The Restaurant Accountant is a vital role responsible for managing and overseeing the financial activities of a restaurant. This position ensures accurate record-keeping, monitors expenses, and provides financial insights to support effective decision-making. The ideal candidate is detail-oriented, organized, and proficient in financial analysis, with a deep understanding of the hospitality industry.
| Salary | Market Competitive |
| Experience | 3 – 8 years |
| Location | Saudi Arabia |
| Qualification | Bachelor of Commerce(Commerce), Master of Commerce(Commerce) |
| Posted | 19 November 2024 |
| Job Type | Full Time |
| Posted by | Habeebi Recruiter |
| last date to apply | apply within 15 day |
Key Responsibilities
Financial Record-Keeping and Reporting
Maintain accurate financial records, including daily sales, inventory purchases, payroll, and other restaurant expenses. Prepare financial reports such as income statements, balance sheets, and cash flow statements to present to management.
Budgeting and Forecasting
Develop and monitor budgets to control costs and optimize revenue. Conduct financial forecasting to assist in strategic planning and ensure financial stability.
Cost Management and Analysis
Track and analyze food, beverage, and labor costs to identify opportunities for savings. Collaborate with management to implement cost-control measures without compromising quality or service.
Accounts Payable and Receivable
Manage accounts payable by ensuring timely payments to suppliers and vendors. Oversee accounts receivable processes, including monitoring outstanding payments and resolving discrepancies promptly.
Tax Compliance and Audits
Ensure compliance with local, state, and federal tax regulations. Prepare and file tax returns and support the organization during financial audits.
Payroll Management
Oversee payroll processes, including calculating wages, taxes, and deductions. Ensure timely and accurate payments to staff.
Inventory and Cash Flow Management
Monitor inventory levels and reconcile discrepancies to minimize wastage. Manage cash flow to ensure sufficient liquidity for daily operations and future investments.
Financial Analysis and Recommendations
Analyze financial data to identify trends, strengths, and areas for improvement. Provide actionable recommendations to management to enhance profitability and operational efficiency.
Qualifications and Skills
- Bachelor’s degree in Accounting, Finance, or a related field.
- Proven experience as an accountant, preferably in the hospitality or restaurant industry.
- Proficiency in accounting software and tools (e.g., QuickBooks, Excel).
- Strong analytical and problem-solving skills.
- Knowledge of financial regulations, tax laws, and reporting standards.
- Excellent organizational and time-management abilities.
- Attention to detail and a high level of accuracy.
The Restaurant Accountant is an essential role in ensuring the financial health and sustainability of the business. By managing the financial operations effectively, this position contributes to the overall success and growth of the restaurant.
How to apply:
Send your updated resume to our email:
Email: enquiry@thugil.in