Chief Accountant

Role Overview and Duties

The Chief Accountant is responsible for managing the General Ledger (G/L) and Sub Ledgers (S/L), encompassing accounts receivable and payable, as well as overseeing journal entries and vouchers. Key duties include preparing recurring monthly journal vouchers related to standard, prepaid, and accrued expenses, reviewing payroll computations by the Paymaster, and posting labor expenses within the accounting system.

Financial and Tax Responsibilities

This role involves calculating payroll-related taxes, benefits, and expense allocations and creating the corresponding journal entries. A monthly reconciliation of G/L and S/L balances must be conducted, ensuring all ledger balances align and their details are verified. Daily bank reconciliations are also part of the remit.

Reporting and Compliance

The Chief Accountant completes journal entries and prepares the trial balance, submitting these to the Director Finance Business Partner and Assistant Director of Finance for approval prior to generating monthly financial reports. Additionally, summaries of closing activities are provided to the Assistant Director of Finance. Support is given during physical inventory and fixed asset counts as well as in the calculation and remittance of business and payroll taxes. The role assists with Balance Sheet reconciliations ensuring proper documentation management and prepares all necessary paperwork for internal and external auditors during hotel audits.

Process Improvement and Guidance

Providing advice to related departments on refining accounting procedures and aiding management in process enhancements are essential aspects of the position.