Chief Accountant

AI summary

Domeo Resources International is hiring a Chief Accountant for a hotel in Aba, Abia. The role leads all financial and accounting activities including reporting, budgeting, treasury, taxation, payroll, and cost control. The position reports to the General Manager and oversees a team of finance staff.

• Senior finance role overseeing all hotel accounting operations
• Reports directly to the General Manager
• Manages a team of accountants and finance officers
• Requires IFRS knowledge and Nigerian tax law compliance
• Focus on cost control and profitability across departments

Original source description

Chief Accountant at Domeo Resources International ⏲ Aug 6, 2026, 1:15 PM ⋕ View all Accounting & Auditing jobs Domeo Resources International (DRI) is a prolific organisation which proffers HR and Management Consultancy solutions premised on excellence and innovation. DRI analyses various organisational problems, develops improvement plans, deploys those plans and monitors the plans to ensure improved organisational performance. We are recruiting to fill the position below: Job Title: Chief Accountant Location: Aba, Abia Reports To: General Manager Department: Finance & Accounts Direct Report: Assistant Accountant, Accounts Officers, Cost Control Officer (where applicable), Income Auditor, Accounts Payable Officer, Accounts Receivable Officer, Payroll Officer, Storekeeper (functional oversight), Finance Interns, and other Finance Department personnel. Job Summary The Chief Accountant is responsible for planning, directing, coordinating, and managing all financial and accounting activities of the hotel to ensure financial integrity, regulatory compliance, operational efficiency, and sustainable profitability. The role oversees financial reporting, budgeting, treasury management, taxation, payroll, accounts payable, accounts receivable, internal controls, fixed assets, inventory accounting, and financial planning. In addition to the core accounting function, the Chief Accountant is responsible for overseeing the hotel's Cost Control and Profitability Management function, ensuring that operational costs are effectively monitored, controlled, analyzed, and optimized across all departments. The role works closely with the General Manager and Department Heads to safeguard assets, strengthen financial controls, improve operational efficiency, minimize waste, and maximize profitability. The Chief Accountant ensures compliance with International Financial Reporting Standards (IFRS), applicable Nigerian tax laws, hospitality accounting best practices, and company financial policies while providing strategic financial advice to management for informed decision-making. Key Responsibilities: Financial Accounting & Reporting: Maintain complete, accurate, and up-to-date accounting records in accordance with IFRS and company policies. Review journal entries, reconciliations, and financial adjustments. Ensure accuracy of the General Ledger and subsidiary ledgers. Ensure timely month-end and year-end financial closing processes. Present financial reports and performance analyses to the General Manager and Executive Management. Plan, organize, direct, and supervise all accounting and financial activities of the hotel. Prepare daily, weekly, monthly, quarterly, and annual financial statements and management reports. Monitor revenue, expenditure, assets, liabilities, equity, and cash flow. General Ledger Management: Investigate and resolve accounting discrepancies. Perform monthly balance sheet reconciliations. Ensure timely reconciliation of bank accounts, supplier accounts, and customer accounts. Review journal vouchers and accounting entries for accuracy. Ensure proper account coding and classification. Maintain and oversee the hotel's General Ledger. Accounts Payable & Procurement Contro: Supervise accounts payable activities. Reconcile supplier statements regularly. Monitor outstanding liabilities and payment schedules. Verify supplier invoices against approved Purchase Requisitions (PRs), Purchase Orders (POs), Goods Received Notes (GRNs), and delivery documentation. Ensure suppliers are paid accurately and within agreed payment terms. Ensure procurement transactions comply with company policies. Accounts Receivable & Credit Control: Supervise guest ledger, city ledger, corporate accounts, and credit accounts. Ensure timely collection of outstanding debts. Monitor outstanding receivables and debtor aging reports. Monitor credit risks and recommend corrective actions. Review credit applications and recommend credit limits. Coordinate with Sales and Front Office to resolve disputed accounts. Cash Management & Treasury: Monitor foreign currency transactions where applicable. Prepare cash flow forecasts and liquidity reports. Monitor daily cash positions and liquidity. Supervise cash collections, banking activities, and cash disbursements. Ensure adequate working capital for operations. Ensure proper reconciliation of cash receipts from all revenue outlets. Safeguard hotel cash assets. Budgeting & Financial Planning: Coordinate preparation of annual operating and capital budgets. Prepare financial forecasts and business projections. Conduct variance analysis and recommend corrective measures. Prepare long-term financial models. Assist department heads in preparing departmental budgets. Monitor budget utilization across departments. Support strategic financial planning and investment decisions. Financial Analysis & Management Reporting: Analyze financial performance and profitability. Recommend strategies to improve financial performance. Prepare management dashboards and KPI reports. Present financial analysis to management for decision-making. Analyze trends in revenue and expenditure. Monitor departmental profitability. Taxation & Statutory Compliance: Coordinate preparation and filing of VAT, WHT, PAYE, Company Income Tax, Pension, NSITF, NHF, Industrial Training Fund (ITF), and other statutory remittances. Liaise with tax authorities and regulatory agencies. Maintain complete statutory documentation. Monitor changes in tax legislation. Ensure compliance with all applicable tax laws and statutory obligations. Payroll Management: Maintain payroll confidentiality. Supervise payroll preparation and processing. Monitor overtime and payroll costs. Reconcile payroll accounts monthly. Review payroll calculations for accuracy. Ensure statutory deductions are correctly applied. Internal Controls & Financial Governance: Develop and maintain effective financial control systems. Ensure compliance with Delegation of Authority (DOA) policies. Investigate financial irregularities. Safeguard company assets. Ensure segregation of duties within finance operations. Review financial policies and procedures. Strengthen internal financial controls. Cost Control & Profitability Management: Analyze Food Cost, Beverage Cost, Labour Cost, Utility Costs, Housekeeping Costs, Laundry Costs, Engineering Costs, Administrative Costs, Spa Costs, and all operational expenditures. Review supplier pricing trends and procurement costs. Analyze recipe costing, standard yields, and portion control with the Executive Chef and Food & Beverage Manager. Identify cost leakages, wastage, inefficiencies, and unauthorized expenditures. Review banquet, conference, wedding, and event costing to ensure targeted profit margins are achieved. Develop profitability improvement strategies for all revenue centres. Prepare cost control reports and profitability analyses for management. Participate in menu engineering, pricing reviews, and profitability analysis. Monitor departmental operating expenses to ensure compliance with approved budgets. Establish and maintain effective cost control systems across all hotel departments. Review daily food and beverage cost reports against inventory consumption. Conduct cost variance analysis against budgets, forecasts, and previous periods. Monitor utility consumption and recommend energy-saving initiatives. Recommend practical cost-saving initiatives without compromising service quality. Monitor departmental payroll costs, overtime, outsourced labour, and manpower utilization. Inventory & Asset Management: Investigate stock shortages, breakages, spoilage, and pilferage. Oversee inventory accounting across all stores. Participate in daily, weekly, monthly, and annual stock counts. Supervise asset tagging and periodic verification. Ensure compliance with FIFO inventory principles. Monitor inventory movements and variances. Maintain the Fixed Asset Register. Monitor depreciation schedules. Coordinate disposal of obsolete assets in accordance with company policy. Revenue AssurancE: Ensure all hotel revenues are completely and accurately captured. Investigate revenue discrepancies. Strengthen revenue assurance controls. Monitor discounts, rebates, voids, refunds, and complimentary transactions. Reconcile PMS, POS, and accounting system reports. Review daily revenue reports from Front Office, Food & Beverage, Spa, Laundry, Events, and other revenue centres. Audit Coordination: Coordinate internal and external audit exercises. Provide audit schedules and supporting documentation. Implement audit recommendations. Maintain audit compliance records. Respond to audit findings promptly. Team Leadership & Staff Development: Coach and mentor finance employees. Conduct performance appraisals. Prepare departmental work schedules. Lead and supervise the Finance Department. Support succession planning within the department. Promote teamwork, accountability, integrity, and professionalism. Identify training and development needs. Systems Administration: Ensure system integrity and accurate financial data. Oversee financial modules within the Property Management System (PMS), Point-of-Sale (POS), accounting software, payroll system, and inventory management system. Coordinate software upgrades and system enhancements. Work closely with the IT Department on finance-related technology solutions. Coordination with Other Department: Work closely with the General Manager on financial planning and strategic initiatives. Support Procurement in supplier evaluations and purchasing controls. Provide financial guidance to operational departments. Collaborate with Department Heads on budget performance and cost optimization. Liaise with Internal Audit, External Auditors, Banks, Tax Authorities, Regulatory Agencies, and Financial Institutions. Reporting & Administration: Maintain complete accounting records and supporting documentation. Prepare Board reports, financial presentations, and management reports. Ensure proper record retention. Maintain confidentiality of financial information. Prepare daily, weekly, monthly, quarterly, and annual financial reports. Compliance & Continuous Improvement: Develop and improve financial policies and procedures. Participate in strategic planning initiatives. Introduce automation and process improvements. Ensure compliance with IFRS, company policies, statutory regulations, and hospitality accounting standards. Promote continuous improvement across finance operations. Qualifications and Requirements: Education: Master's Degree in Finance, Accounting, Business Administration (MBA), or related field is an added advantage. Bachelor's Degree in Accounting, Finance, Economics, or a related discipline. Experience: Experience: in a superior luxury hotel or internationally branded hospitality establishment is highly preferred. Minimum of 7–10 years of progressive accounting and finance experience. At least 5 years in a managerial position within a reputable hotel or hospitality organization. Professional Certifications: Certified Hospitality Accountant Executive (CHAE) (Preferred). ANAN. CFA (Added advantage). ACCA (Added advantage). ICAN (Mandatory or in progress). Skills & Competencies: IFRS. Hotel Cost Control. Inventory Management. Financial Accounting. Leadership. Decision Making. Communication. Analytical Thinking. Budgeting & Forecasting. Internal Controls. PMS & POS Systems. ERP Systems. Tax Planning. Hospitality Accounting. Negotiation. Cash Flow Management. Financial Analysis. Advanced Microsoft Excel. How to Apply Interested and qualified candidates should forward their CVs and cover letters to: [email protected] using "Chief Accountant_Aba"" as the subject of the email. Note: Only shortlisted candidates will be contacted. Application Deadline: 13th August, 2026. View all Jobs in Nigeria Aba and 1 other location Aba , Abia State Chief Accountant job vacancies in Nigeria