Job description

Education & Experience :

Bachelor's degree in Accounting, Commerce, Finance, or any related field.

• Must have at least four (4) years of experience in F&B / Hospitality Industry

• With a strong background in Accounts Payable and Accounts Receivable

• Experience with bank reconciliation and accrual basis accounting

DUTIES & RESPONSIBILITIES

1. Monitoring & Controlling Cost of Sales

• Analyze ratio analysis for inventory, purchase, and cost of sales.

• Support business profitability and growth by identifying and recommending cost analysis. Supervise, control and ensure all purchase entries into the system are in compliance with policy.

• Perform all other related duties with monitoring and controlling cost of sales.

Reports include, but are not limited to: monthly LPO reconciliations, fortnightly and monthly supplier-age wise analysis

2. Overall Functions to Improve Internal Efficiency

• Supervise and control indirect expenses.

• Engage, control, and supervise the functions of expense payments.

• Prepare audit schedules for final accounts.

• Actively engage in monthly and yearly closings.

• Make necessary entries for prepaid, unearned, and accrual.

• Engage and control the functions of job costing and project accounting.

• Perform all other related duties to improve internal efficiency.

Reports include, but are not limited to: monthly utility comparative analysis, staff incentive report, and various analysis reports upon demand.

3. ERP Implementation

• To achieve successful implementation of an ERP system for Point of Sale (POS), Inventory, Accounts, Human Resources (HR) and Payroll, as well as Fixed Assets

• Actively participate in updates and developments of the ERP system in accordance with the established timeline.

4. Overall Budgetary Functions:

• Supervise and participate in the preparation of expense budgets for various areas such as Facility Maintenance, Expenses per outlet, Administrative and Office Overheads, HR budgets and purchase budget.

• Responsible for performing other related duties pertaining to overall budgetary functions.

Reports include, but are not limited to: budget worksheets, Budget-Actual-Variance analysis, and flash reports

5. Overall Banking Functions:

• Manage bank payments and receipts, perform daily bank reconciliation and maintain accurate record keeping of all banking transactions.

• Communicate effectively with bank officials and ensure the highest level of confidentiality for all banking figures

• Meet daily deadlines for all banking related tasks

Reports include, but are not limited to: daily bank reconciliation, cash flow, and forecasted inflow and outflow.

6. Supervising and Engaging in Receivable Functions:

• Oversee the reconciliation of accounts receivable, including but not limited to: cash reconciliations, credit card reconciliations, and delivery service providers account reconciliations

• Take appropriate action for collection of debts

• Ensure compliance with IFRS requirements

• Develop and implement a cash audit plan

• Negotiate with food service providers to reduce commission charges

• Perform regular cash and credit card audits

• Develop and implement strategies to reduce cancellations and variations in cash and credit card transactions

• Develop and implement cash deposit systems and processes, including time bond deposit plans and measures to prevent fraud and mistakes

• Supervise and engage in all other related duties of the accounts receivable function.

Reports include, but are not limited to: variance analysis, schedule, cash and credit card audit reports

7. PDC Control

• Control and Manage PDC (Post-dated cheque) Process

To apply, please send your CV to recruitment@altoobi.com for consideration. Please note that only successful candidates will be contacted for further screening.