Director Of Finance
Sevens Holding WLL
Total years of experience :20 years, 8 Months
SEVENS HOLDING WLL \[GROUP\] - HEAD OFFICE, HOSPITALITY + CONSTRUCTION, BAHRAIN \[1.5 YEARS\] FEB 2022 TILL TODATE Director Of Finance \[Group Head of Finance\] - \[5 Star Hotels, Construction Projects, Night Clubs, Franchise Restaurants, Mall, Apartments, Car Rental\]
Led development of financial administration, improve internal controls, productivity and profitability by adopting best practices.
SAJID JAVED • Email: sajid.cfo78@gmail.com • Cell: +973 36968441 +923008400144 P a g e | 3 of 5 Key Accomplishments:
Oversee construction, Development and preopening of Franchise Restaurants/Night Club, Hotel and leading the Financial matters for followings
o Sevens Hotels and Resorts Wll www.sevensholding.com
o Royal Saray Resort - Managed by Accor www.royalsaray.com
o Franchise Clubs - i) Stage Bahrain, ii) Omni Bahrain, iii) Mood Bahrain
o Franchise Restaurants - i) OPA Bahrain, ii) Bagatelle Bahrain, iii) Scalini Bahrain, iv) Blacktap Bahrain o Rent a Car Service - i) 70 Cars Rental Wll
o Construction - i) One Projects
o Mall and Apartments - i) City Walk Mall, ii) The Sail Tower
Implemented internal controls, SOPs and SLAs in the tender, negotiation, comparatives, workorder/contracts approvals and payment process. Performed project cost analysis and conducted cost containment meetings/ trainings to reduce/control expenses. Reduced Projects cost by 15% and in 2 contracts cost reduced by USD2.1M.
Oversee construction, Development and pre-opening of franchise Restaurants/Night Clubs.
Critical Path Analysis, project site visits, liaison with construction, FFE and OSE and Preopenings.
Increased Profitability and reduced per occupied room cost, food & beverage cost percentage and overheads
without comprising on standards through effective internal controls, audit, cost containment meetings, Profit Protection Plan and staff trainings.
Analysis of Project Cost, Participation in Negotiation and Project meetings from client side, Evaluation and approvals of Comparative Statements, Work Orders and Contracts, Internal controls, Verification of Payments, Financial feasibility workings for new projects. Projects site visits, Liaison with construction consultants and Banks etc.,
Presently I am taking care of construction of 3 New 5 star Luxury Hotels, Renovation in following 9 existing Hotels and construction of high rise building of luxury apartments;
a) Marriott International Hotels - (Franchise in Pakistan)
1) Karachi Marriott Hotel. (Rooms 217) 2) Islamabad Marriott Hotel(Rooms 284)
b) Pearl-Continental Hotels - (Previously Inter-Continental Hotels)
3) Lahore. (Rooms 603) 4) Karachi. (Rooms 286) 5) Rawalpindi.. (Rooms 193)
6) Bhurban.(Rooms 190) 7) Peshawar(Rooms 145) 8) Muzaffarabad.(Rooms 100)
9) Gwadar. (Rooms 114)
c) Hotels Under Construction \[Expected Opening in 2020\]
10) Pearl Continental Hotel, Mirpur. . . . . . . . . .(Rooms 163)
11) Pearl Continental Hotel, Multan. . . . . . .. . ..(Rooms 172)
12) Zaver-Pearl Continental Hotel, Hayatabad..(Rooms 101)
d) Residential high-Rise Luxury Apartment Building (Apartments 400)
In addition to above, I am taking care of all Financial Matters and Financial Reporting requirements of following 5 Group Companies:
1- M/s. City Properties Pvt Limited, 2- M/s. Elite Properties Pvt Limited
3- Pearl Continental Air Pvt Limited 4- M/s. Pearl Continental Hotels Pvt Limited
5- Pearl Communications Pvt Limited.
• Finance & Accounting, Management, Internal Audit & Internal Controls, Financial Analysis, Planning, Budgeting & Forecasting, Supply Chain, Taxation, Banking, Leading & Supervision of Finance Division. Liaison with top management in implementation of corporate policies. Planning, Budgeting and forecasting with periodical controls, variance analysis, management reporting and ensuring compliance
• To effectively manage the funds flows and the inventory levels of the company.
• To ensure compliance with the provisions of the Income Tax Ord. and Sales Tax Act
• To liaise with the relevant government authorities such as Excise & Taxation, EOBI, SESSI and ensure that all the required returns/ statements are submitted in time and the relevant rules/ regulations are followed.
• Financial management; Dealing with tax consultants. Financial Statements, Financial Package, Audits.To ensure compliance with Company policy and procedure.
• Internal Controls and System development for effective operations;
• Monitoring: purchasing, payments, invoicing and recovery. Liaison with banks and handling all banking matters. Liaison with legal advisors to handle legal cases. Handling legal matters with Government Departments.
• Staff training & development, Provide assistance to General Manager and corporate office in making decisions.
• Leading and Supervision of all matters related with Finance Division etc.
Sub-Departments in Finance Division:
1). Accounts department, 2) Purchase department, 3) Credit Department, 4) Payable,
5). Payroll, 6-) Income Audit and Revenue Control, 7) Cost Control Department,
8). Inventory Control, 9) Stores, 10) Receiving.
• Finance & Accounting, Management, Internal Audit & Internal Controls, Financial Analysis, Planning, Budgeting & Forecasting, Supply Chain, Taxation, Banking, Leading & Supervision of Finance Division. Liaison with top management in implementation of corporate policies. Planning, Budgeting and forecasting with periodical controls, variance analysis, management reporting and ensuring compliance
• To effectively manage the funds flows and the inventory levels of the company.
• To ensure compliance with the provisions of the Income Tax Ord. and Sales Tax Act
• To liaise with the relevant government authorities such as Excise & Taxation, EOBI, SESSI and ensure that all the required returns/ statements are submitted in time and the relevant rules/ regulations are followed.
• Financial management; Dealing with tax consultants. Financial Statements, Financial Package, Audits.To ensure compliance with Company policy and procedure.
• Internal Controls and System development for effective operations;
• Monitoring: purchasing, payments, invoicing and recovery. Liaison with banks and handling all banking matters. Liaison with legal advisors to handle legal cases. Handling legal matters with Government Departments.
• Staff training & development, Provide assistance to General Manager and corporate office in making decisions.
• Leading and Supervision of all matters related with Finance Division etc.
Sub-Departments in Finance Division:
1). Accounts department, 2) Purchase department, 3) Credit Department, 4) Payable,
5). Payroll, 6-) Income Audit and Revenue Control, 7) Cost Control Department,
8). Inventory Control, 9) Stores, 10) Receiving.
• Finance & Accounting, Management, Internal Audit & Internal Controls, Financial Analysis, Planning, Budgeting & Forecasting, Supply Chain, Taxation, Banking, Leading & Supervision of Finance Division. Liaison with top management in implementation of corporate policies. Planning, Budgeting and forecasting with periodical controls, variance analysis, management reporting and ensuring compliance
• To effectively manage the funds flows and the inventory levels of the company.
• To ensure compliance with the provisions of the Income Tax Ord. and Sales Tax Act
• To liaise with the relevant government authorities such as Excise & Taxation, EOBI, SESSI and ensure that all the required returns/ statements are submitted in time and the relevant rules/ regulations are followed.
• Financial management; Dealing with tax consultants. Financial Statements, Financial Package, Audits.To ensure compliance with Company policy and procedure.
• Internal Controls and System development for effective operations;
• Monitoring: purchasing, payments, invoicing and recovery. Liaison with banks and handling all banking matters. Liaison with legal advisors to handle legal cases. Handling legal matters with Government Departments.
• Staff training & development, Provide assistance to General Manager and corporate office in making decisions.
• Leading and Supervision of all matters related with Finance Division etc.
Sub-Departments in Finance Division:
1). Accounts department, 2) Purchase department, 3) Credit Department, 4) Payable,
5). Payroll, 6-) Income Audit and Revenue Control, 7) Cost Control Department,
8). Inventory Control, 9) Stores, 10) Receiving.
• Finance & Accounting, Management, Internal Audit & Internal Controls, Financial Analysis, Planning, Budgeting & Forecasting, Supply Chain, Taxation, Banking, Leading & Supervision of Finance Division. Liaison with top management in implementation of corporate policies. Planning, Budgeting and forecasting with periodical controls, variance analysis, management reporting and ensuring compliance
• To effectively manage the funds flows and the inventory levels of the company.
• To ensure compliance with the provisions of the Income Tax Ord. and Sales Tax Act
• To liaise with the relevant government authorities such as Excise & Taxation, EOBI, SESSI and ensure that all the required returns/ statements are submitted in time and the relevant rules/ regulations are followed.
• Financial management; Dealing with tax consultants. Financial Statements, Financial Package, Audits.To ensure compliance with Company policy and procedure.
• Internal Controls and System development for effective operations;
• Monitoring: purchasing, payments, invoicing and recovery. Liaison with banks and handling all banking matters. Liaison with legal advisors to handle legal cases. Handling legal matters with Government Departments.
• Staff training & development, Provide assistance to General Manager and corporate office in making decisions.
• Leading and Supervision of all matters related with Finance Division etc.
Sub-Departments in Finance Division:
1). Accounts department, 2) Purchase department, 3) Credit Department, 4) Payable,
5). Payroll, 6-) Income Audit and Revenue Control, 7) Cost Control Department,
8). Inventory Control, 9) Stores, 10) Receiving.
Presently I am working as “Director Finance” in “Pearl Continental Hotel, Bhurban” (Previously InterContinental Hotel) and have working experience of more than 12 years in “Pearl Continental Hotels” and “Marriott Hotel’. I had started my career in March 2002 and then based on my performance and qualification I got promotions on difference positions which have given me immense in-depth knowledge and experience of all related areas of Finance, Accounts, Audit, Operations and have worked as “Director Finance” in 5 Hotels of Hashoo Group: i.e.
1- Pearl Continental Hotel, Bhurban, 2- Pearl Continental Hotel, Lahore, 3- Pearl Continental Hotel, Rawalpindi,
4- Pearl Continental Hotel, Karachi, 5- Marriott Hotel, Karachi, 6- Pakistan Services Limited (Head Office)
“Pearl Continental Hotel” (Previously InterContinental Hotel) is the leading 5 star hotel in Pakistan and in the hotels’ top ranking it is considered as number 1 in Hotel Industry. “Pearl Continental Hotels” are owned and operated by the “Pakistan Services Limited” (“the Company”) which has its’ registered office in Islamabad, Pakistan and the group is known as “Hashoo Group” (www.hashoogroup.com) which has 43 big Subsidiary and Associated Companies in Pakistan and all over the world. In Hotel line it has Pearl Continental Hotel in 8 cities (Lahore, Karachi, Rawalpindi, Bhurban, Peshawar, Muzaffarabad, Gawader, Faislabad) and “Marriott Hotel” in 2 cities (Karachi and Islamabad)
1 FCMA (Fellow Member of Cost & Management Accountants of Pakistan) ICMAP (Institute of Cost and Management Accountants of Pakistan) Cost and Management Accounting 2003 2 APFA (Associate Member of Public & Finance Accountants) PIPFA (Pakistan Institute of Public and Finance Accountants) Finance & Accounting 2002 3 M.Com HEC (Higher Education Commission) Commerce 2007 4 CIMA - UK Chartered Institute of Management Accountants Management Accounting Student-CPGA Route 5 B.Com Hailey College of Commerce. Punjab university Lahore Commerce 1997
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