Head Accountant

Head Accountant

Domeo Resources International (DRI) is a prolific organization that proffers HR and Management Consultancy solutions premised on excellence and innovation.

Head Accountant

• Job Type Full Time
• Qualification BA/BSc/HND , Professional Certificate
• Experience 8 - 12 years
• Location Abuja
• Job Field Finance / Accounting / Audit

Main Function

• The Head Accountant - Group is responsible for providing effective financial and accounting leadership across the Group and its subsidiaries, ensuring the accuracy, integrity, completeness and timely reporting of all financial transactions and records.
• The role provides central oversight of accounting operations across the Group's Hospitality and Real Estate businesses, ensuring that each subsidiary maintains proper books of accounts, financial controls, statutory records and reporting standards.
• The Head Accountant will coordinate the preparation of consolidated financial reports, budgets, management accounts, cash flow reports, tax schedules and other financial information required by Group Management and the Board.
• The role will also provide financial oversight for the different business models within the Group, including hotel operations, restaurants, events, property development, property management, rental income, property sales, construction-related expenditure and other real estate activities.
• The Head Accountant will work closely with the Group Financial Controller/CFO, Managing Directors, General Managers, Project Teams, Operations, Procurement, Human Resources, Legal and other relevant departments to ensure sound financial management, effective internal controls, regulatory compliance and informed business decision-making.

Role Responsibilities

Group Accounting Oversight:

• Provide overall supervision and coordination of accounting operations across all Group subsidiaries.
• Ensure that all subsidiaries maintain complete, accurate and up-to-date accounting records.
• Establish and maintain consistent accounting procedures and reporting standards across the Group.
• Review accounting entries, ledgers, journals, reconciliations and supporting documentation.
• Ensure proper classification and recording of income, expenditure, assets, liabilities and equity.
• Monitor the financial performance and accounting practices of each subsidiary.
• Ensure that accounting issues identified within subsidiaries are promptly resolved.
• Provide technical accounting guidance to subsidiary finance teams.

Consolidated Financial Reporting:

• Coordinate the preparation of monthly, quarterly and annual Group financial reports.
• Consolidate financial statements and financial information from all subsidiaries.
• Ensure proper elimination of intercompany transactions and balances.
• Review subsidiary accounts before consolidation.
• Prepare consolidated profit and loss statements, balance sheets and cash flow reports.
• Analyse financial performance across individual subsidiaries and the Group as a whole.
• Ensure Group reports are accurate, timely and suitable for management and Board review.
• Provide explanations for significant movements, variances and unusual transactions.

Hospitality Business Accounting Oversight:

• Provide financial and accounting oversight for the Group's hospitality subsidiaries and businesses.
• Ensure proper accounting for hotel rooms, restaurants, bars, banqueting, events, spa, laundry and other hospitality revenue streams, as applicable.
• Monitor revenue reconciliation between Property Management Systems (PMS), Point-of-Sale systems and the accounting system.
• Review daily revenue reports and ensure completeness of recorded income.
• Monitor food and beverage costs, labour costs, operating expenses and departmental profitability.
• Ensure proper accounting for service charges, commissions, discounts, complimentary services and other hospitality-related transactions.
• Review hotel and hospitality management accounts and operating results.
• Work with hospitality management to identify financial and cost-control issues.

Real Estate Accounting Oversight:

• Provide accounting oversight for the Group's real estate subsidiaries and property-related activities.
• Ensure proper accounting for property acquisitions, development costs, construction expenditure and property-related assets.
• Monitor accounting for rental income, leases, property sales and other real estate revenue.
• Review property development expenditure against approved budgets.
• Monitor project costs and commitments for real estate developments.
• Ensure proper classification of capital expenditure and operating expenditure.
• Maintain appropriate records for investment properties, property assets and development projects.
• Monitor receivables arising from property sales, leases and rental agreements.
• Work with project and property management teams to ensure accurate financial reporting.

Management Accounts:

• Coordinate the preparation of monthly management accounts for each subsidiary.
• Review subsidiary income statements, balance sheets and cash flow statements.
• Prepare Group-level management accounts and financial summaries.
• Analyse revenue, costs, margins, expenses, assets and liabilities.
• Provide management with clear explanations of significant financial movements.
• Ensure management accounts are completed within agreed reporting deadlines.
• Develop appropriate financial reports for different business units based on their operational requirements.

Budgeting and Financial Planning:

• Coordinate the annual budgeting process across Group subsidiaries.
• Review departmental and subsidiary budgets for completeness and reasonableness.
• Consolidate subsidiary budgets into a Group budget.
• Monitor actual performance against approved budgets.
• Analyse budget variances and identify areas requiring management attention.
• Assist management with financial forecasts and business planning.
• Prepare financial projections for new investments, properties, hotels and other Group businesses.
• Support management in assessing the financial implications of strategic business decisions.

Accounts Payable and Receivable Oversight:

• Ensure proper management of accounts payable and accounts receivable across subsidiaries.
• Monitor supplier balances and payment obligations.
• Review customer and tenant receivables and outstanding balances.
• Ensure timely reconciliation of supplier and customer accounts.
• Monitor aged receivables and support effective collection processes.
• Review major outstanding balances and recommend appropriate action.
• Ensure payments are su