal control systems are maintained
Assist in coordinating year end audit, including preparation of schedules and other documents for auditors.
Monitoring Inventory Management & Reporting
Analyzing & interpreting Financial data
Designing Management Accounting Information
Compliance check with Statutory Tax obligations
Assessing, Evaluating and Testing of accounting & Internal control system
Suggesting constructive ways to upgrade internal controls
Risk identification and assessment with Recommendations
Instrumental Investigation of frauds
Assist in investigation Due Diligence
Developing Employees Motivation Scheme Conducting Time Studies & Work Studies
Financial Review
Preparation of financial statements monthly basis in accordance with Sri Lanka Accounting Standards (SLAS).
Auditing the books of accounts in accordance with Sri Lanka Auditing Standards and Generally Accepted Auditing Practices
I'm a finalist of ACCA UK
I have successfully completed Intermediate examination conducted by ICA Sri Lanka.