Accountant / Senior Accountant (Food & Beverage Sector)

Job Description & Key Responsibilities

1. Financial Reporting & General Ledger Management

• Handle the full spectrum of financial accounting, including the timely preparation of monthly, quarterly, and annual closing of accounts for multiple brands and outlets.

• Perform clear variance analysis on outlet sales, operational costs, and bottom-line profitability, providing key actionable insights to management.

• Maintain accurate balance sheet reconciliations, fixed asset registers, and intercompany transactions across different operating entities.

2. F&B Cost Accounting & Inventory Control

• Collaborate with operations and kitchen teams to monitor, analyze, and optimize Food Costing, beverage costs, and central kitchen utilization.

• Track daily/weekly inventory variations, food wastage patterns, and discrepancies between POS-recorded usage and actual physical stock-take assessments.

• Oversee periodic physical stock counts at outlets and central storage hubs, ensuring strict adherence to internal valuation standards.

3. Cash Flow & POS System Reconciliation

• Manage daily cash flow operations, monitoring cash balances at outlet levels and safe-dropping procedures.

• Perform daily and monthly revenue reconciliations matching Point-of-Sale (POS) reports against actual settlements from various merchant payment modes (Cash, NETS, Credit Cards, GrabPay, Foodpanda, etc.).

• Verify and process vendor payments, claims, and central purchasing invoices accurately.

4. Statutory Compliance & Tax Management

• Prepare and submit quarterly Goods and Services Tax (GST) computations and filings to IRAS in strict compliance with local regulations.

• Liaise with external auditors, corporate secretarial agents, and tax consultants for annual statutory filings and regulatory compliance.

Job Requirements

[MANDATORY CRITERIA]

• Minimum 2 to 4 years of solid, hands-on accounting experience directly within the Singapore Food & Beverage (F&B) industry or multi-outlet retail sector. Candidates without direct F&B operations exposure will not be prioritized.

Qualifications & Technical Skills:

• Qualifications: Diploma or Bachelor’s Degree in Accountancy, Finance, or equivalent professional qualifications (e.g., ACCA, CA Singapore).

• Technical Proficiency: High proficiency in accounting software (e.g., Xero, QuickBooks, Info-Tech) and strong integration familiarity with front-of-house POS systems.

• Advanced Excel Skills: Excellent capability in Microsoft Excel (VLOOKUP, Pivot Tables, financial modeling for food costing and gross margin calculations).

• Regulatory Knowledge: Up-to-date knowledge of Singapore financial reporting standards, local corporate tax regulations, and IRAS GST protocols.

• Attributes: Highly organized, meticulous, attentive to fine details, and robust enough to thrive in a fast-paced, multi-brand environment.