Finance & Administration Director
Leto London
Total years of experience :11 years, 6 Months
London Franchise
• Formulating the operating cycle to the restaurant passing by costing, ingredients for food and beverage to reach for the fair value of net profit.
• Integrating all departments to effect on accounting statements through the budget.
• Lead & Manage finance-initiated cross-functional business improvement processes to increase efficiency, add value & reduce cost.
• Monitor the inventory, purchase items to integrate their effect on F&B ingredients and cost.
• Ensuring compliance with appropriate Accounting Standards, regulatory and statutory requirements
• Reviews internal Audit with the external auditor for final approval on the financial statements and reporting according to IFRS standard
• provide staff assistance to the Finance & Administration Director; prepare and present staff
reports and other necessary correspondence.
• Direct, coordinate and review the work plan for the Accounting Division; meet with staff to
• Identify and resolve problems; assign work activities and projects; monitor workflow;
review and evaluate work products, methods, and procedures.
• Identify opportunities for improving service delivery methods and procedures; review with
appropriate management staff; implement improvements.
• Participate in the development and administration of the Accounting Division budget;
forecast additional funds needed for staffing, equipment, materials, and supplies; direct the
monitoring of and approving expenditures; recommend adjustments as necessary.
• Prepare Fund Position for banks and banks reconciliation.
• Feasibility studies for new projects and capital investments, preparation of investment proposals for reviews by management and the Board using SWOT Analyses
• Prepare Payable aging report in due dates according to the actual and forecasting Cashflow statement.
• Prepare the annual financial reports such as (Balance Sheet, Income Statement, Cashflow and for each division and make the consolidation.
• Provide analysis reports of trends and forecasts then recommend actions for optimization.
Financial Analyst
• Extracting guidelines from corporate financial statements to compute various ratios.
• Analysis of company's abilities, determine threatening Risk by using Working Capital
• Analysis of company's costs from past to current and introduce the suits solutions
• Analyse ROI for capital projects prior to committing funds and, upon completion, determine if anticipated results were achieved Maximise cash flow performance of the hotel through controls on inventory (avoid excessive supply), credit and collection, disbursements, deposits, and remittances
Review all transactions in the general journal and post them to the ledger.
• Preparing trial balance then dealing with all closing and adjusting entries.
• Auditing financial Transactions.
• Preparing financial statements and relative financial analysis reports.
• Checking accounting entries as well as maintaining fallow up records on financials
• Plan and supervise financial statement engagements
• Guiding private clients with their investment portfolios.
• Following & Auditing Portfolios transaction
• issuing Financial Statements (Balance Sheet & P&L )
• Lead client audit engagements, which include planning to execute, directing, and completing financial Audits.
• Research and analyze financial statements and audit-related issues.
• Creating reports and analyzing the market trends to gather information regarding the processes.
• Helping in managing and accessing the risk involved in the business.
• Answering queries of the customers related to the procedures and policies of the businesses.
• Providing solutions to the companies and the clients for the risk’s threats.
• Ensure complete client satisfaction through open communication, managing expectations
• Meeting deadlines and proactively sharing engagement accomplishments.
• Gather and evaluate appropriate audit evidence
• Follow routine procedures to meet stated engagement objectives
• Research and determine appropriate accounting and auditing requirements in accordance with IFRS
• financial statements and related disclosures
• Prepare reporting documents and applicable required communication letter
• Streams throughout both rooms and food & beverage, including the marketing plan of how the same will be achieved
• Supervise city ledger, general ledger, guest ledger, and payroll sections within the Accounting & Finance Department and ensure the proper operation of Movenpick Hotel Kuwait accounting system
• Ensure that all the journals and related financial reports are filed for future reference.
• Distribution of authorities & level of responsibilities among employees to ensure smooth work process to achieve the co. objectives & goals.
• Assist and encourage implementing and streamlining the internal control procedures covering all activities of the hotel
• Supervise Accounting Officers in all sections, ensuring that through effective scheduling, cross-training, multi-skilled staff, and use of technology productivity is maximized.
• Preparing end-of-month / year statements - balance sheet, cash flow & income statement.
• Communicating with Banks for diff. facilities & loans If needed.
• Support the preparation of any statistical reports required from all sources including management, MH&R, or local authorities
• Develop reports and financial analysis to help CEO with decision making
• controlling Costs of restaurant and keeping quality of the recipe
• integration between all departments of restaurant warehouse, POS, Hr Manufacturing, and Accounting • suggest new investment and manage the opening with a breakeven point.
• Arrange store movement and expired date of food
• Assist CEO with franchising from a financial perspective
• Manage financial health of business including cash flow, debt, and investments
• Prepare budget and analyze the variances against the actual expenses.
• Forecast cash flow positions, related borrowing needs, and available funds for investment
• Depends on Technology and Automatically systems to reduce the cost of employee
• Perform a variety of advanced financial analyses to determine present and forecasted financial health of the company
• Prepare monthly financial statements such as Trial Balance, Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, Bank Reconciliation, and other required financial reports.
A challenging position and ability to multitask leading me to a more experience career in the field of Audit or Accounting department, where personal skills and experience is utilized in building up a rewarding professional development to be in a leading position to employ my efforts and potentials to develop the reported division: Accounting/Auditing; Banking; Construction; Finance /Economics; Financial Services; Real Estate; Administration; Automotive; Contracts / Purchasing; Construction/Civil Engineering and Hospitality ( F&B)
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