Group Corporate Assurance
Al Rostamani
Total des années d'expérience :7 years, 8 Mois
Group Corporate Assurance
•Performed operational and financial audits in accordance with the annual audit plan and SAS 70
•Prepared audit programs and detailed audit work papers incorporating test schedules, observations, and audit conclusions with adequate reference.
•Conducted monthly General ledger reconciliation and substantiation(GLRS), Balance sheet substantiations and communicate outcome on analysis of top line and bottom line achieved.
•Conducted Reconciliation and Review of LC, Funded and Non funded facilities
•Reviewed MIS & communicate reasons for variances in budgeted and actual financial statements.
•Analyzed reasons for variances in Original, Revised and Actual cost incurred and revenue generated, approvals for variation claims, reasons for unbilled amounts.
•Conducted special audit of HR & procurement of hotel.
Ramee Group of Hotels & Resorts (OMAN & UAE).
• Prepared company consolidated financial statements- P&L, Balance Sheet, cash flow statements to ensure compliance with IFRS.
• Verified monthly payments made for municipality tax & tourism dirham for all the hotel properties.
• Performed general ledger reconciliation and substantiations(GLRS) with Accounts receivables, payables revenue & cash ledger
• Prepared Monthly prepared MIS, analyzing segmental Rooms, F&B-T revenue, communicate reasons for variances in budget and Actuals achieved for top line and bottom line.
• Verified & Analyzed reasons for variances in budgeted F&B costing report vis a vis Actual Cost incurred for Food & Beverages
• Prepared Food Wastage Report & Communicate solutions to reduce wastages, Analyze Occasional/Party/Ramadhan - Iftar based Food Costing Report.
• Reviewed annual beverage contracts with MMI & African eastern for all FOC & purchases, further reconcile actual FOC received as per contract terms for all the 17 hotel properties in UAE.
• Developed time and cost effective tools resulting in 8% food cost reduction and reduced cash conversion cycle
• Identified fraud related to non-compliance to procurement policies resulted in cost savings of USD 9k
• Identified cost savings of USD 4k during special audit on payroll
Prepare monthly P&L, Balance sheet, cash flow statement, mark-to-market statement for management submission.
•Ensure month-end closing of General Ledgers, verifying with subsidiary ledgers (Accounts receivable, Accounts payable, Revenue ledger).
•Analyzed and report on daily P&L with detailed breakdown for multiple products including futures, options, equities, currency and commodity derivatives.
•Preparing monthly MIS mentioning Budgeted, Actual Consolidated & Segmental revenue and bottom line projections.
•Conducted Reconciliation of commissions, revenue sharing and soft dollar rebates across the Equities business to
identify drivers of performance.
•Review MIS and communicate reasons for variances in budgeted and actuals along with projected cash flow statements.
•Introduced Self - Assessment Techniques to conduct Frequent Audit.
•Structured Risk Rating Matrix.
CFA Level 1 testing knowledge on hardcore financing and investing activities of company
Testing expert knowledge on Accounts, Finance, Audit and taxation.
masters in commerce focus on business management, financial and cost accounting