Financial Manager
NEW GIZA
Total years of experience :25 years, 0 Months
Responsible for the properties’ overall accounting and financial management requirements & reviewing & monitoring AR, AP, GL, Banks and cash actual balances, forecasting & budgeting as well.
Ensure suppliers are paid in a timely manner.
Ensure profits and losses are documented accurately.
Ensure all book keeping and accounting is in compliance with local regulations
Implement SOP and necessary control within the department and provide training to concerned staff.
Identify financial and operational risks in the hotel / club and implement procedures and protocols on a regular basis if necessary.
Ensure property protocols and procedures are administered fairly and consistently.
Oversee internal, external and regulatory audit processes.
Ensure compliance with Management & Licence Agreements and reporting standards.
Responsible for presenting annual budgets, business plans, monthly forecasts and monthly performance and variance analysis.
Verifying all financial reports are accurate and in compliance with local government regulations.
Prepare management reports in a timely manner and also ensuring deadlines are met.
Responsible for the renewal of annual maintenance contracts and other short term and long term contracts with the purchasing manager.
Responsible for purchasing approvals as per the delegation of Authority.
Responsible for validating Credit Applications and recommending Credit limits to the General Manager.
Participate in monthly credit meetings and defining the action plans for the accounts receivable staff.
Responsible for constant coaching and mentoring of the finance team.
Responsible for performance reviews for all finance team.
Responsible for representing the finance department during daily morning HOD meetings.
Monitoring of all local tax compliance that applies, and charged correctly and collected.
Assist with profit improvement opportunities for the operations.
Responsible to support and liaise with the General Manager in meeting the strategic goals of the organization.
Collecting, and reviewing financial information
Reporting to management and stakeholders and providing advice how the company and future business decisions might be impacted.
Submit financial reports related to budgets, account payables, account receivables, expenses Reviewing, monitoring, and managing budgets in operational level and long-term business plans based on these reports.
Ezdan on of the biggest company in Qatar and its portfolio include, (Real estate, 2 Malls, 3 hotels more than 3800 Rooms).
Mentored and directed three Finance departments in three different locations and issuer the operation runs a line with the head policy and procedures.
Mainly focusing on planning, implementing, and follow-up and correcting all financial aspects for the hotels company portfolio.
Company portfolio “includes 3*, 4* and 5* properties - Banqueting & Catering services.
Identify Key Performance Indicators (KPIs) for performance monitoring and quality measurement purposes pertaining to the activities performed by the Economics for the three hotels.
Able to review and monitor effectively control the Food & Beverage Cost.
Review and monitor the effective control the Food and Beverage outlets in terms of wastage, pilferage and efficiency within cost and benefits theory.
Monitor and analysing variance analysis for food & beverage and communicating with relevant parties.
Review and check the update and maintain receipts into the systems (Martial control system).
Analyze information, forecasts sales against expenses and creates annual budget plans and provide feedback.
Ensure a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
Ensure quality control and all financial transactions are properly recorded, filed, and reported.
Ensure all financial reporting systems comply with government regulations and legislation and ensure all entities are tax compliant.
Coaching and Mentoring finance heads of each business entity.
Long-term forecasting and strategic planning in conjunction with the Group General Manager, the preparation of long term forecast with appropriate comment and on an annual basis for strategic planning purposes.
Short term forecasting in conjunction with the Group General Manager and the Executive Team, the preparation of a monthly profit forecast for the next three months of the financial year compared to plan and /or previous forecasts with comments and other explanations as required.
Apply financial, commercial and business input into the management of the hotels operation to ensure that optimum performance is realized.
Review all financial plans and budgets regularly to look for cost reduction opportunities, financial risks and to check for discrepancies.
Action being taken to achieve planed or forecast performance.
Variance Analysis - to report according to formats set by head office and as required by the General Managers and Group General Manager on the actual performance compared to budget and /or forecast with appropriate commentary explaining the cause, effect and remedial.
Analyze financial feasibility of proposed initiatives, including the establishment of new centers and development of new programs.
•Maintain an adequate system of internal controls ensuring that both cycles outgoing and incoming are balancing and working in proper way.
•Produces timely financial statements and statistics as required by head office and law.
•Ensures all laws and fiscal regulations of the country in which the operation is located are complied with (including necessary permits and licenses). Ensures that local tax matters, including income and other taxes, are adequately handled in conjunction with owners where applicable.
•Manages cash flow in an efficient manner.
•Ensures that adequate purchasing procedures are used and store volume is kept to a minimum level.
•Ensures that full co-operation is provided to external auditors.
•Ensure compliance with all conditions set out in the agreement with owner and report immediately to the management any procedures or actions may it effect or against the agreement.
•Assumes responsibility for the safekeeping and updating of all leases and contracts, which may affect the financial status of the hotel.
•Ensures compliance with the project-capital expenditure policies.
Financial controller
Financial controller
Assistant financial controller
Assistant financial controller
Financial controller
Assistant financial controller
accounts payable
Accounts reservable
Income audit
Cost controller
Bank reconciliation
International Financial Reporting standard
Beachlor Of commerce Accountant Good