Job Description
About the Role
Our client, a Resorts Management Company, is seeking an experienced Financial Accountant to manage and oversee financial accounting, reporting, reconciliations, compliance, and internal controls for a hospitality establishment (hotel, resort, lodge, restaurant group, or hospitality management company). The ideal candidate will ensure accurate financial information to support operational decision-making and business performance.
Key Responsibilities
- Prepare monthly management accounts (P&L, Balance Sheet, Cash Flow)
- Perform month-end close processes (journals, accruals, prepayments, depreciation)
- Maintain general ledger accuracy
- Produce weekly and monthly financial reports for management
- Oversee AP processing (supplier invoices, purchase orders, GRNs) and ensure timely supplier payments and maintain supplier reconciliations
- Oversee AR billing, credit control, and debt collection
- Perform daily, weekly, and monthly bank reconciliations
- Monitor cash flow and liquidity
- Ensure proper cash-handling procedures (front office, bars, restaurants, petty cash)
- Verify daily revenue reports from PMS/POS systems (Opera, Micros, GAAP, etc.)
- Review room revenue, F&B revenue, banqueting/events income
- Monitor cost of sales and inventory movements (food, beverage, consumables)
- Support stock takes and variance analysis
- Prepare VAT calculations and submissions
- Ensure compliance with hospitality and finance regulations
- Liaise with auditors during internal and external audits
- Assist with annual budgets and rolling forecasts
- Support operational teams (F&B, Rooms, Front Office, Events) with cost insights
Requirements
- Bachelor’s degree in Accounting, Finance, or related field
- Professional qualification or studying toward: SAIPA, SAICA, ACCA (advantage)
- Hospitality finance experience preferred
- Minimum 24 years accounting experience (hospitality experience strongly preferred)
Qualifications
(No qualifications mentioned in the original job description)
Salary & Benefits
Competitive salary and performance-based bonuses. Professional development opportunities. Comprehensive benefits package.
Note:
As no qualifications were mentioned in the original job description, I have left this section blank.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in South Africa
In the realm of finance and accounting in South Africa, industry trends indicate a strong demand for professionals with expertise in financial management, analysis, and planning. Typically, roles in this sector involve supporting the financial performance of an organization, ensuring compliance with regulatory requirements, and providing strategic advice to senior management. Generally, career prospects are promising, particularly for those with advanced qualifications or relevant work experience.
Salaries for finance and accounting professionals in South Africa can vary widely depending on factors such as level of experience, company size, and industry sector. Typically, entry-level positions may start within the R200 000 – R350 000 per annum range, while senior roles can command salaries ranging from R800 000 to over R1 million per annum. However, these figures are broad and can fluctuate based on market conditions, company needs, and individual performance.
Common skills required for finance and accounting professionals in South Africa include proficiency in financial software such as SAP, Microsoft Excel, and accounting systems; analytical and problem-solving abilities; strong communication and interpersonal skills; attention to detail and organizational prowess. Other essential skills may include knowledge of tax laws and regulations, financial modeling, and data analysis.
The financial services sector, technology industry, and manufacturing sector are among the most common industries that employ finance and accounting professionals in South Africa. Financial services companies often require professionals with expertise in financial planning, risk management, and compliance. The technology industry demands professionals with experience in software implementation, cost analysis, and IT project management. Manufacturing sectors typically need accountants with knowledge of inventory management, supply chain optimization, and production planning.
Career development opportunities for finance and accounting professionals in South Africa are generally good, with many companies investing in training and development programs to enhance their employees’ skills. Typically, career progression involves moving into senior roles, such as financial manager, controller, or chief financial officer, where professionals can take on more strategic responsibilities and contribute to the organization’s growth and success.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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