Chief Accountant

Full time @Addify posted 1 year ago

Job Description

II. MAIN DUTIES AND RESPONSIBILITIES

  • Prepare and interpret the financial statements and reports of the hotel.
  • To audit the accounts, records, and transactions of the hotel, by ongoing efforts to streamline internal control procedures.
  • To implement all necessary controls in order to safeguard the assets of the hotel and to maintain records for the fixed assets, operating equipment, supplies, and inventories.
  • To assist together with the Hotel Manager with all budgets and forecasts covering activities of the hotel and maintaining all budget control procedures.
  • To understand Al Khoory Hotels’ tax obligation (Dubai Municipality, Dubai Tourism) using the assistance of locally appointed auditors of tax reports.
  • To liaise with both internal and external auditors.
  • Coordinate with Financial Controller and hotel insurance matters in conjunction with the locally appointed agent.
  • To manage the staffing of the accounting department. Liaising closely with the Group HR for approvals.
  • To maximize productivity and morale by setting goals, providing clear guidelines, and developing team spirit.
  • Review and approve monthly payroll before it is submitted to Finance Controller.
  • To oversee the administration of credit and collection procedures.
  • To oversee that supporting accounting records of the hotel are complete as per the company’s policies and procedures.
  • Ensure that the physical inventories of all supplies are being taken on a monthly basis and of all operating equipment on a quarterly basis.
  • Keep on track with AMC’s schedule and inform the department head of their renewals.
  • Preparation of prepayments and accrual schedules.
  • Performs and conducts performance evaluations of all the staff in the Finance Department.

III. JOB ACCOUNTABILITIES

  • Accountable to ensure that all terms and conditions of the management agreement are adhered to.
  • Accountable for the monitoring and implementation of proper procedures and controls of purchasing, receiving, storing, and requisitioning functions. i.e. materials management functions.
  • Accountable for the administration and control of cash management on daily basis ensuring cash is deposited in the banks the following day.
  • Accountable for the implementation of local accounting procedures to ensure compliance with local government regulations.
  • To keep and safeguarded all contracts (leases, insurance policies, licenses, and all legal and financial documents).
  • On-time payments for all government-related and supplier payments (depending on the credit period)
  • Adherence to Al Khoory Hotels tax obligation (Dubai Municipality, Dubai Tourism).
  • Preparation of monthly VAT Returns.
  • IV. KEY PERFORMANCE INDICATORS (KPIs)
    • Preparation and submission of Financial Statements/Reports to the Corporate Office and Head Office within 05 working days of every month.
    • Daily cash control management (deposited in the bank)

    V. COMMUNICATION & WORKING RELATIONSHIPS

    External :

    Banks

    Suppliers

    External Auditors

    Clients

    Internal :

    Heads of the Departments

    Hotel Managers

    Financial Controller

    Internal Auditors

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