Job Details
Masheda Palms resort is hiring an Accountant to manage and oversee financial transactions and reporting processes within the resort. The role involves preparing and maintaining accurate financial records, overseeing accounts payable and receivable, ensuring compliance with tax laws and regulations, cash management, cost control and budgeting, and providing financial insights to support operations. The Accountant will collaborate with various departments and support senior management in making informed decisions based on financial data. Full Time position based in Uganda.
Key Duties and Responsibilities
- Maintain accurate and up-to-date financial records for the resort, ensuring all transactions are properly recorded in the accounting system.
- Prepare and manage the resort's monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow reports.
- Reconcile bank statements, credit card statements, and accounts payable/receivable to ensure accuracy and prevent discrepancies.
- Assist in preparing financial forecasts and budgets for the resort, providing data to senior management as needed.
- Manage the accounts payable process, ensuring that all invoices are received, verified, and paid in a timely manner.
- Handle accounts receivable, including monitoring outstanding payments, issuing invoices, and following up with clients or departments to ensure timely payment.
- Maintain accurate records of all payments and receipts, ensuring proper documentation and compliance with company policies.
- Oversee the resort's cash flow, ensuring funds are available to meet operational needs and prepare cash flow projections.
- Monitor and manage petty cash, ensuring proper handling and documentation.
- Ensure compliance with tax regulations, including sales tax, income tax, and other applicable taxes and prepare and file timely tax returns (VAT, payroll taxes).
- Collaborate with external auditors to facilitate annual audit and ensure compliance with financial regulations.
- Assist in preparation and monitoring of the resort's budget, track departmental expenditures and analyse variances between actual performance and budget.
- Provide regular financial analysis to identify trends, areas for cost reduction and opportunities for increasing profitability.
- Ensure proper accounting procedures and internal controls to safeguard financial assets and prevent fraud and conduct regular internal audits.
- Assist with payroll processing, ensuring accurate and timely employee compensation and compliance with payroll-related taxes and deductions.
- Provide financial analysis and performance reports and ad-hoc reports as requested.
- Work closely with operational departments (sales, F&B, front desk) and senior management in long-term financial planning.
Qualifications, Skills and Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional certification such as CPA (Certified Public Accountant) or CMA (Certified Management Accountant) is a plus but not required.
- Minimum of 2-3 years of accounting experience, preferably in a hospitality or resort setting.
- Strong understanding of accounting principles, tax laws, and financial reporting.
- Experience with accounting software (e.g., QuickBooks, Sage, Oracle, etc.) and Microsoft Office Suite (especially Excel).
- Strong analytical skills with ability to interpret financial data and provide actionable insights.
- Attention to detail and high level of accuracy in financial recordkeeping.
- Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
- Strong written and verbal communication skills, with ability to present financial information clearly to non-financial stakeholders.
- Knowledge of hospitality industry-specific accounting issues (e.g., room revenue recognition, cost of goods sold, F&B operations) is an advantage.
- High level of integrity and professionalism, with commitment to confidentiality and ethical standards.