Chief Financial Officer
Royal Qatar,Mountazah Plaza Hotel , MES Trading and Cont & Arab International Trading and Cont CO
Total years of experience :21 years, 5 Months
Financial Advisor for Group chairman
Development work in these institutions.
Responsible for all external audit & tax requirement coordinating with Deloitte
Organization & Feasibility study for new projects
Prepare files for financing and loans from banks as per the central bank standard
Evaluate the performance of institutions in terms of profitability &quality coordinating with specialist’s technocracy
Preparation of financial budgets and annual reports and monthly
Keeping the balance of financial situation between cash flows& commitments
Provide sound financial advice
Determine current income, expenses, insurance coverage, financial objectives, risk tolerance, and other information needed to develop a financial plan.
Recommend strategies can use to achieve their financial goals and objectives, including advice on debt management, cash management, insurance coverage, and investments.
Identify and keep abreast of new market trends.
Use spreadsheets and market research to back up financial advice.
Review accounts to determine if life changes necessitate new financial strategies.
Determine the net worth of an individual or corporation.
Oversee the investments and making changes as necessary in order to help to gain even more money.
Determine current accounts & cost center between all institutions.
Control and internal audit in collaboration with the Deloitte
Reports to: Owners & General Manager
Subordinates: Accounts Department (chief accountant, IT in charger, accounts payable accounts receivable, income, night auditor general casher, bill collector, Food & Beverage Cost Controller, Purchasing & Store
Manage the Financial Function of the hotel to ensure the accuracy, integrity, legality and timeliness of financial reports in accordance regulations& Standards so can to support operation and achieve financial goals.
Responsibilities:
• Establish and maintains a system of internal control of hotel assets, revenues and expenses.
• Direct the timely recording of financial data and preparation of financial and management report required by government of Qatar and making sound decisions and plans and to meet legal and regulatory requirements.
• Develop and maintain annual budgets for use by Owner in measuring, planning and controlling business operations.
• Compile, together with the other executives, budgets and forecasts To compile, together with the
Other executives, budgets and forecasts covering all activities of the hotel
• To compile treasury/cash flow forecasts
• .Control expenses in relation to revenues as per approved budget for achieving maximum profits
• .Develop and administer systems and procedures to ensure the timely collection of receivable and the discharge of financial obligations and funding to the Owner.
• Provide financial consultancy service to Hotel Management for developing promotions to increase revenues or to adopt cost cutting measures to decrease expenses
• Ensure the safeguarding of hotel’s assets in the interests of Owner and General Manager for providing continuous and efficient service to the guest.
• Ensure that the F & B Control section provides timely and accurate reports to Management review and support the plans of the F & B Manager to control costs and improve revenues
• .Prepare annual salary increases for graded employees for approval by appropriate decision makers to compensate these employees on a timely basis
• . Ensure that the Purchasing section in thoroughly familiar with the market and obtain best possible bids on purchases to control or lower operating expenses
• . Ensure that all required coverage of all insurances policies of the hotel are in effect as well as all necessary licenses is renewed according to the Qatari law and government regulations
• . Responsible for reviewing and approving of legal contracts and attending to all legal matters in the hotel operations
• .Ensure maintaining of in-house back office computer system in optimum operating condition.
• To ensure that the accounts, records and transactions of the hotel are accurate and correct at all times
• Communications with owning company & sister hotels Current accounts
R E L A T I O N S H I P S
Internal : Owners, General Manager, and All Department Heads on Financial operation matters daily
.External: Insurers, Tax Consultants, Auditors, Bankers, Legal Advisor, and Government Authorities, Suppliers and Contractors in relation to matters periodically
-IDS PMS system FO, Accounting, payroll, stores / Excel interface)
-MS Excel, Microsoft outlook
-Audit with Deloitte
Position: Chief Accountant
Report To: Financial Controller: Finance Direct
Under the guidance of the Financial Controller and within the limits of Royal Qatar Policy & Procedures as outline in the accounting standards manual, is responsible for all Hotel accounting and Financial Controls.
Responsibilities:
-Responsible for handling and maintain the General Ledger
-To verify daily banking from duplicate of bank receipt to the General Cashier reports.
-Check the Daily General Cashier Report.
-Follow up, on delays in realizing deposit, and return checks,
-To carry out monthly reconciliation of all hotel bank accounts.
To maintain general ledger, starting from posting, adjusting, and printing and also to maintain the adequate of accounting records based on Accounting Standard to reconcile by monthly all Currents Assets of Balance Sheet
-Carry out the function of collecting city ledger accounts with the assistance of Account Receivable. Carry out the function of Financial Controller when he is out the hotel area
-To maintain a General Ledger as per instruction of the management, based on the guidance had given to.
- Posting into the IDS System by daily basis, all Front Office function and Income Auditing to print Daily Report, and filed into the proper place in sequence date and month and to store into the safe place for
-Responsible for timely reporting and payment of the taxes
-Prepares Annual Payroll, provisions Tax not latest than government time frame each year
-Complies with the Accounting Standard Manual Performs any other duties as assigned by the hotel’s management
RELATIONSHIP
Internal: Financial Controller, and All Department Heads on Financial operation matters daily.
External: Insurers, Tax Consultants, Auditors, Bankers, Legal Advisor, and Government Authorities, Suppliers and Contractors in relation assistance to the Financial Controller
-IDS system FO, Accounting, payroll, stores / Excel interface)
-MS Excel, Microsoft outlook
Responsibilities: ► To process all incoming invoices in an effective and timely manner in accordance with hotel policy.
- Prepare cheque run for approval on a weekly basis and attach all supporting documentation to each cheque and present to Controller and General Manager for signature.
- Reconcile supplier statements with hotel records on a monthly basis, in conjunction with the month end cheque run. Follow up all discrepancies.
- Balance account payable to the General Ledger daily.
- Match invoices and delivery dockets with corresponding purchase order.
- Ensure that all invoices are authorized by Department Heads prior to being processed through the system.
- Ensure the correct General Ledger codes are used and recorded on the invoices.
-Reconcile invoices to suppliers statement.
- Handle all accounts payable queries.
- Review, investigate and develop more efficient methods, procedures and processes to fulfill and meet the hotel’s accounts payable obligations and needs.
- Liaise with external suppliers and internal claimants to achieve compliance with systems, procedures and processes.
- Attend meeting as required.
- Ensure compliance with legislated health and safety requirements within the workplace.
- Comply with all Corporate and Hotel Standards and Procedures.
- Promote by example the principles of “The Power of Service”.
- Actively promote a work environment which cares for guests and associates alike.
-SUN Accounting system 4.2.6a/SP8 SQL database with Vision 5 (SUN / Excel interface)
-MS Excel
4 Stars Resort 199 Rooms Opened Februarys 2005
Position: Credit manager
Responsibilities: ►Implement and apply as per Accor Policy.
►Administrate credit facility& out standing
-received & verified all invoices
-coordinating with all departments about the invoices details
-arrange the invoices &prepare statements to send.
-coordinating with company to collect the outstanding balance
-cooperated with financial controller & A. payable about the monthly commitments
- flow up the outstanding &prepare reconciliation of the company
-cooperated with sales departments about credit facility
-evaluate the circumstance
- prepare reports and statistics to administration
-FIDELIO front office 7.13
-SUN Accounting system 4.2.6a/SP8 SQL database with Vision 5 (SUN / Excel interface)
-MS Excel
Responsibilities: ►Implement and apply Accor policy.
► As Income Auditor, monitor all transactions as they contribute to or detract hotel revenue. Specifically, you will be responsible for performing the following tasks to the highest standards:
Carry out daily checks of revenue via an Operations Audit as per hotel standards
• Reconcile and monitor commissions, housekeeper and rate discrepancies, and Conference and Banqueting Revenue against daily function sheets
• Check non-arrivals, late departures, no sales/voids, management bills, bill sequence and pay-outs
• Check bills signed to Room Account and record all covers
• Record Reset Counter
• Spot-check Function Diary and the settlement of function bills
• Reconcile telephone, Pay TV, newspaper revenue, guest laundry income, corrections and allowance
• Ensure Advanced Deposits are current
• Act in accordance with fire, health and safety regulations and follow the correct procedures when required
• Execute on tasks/requests as instructed by the Finance Manager and/or General Manager
• Prepare income JV Sales Journal
-Comsys Software
- Comsys Point Of Sale
-MS Excel
►Responsibilities: ► Duties and responsibilities:
- Assistance for Planning of audits for different companies by evaluating the internal control procedures, analysing the business and financial risks, identifying areas of major risks and ways to mitigate those risks, prepare risk assessment forms, and specifying the sample size to be audited based on risk assessment for each area.
- Review accounting policies, processes & procedures and prepare and implement audit plans and programs.
- Develop overall audit strategy, audit planning and audit programs to test internal controls addressing clients’ need and business environment, financial statement risks and other risks.
-Analysis of controls by identifying what could go wrong, if certain internal control procedures were missing and detect or prevent errors.
-Finalize the audit and prepare the financial statements according to IFRS.
- Perform post audit financial analysis through analytical review procedures and prepare recommendations for clients for any control weaknesses.
-Report and provide advice and recommendations regarding financial controls, budgeting and accounting and non-accounting matters.
- Provide help, support and share knowledge (in the form of both discussions and informal training of accounting concepts and ideas) to the audit team, which often includes the client team as well, to complete the task at hand.
- Evaluate the audit team progress in the form of per-job appraisal.
- Got formal training courses to staff on accounting concepts and internal Deloitte methodology
Certificate Database Developer 2003 from Egyptian Ministry of Communications& Orascom Group SQL Adaptive Server Enterprise. Database analysis and design Client server and Web Application Development
• Ain Shams University • -Faculty of commerce • BS C. Of commerce • Major: Accounting • 2001/2002