At Sultana Catering Pte Ltd, the Senior Accounting Officer assumes a crucial role in safeguarding the financial well-being and integrity of the business. His duties encompass a broad spectrum of responsibilities crucial for the operation and strategic security of the company.
Financial Reporting: The Senior Accounting Officer is tasked with preparing accurate and timely financial reports, which include balance sheets, income statements, and cash flow statements.
Budgeting and Forecasting: The Senior Accounting Officer will need to develop annual budgets and forecasts, aiding in the establishment of financial targets, and diligently monitoring performance against these benchmarks throughout the fiscal year.
Cost Control: Recognizing the significance of cost control in the F&B industry, the Senior Accounting Officer tracks expenses, identifies areas of potential overspending or inefficiency, and recommends prudent cost-saving
measures in deploying purchasing strategy and manpower productivity.
Inventory Management: Efficient inventory management is paramount in minimizing waste and optimizing
stock levels. The Senior Accounting Officer spearheads inventory tracking systems, conducts routine audits, and
implements strategies to mitigate carrying costs.
Compliance and Regulation: Ensuring adherence to all financial regulations and compliance standards,
including tax laws, accounting principles, and industry-specific regulations, falls under the Senior Accounting Officer’s purview.
Audit and Internal Controls: Collaborating closely with external auditors, the Senior Accounting Officer facilitates annual audits and upholds compliance with auditing standards. He also establishes and upholds internal controls to safeguard company assets and prevent instances of fraud or financial mismanagement.
Team Leadership and Development: The Senior Accounting Officer provides guidance, training, and mentorship to a team of junior auditors, fostering their professional development and ensuring cohesive teamwork within
the department.
In essence, the role of a Senior Accounting Officer demands a blend of technical proficiency, analytical
prowess, and strategic foresight, all of which are instrumental in driving the company’s financial success and
sustainability.
