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Job Summary
Job Title: Financial Accountant – HospitalityLocation: South Africa
Department: Finance / Accounting
Reports to: Financial Manager / Group Financial Controller
Job Purpose:
The Financial Accountant is responsible for managing all accounting operations within the hospitality business, ensuring accurate financial reporting, compliance with South African accounting standards (IFRS/GAAP), and supporting management in strategic financial planning. This role ensures timely and accurate financial statements, budgeting, and cost control to optimize business performance.
Key Responsibilities:
Financial Accounting & Reporting
Prepare monthly, quarterly, and annual financial statements in accordance with IFRS and local statutory requirements.
Maintain the general ledger and ensure all transactions are accurately recorded.
Reconcile accounts, including bank, supplier, and customer accounts.
Monitor and report on cash flow, profitability, and financial performance metrics.
Ensure compliance with SARS regulations, VAT, and other statutory obligations.
Budgeting & Forecasting
Assist in preparing annual budgets and financial forecasts.
Monitor budget vs. actual performance and report deviations to management.
Provide insights and recommendations for cost control and revenue optimization.
Accounts Payable & Receivable
Oversee invoicing, collections, and payments to suppliers.
Ensure timely processing of supplier payments and reconciliation of accounts.
Monitor debtor aging and implement credit control measures.
Internal Controls & Audit
Maintain and strengthen internal financial controls and procedures.
Liaise with internal and external auditors to facilitate audits.
Ensure proper documentation and compliance with company policies.
Management Support
Provide accurate and timely financial information to management for decision-making.
Support operational departments with financial guidance and analysis.
Assist in financial modelling for new projects or expansions.
Required Qualifications & Experience:
BCom (Accounting) or relevant Finance degree.
Professional qualification such as CA(SA), ACCA, or CIMA is highly preferred.
Minimum 3–5 years’ experience in accounting, preferably in the hospitality industry.
Strong knowledge of IFRS, VAT, and South African statutory reporting requirements.
Proficiency in accounting software (Pastel, Sage, QuickBooks, or similar) and MS Excel.
Key Competencies:
Strong analytical and problem-solving skills.
Attention to detail and high level of accuracy.
Ability to work under pressure and meet deadlines.
Excellent communication and interpersonal skills.
Strong organizational and time management skills.
Ethical, with a high level of integrity and confidentiality.
Bright Placements (PTY) Ltd
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