Accountant (Food & Beverage Industry)

3 days ago


Kuwait City, Al Asimah Lumière Co. Full time

Position: Accountant

Industry: Food & Beverage

Location: [Specify Location]

Employment Type: [Full-time]

Reports to: Finance Manager / Chief Financial Officer

Job Summary

The Accountant in the food and beverage industry is responsible for managing financial transactions, maintaining accurate records, ensuring compliance with accounting standards, and optimizing financial processes. This role involves handling cost control, inventory management, accounts payable/receivable, tax compliance, and financial reporting specific to the food and beverage sector.

Key ResponsibilitiesFinancial Management & Reporting
  • Prepare and maintain accurate financial records, including balance sheets, profit & loss statements, and cash flow reports.
  • Conduct monthly, quarterly, and annual financial closings.
  • Prepare financial reports for management, identifying trends and financial performance.
  • Assist in budgeting, forecasting, and financial planning.
  • Ensure compliance with financial regulations, tax laws, and industry standards.
  • Monitor and analyze financial transactions to identify discrepancies and resolve them.
Cost & Inventory Control
  • Track and analyze food and beverage costs, ensuring cost efficiency.
  • Monitor inventory accounting, including stock valuation, usage tracking, and wastage control.
  • Work closely with procurement and operations teams to optimize purchasing and inventory management.
  • Analyze variances in food and beverage costs and suggest corrective actions.
Accounts Payable & Receivable
  • Process invoices, vendor payments, and ensure timely reconciliations.
  • Manage customer billing and collections to ensure cash flow efficiency.
  • Reconcile bank statements and financial accounts regularly.
  • Maintain accurate and up-to-date records of all financial transactions.
Tax Compliance & Auditing
  • Ensure timely filing of VAT, sales tax, and other statutory financial obligations.
  • Assist with internal and external audits by providing necessary financial documentation.
  • Maintain compliance with industry-specific tax regulations and financial policies.
Payroll & Expense Management
  • Assist in processing employee payroll, ensuring accuracy in salary calculations and deductions.
  • Manage employee expense reports and reimbursements.
  • Ensure compliance with labor laws regarding employee compensation and benefits.
RequirementsEducation & Experience
  • Bachelor's degree in Accounting, Finance, or a related field.
  • Certified Public Accountant (CPA) or equivalent certification is preferred.
  • 2-5 years of accounting experience, preferably in the food and beverage, hospitality, or restaurant industry.
  • Experience with cost accounting and inventory management is an advantage.
Skills & Competencies
  • Strong knowledge of accounting principles, financial reporting, and tax regulations.
  • Proficiency in accounting software (e.g., QuickBooks, SAP, Xero, or industry-specific software).
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and accuracy.
  • Ability to work under pressure and meet deadlines.
  • Strong communication and teamwork skills.
Work Environment & Schedule
  • Work is typically performed in an office setting within a restaurant, hotel, or food production company.
  • May require occasional visits to kitchen operations or warehouses for cost analysis.
  • Full-time position with standard working hours, though extended hours may be required during financial closing periods.
Seniority level
  • Mid-Senior level
Employment type
  • Full-time
Job function
  • Accounting/Auditing and Finance
Industries
  • Food and Beverage Services
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