Group Financial Controller
Galle Face Hotel Group
Total years of experience :25 years, 11 Months
Represent in AGM’s, Board Meetings & act as member of group decision making board.
Preparing of budget, establish the cost drivers to convert the revenue to Profit,
Presentation of budgets, monthly results to the Board of Directors & Group Chairman.
Deal with stock exchange on public quoted companies of the group and external & internal auditors, tax authorities and government agencies as required & represent in AGM’s, OGM’s & EGM’S
Member of the remuneration & internal control committee of the group.
Conduct monthly operational meeting to address key operational issues with property managers..
Strict Control over F&B cost, Manu costing & entire purchasing of the properties as whole.
Participate in monthly departmental meeting & address the adverse KPI.s & request the action plan from HOD’s
Managing the cash flows by dealing with Tour Operations, creditors & other debtors.
Feasibility study on new business ventures.
Re-engineering & Re-structuring of marketing, stores, night audits & internal controls of all the properties.
Visiting to all the properties in regular intervals & conduct the meeting as & when it is necessary on efficiency on operational & finance.
Representation in key operational issues, rate decision as appropriate.
Participation of negotiation of foreign tour operator contracts.
Negotiation with Banks to arrange the financial facilities to the company
Introducing Cost Controls tools in the plant & it’s regular monitoring
Re-engineering of the administration function of the company.
Introducing of proper set-of management information system to manage the business.
Strict Controls over procurement & other payments.
Management of liquidity & carry out the treasury functions.
Regular advise on optimal product mix of the company & optimal level of plant utilization
Evaluation of launching of New Products on finance, Marketing & with national interest & appropriate decision there-on.
Regular improvement on system controls, stocks & management information of the company.
Preparation of Business Plans, Budgets, plans of capacity enhancement & cash Flow projections.
Finalization & Final approval to the Monthly trading pack.
Represent in the Board Meeting, Annual General Meetings & credit committee meetings & meeting with ministry of Finance.
Dealing with external & internal auditors, Muscat Security Exchange, Capital Market Authority & other regulatory authorities.
Work in the capacity of Financial Adviser to the Board & System Administrator.
Managing all the affaires of Accounts, debt collection, Stores & Procurement by way of effective & efficient decision in timely fashion.
Review and approve of Monthly accounts, Balance Sheet Reconciliations & MIS
Preparation of periodic budget, periodic forecast for all the hotels in the cluster.
Preparing statutory consolidated accounts with in the frame of IFRS and IAS.
Sorting out issues with intercompany and it’s reconciliation in monthly basis.
Regular review of the internal controls and suggest the strengthen of such controls.
Represent in HOD meetings, Credit Control and revenue meetings, participate monthly Trading reviews, Budget reviews ……… etc
Drawing Sales strategy on monthly basis for the region by dealing with all GM’s
Administrator to all IT system with in the region and deal with Head Office.
Executing weekly BACS run for suppliers.
Managing Cash inflow, Capex, prepare cash projections and perform treasury functions.
Dealing with External & internal auditors, government authorities, inter companies ....... etc
Approving invoice via the electronic system and seeking management approval where necessary.
Direct supervision of Financial Controllers, Revenue Controller, Sales Managers and indirect supervision of work of other department heads that had direct impact to finance.
Carry out periodic appraisal of FC’s and decide knowledge development plans.
Dealing with software developer on ERP Orion platform to restructure and re-engineering of business & finance processes.
Negotiation with Banks to arrange the financial facilities to the company
Introducing Cost Controls tools in various location of the business & the companies
Re-engineering of the administration function of the company.
Introducing of proper set-of management information system to manage the business.
Introducing of financial policies, procedures & internal control to have control over the cost.
Advising appropriate mix of trade & liquidity to improve the liquidity position of the company.
Control over liquidity of the company on purchases & stock maintenances & it’s approval
Introducing strict credit control on receivables.
Regular improvement on system controls, stocks & management information of the company.
Approval of various type of MIS reports for effective decision making..
Represent the finance in board decision and advise there-on.
• Reviewed the preparation of monthly accounts and fulfil all the information requirement of the stock exchange
• Present at the monthly management meeting to interpret cost centre performance and deal with queries raised by departmental heads.
• Prepared detailed schedules for Balance Sheet and P&L for statutory audits, year end audits and compliance audits.
• Deal with stock exchange, external & internal auditors, tax authorities and government agencies.
• Introduced additional business processes, formats, disciplines and policies in order to strengthen internal controls, including continuous monitoring such.
• Visit manufacturing plants on regular basis and review internal controls and operational cost to optimize the production.
• Represent the Company at AGM with Board of Directors and answered the queries raised by share holders of the financial affaires of the company.
• Advise the management on short term investment in timely manner of the funds excess over operation.
• Preparation of annual business plans and strategic plans and implantation of such plans.
• Analysed Financial Statements to plan the audit for compliance & substantive testing.
• Review the audit work carried-out by audit staff and approve audit working papers.
• Drafted management letters, auditors reports and conducted discussions with client management.
• Carried out stock verifications, feasibility study reports, due diligence, share valuations.
• Monitored the audit teams on the job and maintained client relationships.
• Preparation of annual reports in conformity with statutory disclosure requirements, Accounting standards and best practices of the profession.
• Preparation of financial statements and consolidated financial statements in multiple currencies in different reporting packages for parent company in overseas.
• Worked on one year special project of computerisation of front office and back office activities at the opening stage of the Full Moon Beach Resort ( Five Star Beach Resort) Republic of Maldives.
• Work as a Manager In-charge on Bank Audits & credit reviews.
Highest Marks in final part 1
Special honours