Accounts Manager

Job Description: Senior Accounts Manager / Sr. Accountant

Location: Mumbai

Position Overview:

We are seeking a highly skilled and detail-oriented Senior Accounts Manager / Sr. Accountant to oversee the financial operations of our restaurant chain. The Senior Accounts Manager / Sr. Accountant will play a critical role in managing the accounting department, ensuring financial accuracy, and optimizing financial performance within the hospitality industry. This position requires a deep understanding of financial management in a restaurant environment, along with strong leadership skills and the ability to work closely with various departments to ensure efficient financial operations.

Key Responsibilities:

1. Financial Management:

   • Oversee and manage the day-to-day accounting functions for the restaurant operations, including accounts payable, accounts receivable, payroll, and general ledger.

   • Record and maintain accurate financial data related to the restaurant's daily operations.

   • Monitor and reconcile all financial transactions, including sales, expenses, and inventory.

   • Manage accounts payable by processing invoices, verifying expenses, and ensuring timely payments to suppliers.

   • Monitor accounts receivable, follow up on outstanding payments, and maintain accurate records.

   • Assist in the development and management of annual budgets.

   • Ensure accuracy of financial records, including preparation and review of monthly, quarterly, and annual financial statements.

   • Analyse financial data to identify trends, variances, and areas for improvement.

   • Assist in budgeting and forecasting processes, ensuring targets are met.

   • Ensure compliance with all tax regulations and requirements in Dubai. Prepare and file tax returns as necessary.

2. Reporting and Compliance:

   • Prepare and present financial reports to senior management, highlighting key metrics such as revenue, costs, and profitability.

   • Ensure compliance with all local, state, and federal tax regulations and reporting requirements.

   • Oversee the preparation and filing of tax returns and related documentation in a timely manner.

   • Ensure all financial transactions are accurately documented, filed and

   • Ensure adherence to company policies and industry regulations in all financial operations.

3. Cost Control and Profitability:

   • Monitor and analyse cost structures across all areas of the restaurant business, including food, beverage, labour and overhead costs.

   • Implement cost-saving measures and assist in the development of strategies to improve profitability and operational efficiency.

   • Monitor inventory levels and assist in implementing inventory control procedures.

   • Conduct regular audits to minimize losses and ensure accurate inventory valuation

   • Work closely with the operations team to identify and address any financial inefficiencies.

4. Cash Flow Management:

   • Ensure effective cash flow management, optimizing liquidity and ensuring that the restaurants have sufficient working capital to meet operational needs.

   • Oversee banking relationships, including managing cash deposits and withdrawals.

5. Internal Controls and Auditing:

   • Implement and monitor internal controls to safeguard company assets, ensuring that financial procedures and policies are followed.

   • Coordinate internal and external audits, ensuring all documentation and records are in order and audit-ready.

   • Conduct well-timed regular audits to ensure all financial records and documentation are up-to-date

6. Technology and Process Improvement:

   • Evaluate and implement accounting software and systems that improve operational efficiency and ensure accuracy.

   • Stay updated on emerging industry trends and technologies that can improve financial reporting and analysis.

7. Team Management and Development:

   • Lead, manage, and mentor a team of accountants, ensuring that they are motivated, well-trained, and aligned with company goals.

   • Conduct performance reviews and provide ongoing professional development opportunities to the accounting team.

   • Foster a collaborative work environment with other departments, particularly with restaurant management, to ensure smooth financial operations.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field; CPA or CMA certification preferred.

• A minimum of 7years of accounting experience, with at least 3 years in a senior management role, ideally in the hospitality or restaurant industry.

• Strong understanding of financial operations, including cost control, labour management, and profitability analysis.

• Excellent knowledge of accounting software and Microsoft Excel; experience with restaurant-specific accounting systems (e.g., POS systems) is a plus.

• Proven ability to lead a team, prioritize tasks, and meet deadlines in a fast-paced environment.

• Exceptional attention to detail, problem-solving skills, and analytical abilities.

• Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.

Additional Skills and Attributes:

• In-depth knowledge of tax regulations and compliance specific to the hospitality industry.

• Ability to develop and manage budgets and financial forecasts.

• Strong organizational and time-management skills, with the ability to work under pressure.

• Leadership qualities with a proactive, solutions-oriented approach.

• It is a Full Time Accountant job for candidates with 6+ years of experience.

More about this Accounts Manager job

1. What is the eligibility criteria to apply for this Accounts Manager job?
   Ans: The candidate should be Post Graduate and above and above with 6+ years of experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹35000 - ₹40000 per month that depends on your interview. It's a Full Time job in Mumbai.
3. How many working days are there for this Accounts Manager job?
   Ans: This Accounts Manager job will have 6 working days.
4. Are there any charges applicable while applying or joining this Accounts Manager job?
   Ans: No, there is no fee applicable for applying this Accounts Manager job and during the employment with the company, i.e., KING GROUP HOSPITALITY.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Accounts Manager role?
   Ans: There is an immediate opening of 1 Accounts Manager at KING GROUP HOSPITALITY
7. Who can apply for this job?
   Ans: Only Male candidates can apply for this Accountant job.
8. What are the timings of this Accounts Manager job?
   Ans: This Accounts Manager job has 09:00 AM - 06:00 PM timing.