Ahmed Fayed

* The Regency Hotel
Accounting Manager (Sep 2023 - Present )

- Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
- Ensure compliance with accounting standards and regulatory requirements in financial reporting of the Hotel industries.
- Monitor hotel performance KPIs, providing financial insight to senior leadership.
- Develop and manage the hotels annual budget and conduct financial forecasting and variance analysis.
- Monitors and contains all property inventories to ensure proper levels without causing burdens on property cash flows.
- Analyse the operational costs and identify areas for improvement.
- Ensuring that cash flow is adequate to allow business units to operate effectively.
- Working with executives and business heads to track the profit/loss performance by business unit.
- Manage the accounting team through respectful communication, clear expectations, relevant training, productive coaching, regular meetings, and appropriate performance management.
- Coordinate and support the annual audit process, liaising with external auditors.

* Group Headquarter of Abdul Razzak A. Al Sane & Sons Group Co.
-Chief Accountant (Feb 2021 - Aug 2023)

- Supported Group CFO with consolidated financial statements, cash flow management, and intercompany cost allocations.
- Developed and enforced internal controls and accounting policies.
- Managed group-level banking operations, ensuring sufficient liquidity and compliance with credit facilities.
- Oversaw financial reporting and analysis for subsidiaries, ensuring accurate and timely submissions.
- Maintain subsidiaries accounts and reconciliations.
- Following on due dates for credit facilities and contingent liabilities.

* Nabeela Real Estate Co., Owners investments & Charity Projects (Subsidiary of Abdul Razzak A. Al Sane & Sons Group Co.
-Senior Accountant (Nov 2014 - Jan 2021)

- Verifying, allocating, posting and reconciling AP and AR.
- Collaborated with property managers on budgeting and expense monitoring.
- Recording & reconciling partners current accounts and them portfolio of investments and record the investment activities and analyse the possible variances and to make the necessary entries in the journals by interacting with the portfolio managers.
- Prepared financials for non-profit entities and supported audit procedures.

*Achievements:
- Successfully contributed to implementing internal control systems for a mineral water factory in Bahrain.
- Played a key role in SAP B1 ERP implementation at The Regency Hotel.

- Handle the financial reporting, budgeting, and variance analysis for ongoing projects.
- Manage AP/AR, cash flow, inventory reconciliations, and fixed assets.
- Following on due dates for credit facilities and contingent liabilities.
- Assisted with audits and Coordinate and support the annual audit process, liaising with external auditors.
- Coordinate with finance teams on offshore investments.

*Achievement:
- Participated in implementing Microsoft AX-Dynamics ERP system.

- Manage AP/AR.
- Analyse revenues, commissions, and expenses to ensure they are recorded appropriately monthly.
- Handle the monthly journal entries and ledgers reconciliation.
- Preparation of financial and management reports.
- Assist in auditing activities by providing necessary information and preparing requested documentation.
- Fixed assets overall control.

- Maintained daily bank transactions and reconciliations.
- Processed FOREX deals, LGs, and petty cash management.
- Assist in facilitating and completing monthly closing procedures.
- Used SAP for financial reporting and monthly closings.

- Managed day-to-day accounting operations, including AP/AR, inventory, and petty cash.
- Handled monthly closings, reconciliations, and cash flow tracking.
- Used ASWAQ 5 accounting software.