Accounting Manager / Chief Accountant - TJ / 1928673

Paramount Associates is seeking an experienced Accounting Manager / Chief Accountant to lead the financial operations of a well-established restaurant located on Feroxpur Road, Lahore. The ideal candidate will bring a minimum of five years of solid accounting experience, demonstrating expertise in financial reporting, general ledger management, budgeting, forecasting, and compliance with accounting standards. This role involves managing a team of 15 accounting and support staff while collaborating closely with other departments to ensure the accuracy and integrity of all financial data. The position requires strong leadership skills and the ability to oversee month-end and year-end closing processes, detailed account reconciliations, and audit management. Experience in store management, inventory control, stock reconciliation, and cost management—particularly within the restaurant industry—is highly valued.

Key Responsibilities

- Manage all financial accounting activities, including timely and accurate financial reporting, general ledger maintenance, and account reconciliations.
- Oversee month-end and year-end closing procedures, ensuring compliance with internal policies and external regulatory requirements.
- Prepare and analyze budgets, forecasts, and variance reports to support financial planning and strategic decision-making.
- Ensure strict adherence to tax regulations, including the timely filing of all statutory returns and compliance reports.
- Lead and coordinate audit processes by preparing financial statements and schedules, working closely with internal and external auditors to resolve queries.
- Maintain compliance with IFRS and GAAP accounting standards, keeping the department updated on any changes.
- Supervise store management functions such as inventory control, stock reconciliation, and cost management to protect organizational assets.
- Develop and implement accounting policies and procedures to enhance operational efficiency and strengthen internal controls.
- Provide leadership and direction to a team of 15 accounting and store management personnel, including recruitment, training, and performance evaluation.
- Collaborate with other departments to consolidate financial data and offer insights for business growth and cost optimization.
- Monitor and manage cash flows and working capital to maintain the company’s financial health and operational agility.
- Conduct detailed scenario planning and financial analysis to evaluate the impact of business decisions and external factors on financial performance.
- Maintain strong relationships with banks, financial institutions, and statutory bodies to ensure smooth financial operations.
- Drive continuous improvement initiatives in accounting processes and systems to increase accuracy and efficiency.
- Stay informed on industry trends, particularly within the restaurant sector, to apply best practices in financial management.

Required Qualifications

- A Master’s degree in Commerce (M.Com) or equivalent.
- CA finalist status is highly preferred.
- At least five years of relevant accounting experience.
- Strong knowledge of financial reporting, budgeting, forecasting, and compliance.
- Proven ability to manage a sizable team and coordinate cross-departmental activities.
- Practical understanding of store management, inventory control, and cost management.
- Familiarity with IFRS and GAAP accounting standards.

Preferred Qualifications and Benefits

- Experience gained through articleship at a reputable Chartered Accountancy firm is preferred, enhancing expertise in complex financial matters and tax compliance.
- Exposure to the restaurant industry is considered an advantage.
- Opportunity to lead a dynamic team within a reputable organization.
- A role that offers professional growth by handling diverse financial and operational responsibilities.

This position offers a challenging yet rewarding opportunity for a qualified accounting professional to contribute significantly to the financial success of a prominent restaurant business in Lahore.