Finance Manager
Binhendi enterprises
Total years of experience :16 years, 1 Months
- Supervised professional team of 15 members in finance department and 600 staff from different nationalities and cultures to run day to day work.
- Completed all finance due diligence and maintained optimum productivity.
- Handled and managed accounting and finance for 30 Restaurants with different cuisine inside UAE with total yearly revenue 125 m in local currency.
- Implemented the policy and procedures for F&B division and put the internal control in place.
- Achieved 5% cost reduction after evaluating production cost and controlled the wastage.
- Increased the profitability by 15% after controlled overhead expenses and utility cost.
- Managed the franchise revenue and communicated with main and sub- franchisee related contracts, royalty payments.
- Increased the top line revenue by 3% thanks to bad debt collection.
- Handled leasing department and followed up with rental system to recognize internal control and increase the productivity while maintain contracts confidentiality.
- Dealt with lessor like Emaar, MAF and Nakheel for all leasing contracts and negotiated base rent and service charges and achieved 5% reduction in rent compared by previous year.
- Managed the post renovations plan and checked stores requirements from lessor and obtained the required NOC for Government use and issuing licenses.
- Reduced the F&B cost percentage from 32% to 26% after analyzing the sales mix menu engineering.
- Created the policy and procedures for all F&B division and applied the process of inventory system to control the receiving and requisition processing.
- Dealt with over 100 vendors and contractors with total monthly ageing 2.5 m to 3 m and negotiated the prices for maximizing company benefits and cost saving.
- Managed daily operation cash flow and supervised treasury departments for providing the required funds to run the operation in professional manner.
- Dealt with bankers for all required funds and facilities to support operation requirements and future investments and expansion plan.
- Monitored monthly MIS preparation and provided analytical reports to the management for internal and external use.
- Managed the process and preparation of yearly budget.
- Supervised the preparation of monthly payroll for 600 staff to ensure payments to employees are done on time and managed WPS verification.
- Supervised professional team of 8 members in finance department and 400 staff from different nationalities and cultures to run day to day work.
- Handled and managed the accounting and finance for 5 Restaurants and beach club with different cuisine inside UAE with total yearly revenue of 80 m in local currency.
- Communicated with offshore firms and managed the process of BVI documentation.
- Dealt with local and international investors for all related financial reports and dividends payments.
- Tracked and records the pre-opening of Claw Restaurant Dubai with total investment of 15 m as well effectively managed the pre-opening (post renovation) of OKKU Dubai, UAE.
- Implemented internal control procedures and achieved EBITDA increased from 8% to 18%.
- Dealt with over 120 vendors and contractors for total monthly ageing 1.5 m to 2 m and negotiated the prices and trade deals to maximizing company benefits and achieved 4% saving in cost.
- Sustained positive working relationship with customers and suppliers to ensure effective receivable and payable management.
- Managed the process and preparation of yearly budget.
- Provided positive support to operation team and restaurants management to complete the company vision and future plan.
- Reviewed potential risk exposures of the company for insurance coverage.
- Dealt with insurance brokers on risk evaluation for providing adequacy and premium competitiveness of insurance policies.
- Filed and followed-up insurance claims and ensured validity of policy periods and renewals.
- Managed risk exposures of the company due to negligence and unforeseeable accidents.
- Implemented the emergency procedures of financial reports, MIS data back-up to minimizing the risks in data losses or damages.
- Sustained positive relationship with external auditors and investigated their findings and implemented their recommendations.
- Supervised the preparation of monthly payroll for 400 staff to ensure payments to employees are done on time and managed WPS verification
- Supervised professional team of 4 members in finance department and 200 staff.
- Handled and managed the accounts and finance for 2 Arabic Restaurants based in Dubai, UAE.
- Managed the process of increasing the revenue from 20 m to 40 m within 3years after spearheading conceptualization and implemented finance policy and procedures.
- Tracked the pre-opening of Zaroob Restaurant as well the post renovation plan of Mezza House Restaurant.
- Focused deeply in to F&B production cost and achieved 5% reductions in actual cost.
- Dealt with local suppliers and negotiated purchasing prices for maximizing company benefits.
- Dealt with cash flow challenge in Zuhour Group to providing liquidity to run the operations while managing self-investment to run the post renovation plan of Mezza house and Zaroob Restaurants.
- Prepared the consolidated trial balance, income statement and financial statement (monthly, quarterly and yearly) and provided analytical reports of business performance.
- Monitored and verified daily accounting tasks while adhering to an accounting deadline and resolved accounting discrepancies and irregularities.
- Provided full and accurate forecasts, budget proposals and effective financial recommendations through in-depth financial analysis.
- Designated to manage the hospitality division and achieved the expansion plan while maintaining the smooth running of operated restaurants.
- Handled and managed the process of opening 8 new Restaurants in three years with different cuisine (2 Biella, 3 Noodle house, 1 maysoon, 1 les deux maggot, 2 Wafi Gourmet Bahrain and Doha).
- Managed the process of increasing the revenue of F&B division from 20 m to 75 m in three years after operating the new Restaurants and maintained internal control policy.
- Sustained positive relationship with other divisions of the Group and provided internal support and task force when required.
- Kept the division in line with board vision and Group future plan.
- Supervised the preparation of consolidated trial balance, income statement and financial statement (monthly, quarterly and yearly).
- Monitored and verified daily accounting tasks while adhering to an accounting deadline and resolved accounting discrepancies and irregularities.
- Provided full and accurate forecast, budget proposals and effective financial recommendations through in-depth financial analysis.
- Maintained ledger for assets and FF&E invoice for historical data use and references and prepared monthly asset reports.
- Was part from the pre-opening team of Grand Rotana Hotel & Spa and successfully tracked and filed all pre-opening expenses and invoices.
- Maintained relationship with owning company and management team.
- Worked with finance team to setup filing system and to record all details of FF&E.
- Performed accounts payable functions for hotel expenses and supplier invoices.
- Managed vendor’s accounts and generated weekly payment cheques.
- Processed vendor’s invoices and insured that the data was captured on daily basis.
- Insured that all journal entries, prepayments and accruals were captured in accounting system.
- Prepared accounts payable cheques and wire transfers.
- Prepared government taxes reports on time to avoid any government fines.
- Prepared profit transfer for owning company on monthly basis.
- Prepared management fee payment (basic- incentive) for Management Company in monthly basis.
- Prepared bank reconciliation on monthly basis attached with all supporting documents.
- Coordinated with cost controller to reconcile monthly stores Balance and vendor’s invoices.
- Was part from the pre-opening team of the three corners Palmyra Resort and successfully tracked and filed all pre-opening expenses and invoices.
- Maintained relationship with owning company and management team.
- Worked with finance team to setup filing system and to record all details of FF&E.
- Performed accounts payable functions for hotel expenses and supplier invoices.
- Managed vendor’s accounts and generated weekly payment cheques.
- Processed vendor’s invoices and insured that the data was captured on daily basis.
- Insured that all journal entries, prepayments and accruals were captured in accounting system.
- Prepared accounts payable cheques and wire transfers.
- Prepared government taxes reports on time to avoid any government fines.
- Prepared profit transfer for owning company on monthly basis.
- Prepared management fee payment (basic- incentive) for Management Company in monthly basis.
- Prepared bank reconciliation on monthly basis attached with all supporting documents.
- Coordinated with cost controller to reconcile monthly stores Balance and vendor’s invoices.
- Supervised 10 to 15 professional cashiers and handled cash transaction and POS tasks.
- Performed general cashier functions for the hotel and maintained auditing spot check for all outlets.
- Was responsible to be an account reliever and replace the Income auditor during his leave.
- Was ready to do any other tasks upon request from Hotel Financial Controller.
- Prepared general cashier daily report (collection - Expenses).
- Reviewed and verified Night Auditors logbook, daily revenue report and daily F&B report.
- Audited the daily cash summary and update General Cashier’s report.
- Reviewed overages and shortages of cashiers and provided FO cashier with foreign exchange rates when required.
- Ensured that all checks were punched in the POS for any sales transaction occurred at the outlet.
- Prepared cashier’s summary report after closing the shift.
- Tallied Micros reading with physical checks.
- Tallied Z report from credit card machines with Micros reading.
- Prepared deposit envelope and recorded the deposit amount in cashier’s deposit sheet in daily basis.
- Ensured that all checks were punched in the POS for any sales transaction occurred at the outlet.
- Prepared cashier’s summary report after closing the shift.
- Tallied Micros reading with physical checks.
- Tallied Z report from credit card machines with Micros reading.
- Prepared deposit envelope and recorded the deposit amount in cashier’s deposit sheet in daily basis.
Demonstrated high ability to learn new concepts and technologies either by Training or Self-study. Working under Pressure.