chief accountant job description in hotel in uae

chief accountant job description in hotel in uae
ikhlass ikhlass
jobs Aug 23, 2024 0

chief accountant job description in hotel is pivotal in ensuring the financial health and stability of the establishment. As the key financial leader within the hotel, the Chief Accountant is responsible for managing and overseeing the entire accounting function, including financial reporting, budgeting, payroll, and compliance.

chief accountant job description in hotel

chief accountant job description in hotel involves the overall accountability of key financial functions, including financial reporting, budgeting, payroll, and audits. The Chief Accountant ensures that all financial procedures comply with legal requirements and internal standards, safeguarding the hotel’s financial integrity. Working closely with the management team, the Chief Accountant provides accurate financial insights that are crucial for informed decision-making, contributing to the hotel’s operational efficiency and long-term success.

Explore more: list of accounting responsibilities and job description for resume

chief accountant duties and responsibilities

Here are the key duties and responsibilities of a Chief Accountant:

  • Prepare monthly, quarterly, and annual financial statements.
  • Ensure that the financial reports are accurate and time-bound to the management and stakeholders.
  • Monitor, analyze accounting data, and report on it by preparing financial statements or reports.
  • Develop and administer the annual budget of the hotel in collaboration with the departmental heads.
  • Monitor and report variances between actual and budgeted figures.
  • Provide financial forecasts that assist in business planning.
  • Maintain the general ledger, including journal entries, reconciliations, and adjustments.
  • Ensure that all accounting records are maintained as per the company policy and accounting standard.
  • Manage and monitor the Hotel’s cash flow and ensure adequate funds availability to meet the operation and other requirements
  • Supervise accounts payable and account receivable.
  • Develop and implement rigid internal controls to protect the Hotel’s asset.
  • Conduct Audit at regular interval to ensure compliance with the internal policy and external legislation
  • Manage the payroll process, including ensuring accuracy and compliance with labor laws and tax regulations.
  • Manage employee benefits and deductions in coordination with the human resource department. Tax Compliance:
  • Ensure timely and accurate filings of Value-Added Tax, income tax, and other statutory obligations.
  • Liaise with external auditors and tax authorities as may be required. Financial Analysis:
  • Undertake financial analysis to identify trends, risks, and opportunities.
  • Provide recommendations on cost control, revenue enhancement, and profitability improvement.
  • Supervise and mentor the accounting team; train and develop staff as needed.
  • Allocate tasks and duties to team members for effective workflow.
  • Close liaison with departmental heads in providing financial guidance and support.
  • External auditors, banks, and other financial institutions. Qualification and Skills.
  • Bachelor’s degree in the field of Accounting, Finance, or related field, and CPA, CMA, or equivalent certification an asset.
  • Min 5-7 years experience in accounting and at least the last two years in a supervisory capacity.
  • Experience in the hospitality industry is very desirable.

Explore more: Discover general accounting duties and responsibilities

chief accountant qualifications

Below are the chief accountant qualifications in uae hotels:

  • Good grounding in the principles and practices of accounting.
  • Very good knowledge in using popular accounting software like –sap, Oracle, Quick Books and Micro Soft office suite.
  • Excellent analytical and problem-solving skills.
  • Good decision-making abilities.
  • Sound leadership and team-handling skills.
  • high attention to Detail and accuracy.
  • Good interpersonal and communication skills.
  • Language: Speaks English fluently; knowledge of other languages is an advantage.

chief accountant salary in UAE

The average salary for a Chief Accountant in the UAE is approximately AED 9,935 per month. This figure may vary depending on factors such as the size of the hotel, the specific location within the UAE, the individual’s experience, and the overall compensation package offered by the employer.

chief accountant job description in hotel in uae

In conclusion, chief accountant job description in hotel in uae highlights the crucial role of overseeing the financial operations within a hotel. 

Tags

Related Blogs

Leave us a comment