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Accountant
1 week ago
**Job Summary**
**Duties & Responsibility**
- Maintain accurate financial records for the F&B division, ensuring all revenues, expenses, and inventory are properly recorded.
- Timely posting of financial transactions in the accounting system.
- Reconcile daily, weekly, and monthly financial statements and summaries, ensuring compliance with local laws and regulations.
- Process and manage accounts payable and receivable, ensuring payments are processed on time.
- Review and verify supplier invoices, ensuring that all documentation and approvals are in place.
- Follow up on outstanding customer accounts and ensure timely collection of payments.
- Assist in the preparation of departmental budgets, forecasts, and financial plans for the F&B division.
- Monitor actual performance against the budget and analyze variances, suggesting corrective actions as needed.
- Conduct financial analysis on revenue, costs, and pricing for the F&B department, identifying opportunities for cost reduction and profit improvement.
- Regularly track food and beverage inventory to ensure accurate reporting and control.
- Work closely with the operations team to monitor waste and inventory loss, ensuring proper procedures are followed.
- Assist in analyzing the cost of goods sold (COGS) and implementing strategies to improve margins.
- Assist in preparing tax reports, including VAT, and ensure compliance with Bahraini tax laws.
- Support the annual audit process, preparing documentation and responding to queries as required.
- Prepare and present monthly financial reports to management, including profit and loss statements, balance sheets, and cash flow analysis.
- Provide in-depth financial analysis, highlighting key trends, profitability, and cost breakdowns in the F&B division.
- Maintain organized records and files for all financial transactions for easy retrieval.
- Assist with other ad-hoc accounting tasks and financial projects as needed.
**Qualification & Requirements**:
- Bachelor’s degree in Accounting, Finance, or a related field.
- Professional accounting certifications (e.g., CPA, ACCA, or similar) are a plus.
- Minimum 2-3 years of experience in accounting, preferably within the Food & Beverage or hospitality sector.
- Knowledge of accounting software (e.g., QuickBooks, SAP, Oracle) is essential.
- Prior experience in cost control and inventory management in the F&B industry is highly preferred.
- Strong understanding of financial statements, budgeting, and forecasting.
- Proficiency in Microsoft Excel and accounting software.
- Excellent attention to detail and strong analytical skills.
- Strong communication and interpersonal skills.
- Knowledge of Bahraini tax regulations and local financial reporting requirements is preferred.
- Ability to work independently, meet deadlines, and handle multiple tasks.
**Job Types**: Full-time, Permanent
Pay: BD500.000 - BD1,000.000 per month
**Experience**:
- Accounting: 2 years (preferred)
- Accounting within F&B: 2 years (required)
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