Accounting Manager / Chief Accountant - TJ / 1928673

Our client Paramount Associates is looking for a Accounting Manager / Chief Accountant in Lahore

Paramount Associates is seeking a seasoned Manager Accounts / Chief Accountant to oversee the financial operations and accounting functions of its renowned Restaurant located at Feroxpur Road Lahore. The ideal candidate will have at least five years of accounting experience, with a strong background in financial reporting, general ledger management, budgeting, forecasting, and compliance with accounting standards. This role demands the management of a team of 15 accounting and support personnel and close coordination with other departments to ensure the accuracy and integrity of financial data. The role requires a professional with the ability to manage month-end and year-end closing processes, perform detailed account reconciliations, and handle audit management effectively. A practical understanding of store management, inventory control, stock reconciliation, and cost management is essential, especially given the advantages of experience in the restaurant industry. This position calls for a qualified individual with an M.Com degree or a CA finalist status. Experience gained through articleship from a reputed Chartered Accountancy firm is preferred, adding to the candidate's proficiency in handling complex financial matters and tax compliance following IFRS and GAAP standards.

Responsibilities

• Manage all financial accounting activities including financial reporting, general ledger maintenance, and account reconciliations in a timely and accurate manner.
• Oversee month-end and year-end closing procedures ensuring compliance with internal policies and external regulations.
• Prepare and analyze budgets, forecasts, and variance reports to support financial planning and strategic decision-making.
• Maintain strict adherence to tax regulations and ensure timely filing of all statutory returns and compliance reports.
• Lead and coordinate audit processes by preparing financial statements, schedules, and working closely with internal and external auditors to resolve audit queries.
• Ensure that the accounting department follows IFRS and GAAP accounting standards and stays updated on changes in these frameworks.
• Supervise the store management function including inventory control, stock reconciliation, and cost management to safeguard organizational assets.
• Develop and implement effective accounting policies and procedures to improve operational efficiency and robustness of control systems.
• Provide leadership and direction to the team of 15 accounting and store management personnel, including hiring, training, and performance evaluation.
• Collaborate with other departments to consolidate financial data and provide insights for business growth and cost optimization.
• Monitor and manage cash flows and working capital to ensure the company’s financial health and operational agility.
• Conduct detailed scenario planning and financial analysis to assess the impact of various business decisions and external factors on the company’s financial status.
• Maintain strong relationships with banks, financial institutions, and statutory bodies to facilitate smooth financial operations.
• Drive continuous improvement initiatives in the financial accounting processes and systems to enhance accuracy and efficiency.
• Stay informed on industry trends, especially in the restaurant sector, to leverage best practices in financial management.