Senior Accountant
Saleh Bin Lahej Group Hospitality Division
Total years of experience :12 years, 11 Months
General Ledger, Financial Analysis & Reporting Function
• Responsible for the end of month closing process to ensure all corporate deadlines are met and information is presented in accordance with IFRS.
• Prepared monthly various financial reports, reconcile complex ledger accounts, generate reports, and forward to management regarding significant fluctuation.
• Conducting detailed variance analysis of all revenue & costs; preparing detailed financials & non-financial key performance indicators
• Monitored and reported budgetary discrepancies to senior management to maximize reporting efficiency and finalized spending plans
• Prepare analysis to determine the break-even of each restaurant and give recommendation to control variable & fixed cost.
• Developed new project financial feasibility.
• Preparing the bespoke reports to the management team as per the requirement.
• Liaison with external auditors to ensure timely completion of external audits.
VAT UAE & Oman
• Responsible for maintaining VAT files for all Input & Output transactions for UAE as well as Oman.
• Reconciling VAT monthly for both jurisdictions.
• Monthly filing of UAE VAT to FTA and Quartey filing of Oman VAT to concern authorities.
• Handling all the VAT related issues with FTA & Omani Authority.
Payable & Budgeting Function
• Daily & Monthly Bank Position updating and forecasting for all banks.
• Handling Bank loan accounts for the company and ensuring the accurate booking in books.
• Supervising & ensuring the periodic bank Reconciliations.
• Preparing periodic budget and analyzing the variance and reporting it accordingly with recommendations.
• Supervising payable team for timely supplier reconciliations & payments.
• Reviewing payable cycle controls before the payment voucher is posted.
• Supervising reconciliation of all General Ledger food and beverage inventory accounts on a monthly basis by designated dates.
• Coordination with revenue department in cash and credit card reconciliations to get the reliable projections for cash flow.
• Reviewing the payments of petty cash reimbursements for more than 40 restaurants.
• Managing the capital budget and payments for new restaurants projects.
• Preparing Payable budget and prioritize supplier payments as per budget
• Responsible for day by day management of properties issues.
• Financially analysis about the profitability of all properties and reporting to CEO
• Follow up customers for prompt payments.
• Budget preparation, financial forecasts, cash flow projection and variance analysis
• Monthly and quarterly reporting to Manager and CFO
• Review of processes including stores, warehouse, finance etc. to identify improvement opportunities in controls and to enhance process efficiencies.
• Preparation and review of monthly management accounts (P&L and balance sheet) and periodic statutory accounts as per IFRS
• Liaison with external auditors to ensure timely completion of external audits
• Dealing with banks, government organizations and departments
• Managing ERP and coordinating with ERP provider for development
During the period with the firm, I was involved in various assignments in Assurance and Advisory Services. I worked in ranged from manufacturing industry to service industry including hospitals and stock exchange. The assignments include external audits, risk based internal audits, full scope external audits, half yearly review, business processes evaluations, development of reporting system and on special assignments.
ACCA Full Member