Financial Controller
Kuwait Hotels Company
Total years of experience :22 years, 11 Months
Prepare and submit the group’s monthly financial results, budget and quarterly rolling forecasts and complete the reporting requirements to the parent company
Perform detailed account analysis and corporate month-end processing and reporting
Maintain the general ledger, ensuring compliance with IFRS
Supervise the annual audits (internal and external)
Prepared monthly management accounts and performed general ledger reconciliations
Prepared reports summarizing the forecast company business activity and financial position
Prepared the weekly and monthly payroll and all related PAYG,
Determined depreciation rates to apply to capital assets
Supervised employees in the Finance and Administration Department and was responsible for the overall direction,
Reviewed and compiled financial data from 6 companies including balance sheets, profit and loss statements, treasury reports, budgets and forecasts
coordination and evaluation of this unit
Coordinated the preparation of year-end statutory accounts
Established and maintained relations with banks and other financial institutions
Prepared reports required by regulatory agencies and arranged for audits of company accounts
Analyze complex financial data and extract and define relevant information; interpret data for the purpose of determining past financial performance and to project a financial probability.
Oversee the development of unrestricted funds budgets, research grants and contracts, revenues, and gift accounts. Analyze budget patterns and projects expenditures.
Oversee the preparation of working papers and approved budgets; ensure that expenditures for budgets, and grants and contracts are monitored and that reports are prepared to maintain balanced accounts.
Serve as the contact person for all corporate relations to maintain and enhance Liberty Life's corporate image.
Develop and oversee the maintenance of budget monitoring systems.
Produced the year-end financial statements according to accepted IFRS accounting principles
Performed monthly, quarterly, and annual reconciliations and audit work papers, footnotes, and schedules as requested.
Reviewed, advised, and implemented modifications to accounting systems to maximize productivity, reporting and internal controls.
Performed fiscal year-end and fixed asset accounting as well as annual and mid-year budgets.
Performed monthly close processes to increase accuracy of recording financial transactions and analyzing results in a timely manner.
Performed variance analysis, estimates, budgets, standard updates, journal entries and account reconciliations.
Managed the corporate finance tasks including all financial, management and statutory accounting and reporting
Prepared and interpreted the actual monthly financial statements, forecasts, budgets and 5-year plans and reviewed the balance sheet reconciliations
Prepared and reviewed variance, cash flow and KPI reports
Managed intercompany processes and monitored KPI
Prepared journal entries and reconciles general ledger and subsidiary accounts;
Prepared monthly financial statements, including distributing monthly revenue and expenditure reports to departments.
Analyzed and reconciled expenditure and revenue accounts, including trustee accounts and investment reports.
Marked wire transfers and journal funding transfers and reconciled monthly bank statements.
Calculated and prepared reimbursement billings and tracks receivables; reconciled monthly accounts receivable.
Prepared audit schedules for external auditors and acted as a liaison between the City and auditors.
Assisted with the preparation of the annual and mid-year budgets
Maintain proper supplier master data file with full documents. Check for proper approval of invoices with all attached documents and keep daily posting of vouchers on the system using the accrual system. Monitor suppliers’ payments and list all contract and due payments schedule and their renewal date. Maintain good relation with suppliers with quick response to inquires. Perform proper supplier account analysis. Prepare accounts payable reconciliation/trial balance/analysis and issue monthly checks. Follow up of advance payment to supplier and handle advances to suppliers account. Secure end of year supplier confirmation for audit purposes.
Ensure correct accounting for fixed assets. This includes correct recording in the asset register, correct accounting for depreciation, disposal and profit/loss of sale of asset.
Follow up for all prepayment through keeping all transactions categorized in one register.
Match between A/P module and G/L every month
Perparation all invoice for customer
Posting all invoive in system
Prepration again for AR
Banking balance and deposits follow up
Handling A/P accounts including supplier’s invoices and payment terms specified for suppliers and hence following payments (check issuance payment) specified foreach supplier
Reconciling suppliers’ accounts through invoices and payments matching done between supplier’s statements and books ending with solving any problems related to suppliers ending balances.
Review all outlets check, separating cash and credit payments and hence allocating credit to custodians (travel agency or Guests).
Perparation all invoice for customer
Posting all invoive in system
Prepration again for AR
Banking balance and deposits follow up
Preparing CMA (Certified Management Accountant)