Senior Accounting

Job Title: Senior Accountant

Department: Finance
Reports To: Finance Manager
Industry: Retail (Food & Beverage Preferred)

Key Responsibilities:

Financial Reporting:

• Prepare accurate and timely financial statements in accordance with International Financial Reporting Standards (IFRS).
• Ensure compliance with local tax regulations, accounting standards, and company policies.
• Oversee and manage all local accounting operations, ensuring adherence to statutory and company requirements.
• Coordinate and support external and internal audits, addressing findings promptly.

Accounts Management

• Manage and coordinate all invoicing processes, ensuring accuracy and timely submission.
• Review and verify invoices for completeness and compliance with documentation requirements.
• Oversee rent-related processes, ensuring compliance with contractual obligations.

Financial Control and Analysis

• Lead and supervise monthly and annual account closing processes to meet deadlines.
• Analyze income, expenses, and cost structures, providing detailed reports to management.
• Implement and monitor accounting control processes to enhance financial accuracy and transparency.

Cost Management and Optimization

• Oversee and manage cost control processes, including supervision of the Cost Controller.
• Analyze cost structures to identify potential areas for cost reduction and operational efficiency.
• Monitor inventory levels and turnover to minimize waste and ensure cost-effective stock management.
• Develop and implement wastage reduction initiatives across departments.

Budgeting and Forecasting

• Assist in preparing the annual budget and regular financial forecasts.
• Monitor financial performance against budget and identify variances.
• Regularly track and report on key performance indicators (KPIs) to assess and improve financial performance.

Qualifications and Requirements:

Educational Background

• Bachelor’s degree in Accounting, Finance, Business Administration, Economics, or a related field.
• CPA (Certified Public Accountant) certification or equivalent is strongly preferred.

• Minimum of 7 years of progressive experience in accounting or finance roles, with at least 3 years in a supervisory capacity.
• Prior experience in the F&B industry or hospitality sector is highly desirable.

Technical Skills

• In-depth knowledge of IFRS and local accounting standards.
• Proficiency in accounting software and enterprise resource planning (ERP) systems.
• Advanced proficiency in Microsoft Office Suite, particularly Excel.
• Strong analytical and problem-solving skills, with the ability to interpret financial data.

Soft Skills

• Strong leadership and team management abilities.
• Excellent communication and interpersonal skills.
• High attention to detail and accuracy in financial analysis and reporting.
• Ability to work under pressure and meet tight deadlines.

Preferred Competencies:

• Proven track record in managing cost-control strategies in high-volume F&B operations.
• Experience in implementing financial efficiency programs across multiple departments.
• Familiarity with inventory management systems and best practices.