Senior Finance Manager
Burj Al Hamam Restaurants
Total years of experience :27 years, 9 Months
Burj Al Hamam is a traditional Lebanese restaurant in Saudi Arabia since 1979. Today, the “Burj al
Hamam” brand enjoys 4 decades of leadership and pioneering presence in the Lebanese food service market in the capital of the Kingdom with a current total of six Bistros, four Quick Service Restaurants and a Catering division.
Responsible of Finance, Accounting and Cost Control departments:
• In charge of Budgeting, Financial reporting, Treasury, Zakat/Tax, Banks relations, Payroll control.
• Enhancing the setup and reporting of Net Suite ERP system, proper interface with Revel (POS and
production) and Jisr (HR & Payroll).
• Ensure that concerned departments are all trained to and properly operating on the systems.
• Work closely with the GM and Owner to set the business plan, ensure forecasted ROI’s are
reached, profit margins are optimized and cash flow remains healthy.
• Periodical Financial reports with monthly operating dashboard, presentation with proper
analytical findings and recommendations.
• Implement and ensure compliance with internal financial and accounting procedures in
accordance with International Financial Reporting Standards (IFRS) and the Uniform System of
Account used in the hospitality industry (USA).
• Negotiate with banks for lines of credit or other financial services as required and appropriate.
• Responsible for setting up and maintaining a proper cost control department.
JHI is one of the longest-established, most stable and close-knit association of accounting, tax and business advisory professionals in the world.
Working with JHI-Haddad on project basis, the assignment consists of restructuring and re-engineering the Accounting and Finance departments as well as implementing related ERP systems for all modules (Finance, Supply Chain, Production, Sales, HR & Payroll etc.). Major clients:
- Alakso sal: Aluminum extrusion and joinery, anodizing, powder/wood coating and accessories factories.
- Mimosa: Pulp, paper and paper board mills industry. Hygienic and disposable tissues, paper products, plastic and foil products, printed cardboards boxes for industrial and agricultural produce.
- Construction Materials Co. - CMC: Waterproofing and construction materials, retail and conrracting.
- Makhlouf (Maison M): Delicateness stores and catering services.
M.A. Al Abdul Karim Co. is one of the leading retail companies in the Middle East offering the reputed brands from across the world with finest product & customer service.
Responsible for all financial and fiscal management
aspects of Al Abdul Karim operations including accounting and controls, financial analysis, investment evaluations and regulatory reporting.
In addition, acting as strategic partner to evaluate and give advice to the executive committee on the impact of long range planning, introduction of new programs, policies and business solutions.
Provides Al Abdul Karim with advices on strategic financial decisions, assists all department managers in improving their budgeting processes, and responsible for generating a cash flow projection process that satisfies operational needs.
Also responsible for the IT department and domestic purchasing departments.
Directed a successful implementation of a new ERP system, Microsoft Dynamics AX 2012 R3, with all related sub-ledgers (Finance, Procurement, Inventory, HR & Payroll, Retail and POS) and full integration of more than 115 stores in the Kingdom within 8 months only.
Reports directly to the CEO and a member of the management committee.
Almutlaq Furniture is a leader and pioneer in the furniture retail market, stuff for decades the company represented world-class premium brands and was always the source of quality furniture in Saudi Arabia.
1. Financing Strategies
a. Cash flow management & forecast.
b. Secure adequate financing.
c. Proper relations with banks.
d. Updating and maintaining Euro needs.
2. Budget Preparation and Control
a. Process owner of yearly budget and business plan.
b. Ensure accurate booking and proper budget allocation.
c. Control compliance with the final yearly budget and report discrepancies with related analysis.
3. Financial Reporting & Compliance
a. Monthly financial reports.
b. Financial modeling and simulations.
c. Financial highlights.
d. Ensure effective communication with the auditors and plan for the interim and year end audit.
e. Ensure proper follow up and compliance with the Management Letter Points raised by the auditors and communicate the necessary to the concerned departments.
f. Ensure that the organization is in compliance with the Tax regulations and laws affecting the business. Consult frequently the Tax advisors in order to be up to date with all the newly published laws.
g. Ensure compliance with the Accounting & Finance Polices & Procedures Manual (PPM).
h. Communicate and Encounter on time the Group’s financial queries.
4. Operational & Commercial Control.
a. Acting on behalf of the GM during his absence.
b. Business performance and results by division, location and brand with analysis and recommendations.
c. Monitoring sales, discounts, GP, EBIT and NP; Approving discounts and price adjustments.
d. Sales commissions review and approval.
e. Monitoring the CCC and recommending action plans.
5. Other Business related matters.
a. Directing the setup and implementation of Oracle Applications E-Business Suite.
b. Payroll review and approval.
c. Maintain a good relation with the suppliers.
d. Identify financial issues and work closely with department heads to resolve any such issues.
e. Proper coaching and training of the accounting team.
The Azadea Group is a premier lifestyle retail company that owns and operates more than 50 leading international franchise concepts in fashion and accessories, food and beverage, home furnishings, sporting goods, multimedia and beauty and cosmetics across the Middle East and Africa spread across 13 countries overseeing more than 650 stores.
1. Since it was newly established company in KSA, I was the first one hired for the operation and assisting all regional departments for setup and implementation of all required policies and procedures related to legal, financial, HR, IT and other matters.
2. Financing Strategies.
3. Budgets Preparation and Control
4. Financial Reporting and Compliance
5. Other Business related matters.
Established in 1970 in Riyadh, Salumco is one of the first aluminum fabrication plants to operate in the Kingdom of Saudi Arabia.
1. Contracts management.
2. Undertaking performance reviews with sales team.
3. Reduce the level of risks the company's operations are exposed to by recommending control techniques based on best practices.
4. Assist top Management with the decision making process, by providing all type of analytical studies.
5. Producing all required financial reports.
6. Monitoring of sales/collection and expense budgets and analysis of achievements compared to the budgeted figures.
7. Finalizing bank studies requirements (financial reports + analysis).
8. Monitoring of Payroll, PO and Stock modules.
9. Administering the implementation of a new ERP system for Accounting, Finance, Payroll, Stock, P.O., Contract System and Time Sheet under Oracle database implemented through Developer 2000.
JHI is one of the longest-established, most stable and close-knit association of accounting, tax and business advisory professionals in the world.
1. Control and examination of the companies accounting policies and procedures and their implementation.
2. Financial and managerial studies and analysis.
3. Recommend improvements to Audit program to improve overall control environment.
4. Determine the adequacy, efficiency and effectiveness of the system's internal control structure.
5. Review the reliability and integrity of management, financial and operating transactions and information.
6. Review the system established to ensure compliance with policies, regulations, procedures and laws.
4 years university studies and submittal of Final Research Paper entitled "Capital Investment study for AERO CLUB of LEBANON" (Forecasting, Cash Flow, Financial and SWOT Analysis…). Grade: Very Good (15/20)