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Financial Controller Real Estate

Location:
Chennai, Tamil Nadu, India
Posted:
September 15, 2023

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ABDUL HAMEED

Phone+918********* Email:adzp9r@r.postjobfree.com

PROFESSIONAL SUMMARY

A Master of Business Administration degree holder in Finance with Over 23 years’ experience in Hospitality Finance. Well programmed in Hospitality Investment Planning, Cluster Accountings, Financial Planning, Budgeting, Taxation, International Accounting Standards, Internal Audit Control, Costing, and Purchase, Asset management (UK Hotels), Quality control and Safety programs, Executing Brand Standards & SOPs, Training, Business plans and Projects. PROFESSIONAL SKILLS

Financial Planning and Analysis Guest Service, Quality & Safety

Asset Management. Software Analysis, Integration & COA

Recruitment,Training & Development Revenue, Market Share & Profit

Quality & Cost Management Risk Identification & Regulatory Compliance

Audit & Control Pre-Opening Setups.

PROFESSIONAL EXPERIENCE

Financial Controller

Anjum Hotel Makkah (Five Star Hotel / 1,743 Rooms in Operations) April 2022 to May 2023

Responsibilities:

Manage and prepare monthly, quarterly, and annual financial reporting for real estate investment properties.

Preparation of consolidated annual budgets, cash management and shared service account reconciliations in the group of entities.

Review and reconcile investments, partnership deals and intercompany transactions on a monthly/quarterly basis.

Drive overall risk management and insurance functions to improve the controls and processes.

Establish and create reliable process and procedure, ensuring the finance function to support the audit control and the company growth.

Oversight of financial reporting, accounts receivable, accounts payable, compliance and payroll cost with hotel and other assets management teams during strategy & performance meetings, working with management team actively participating in the formulation and execution of revenue and operating strategies.

2

Review and analysis the market share, sales, travel trends, business indicators, procurement dynamics, performance statistics and cost management of the business.

Monitor and track capital expenditures in the properties (FF&E replacement and major renovations/ new revenue center proposals).

Monitor and update the construction estimates, specifications changes, contracts, scope of work, payment schedules, field requisitions, purchase orders and vendor job works.

Review and process the marketing plans, annual operating budgets and capital expenditure budget to the board members.

Review and Monitor on tax related reporting and organize the external / internal audit in the property levels and meet the audit requirements and update the report to the board members.

Update real estate investment business returns and the forecast results to the board members on monthly basis.

Prepare the Investment return proposals and source of fund for the upcoming new property.

Embracing technology to support drive maximum productivity and safeguard control the procedures

Review and process Annual maintenances contract for the hotel, Mall and the construction division.

Cluster Director of Finance,

King Abdulla Economic City Hotels (KAEC), Saudi Arabia, Aug 2019 to Aug 2021

Bay La Sun Hotel and Marina – Five Star Hotel

Views Hotel & Residence – Five Star Hotel

Entertainment Zones & Juman Park

Responsibilities:

Responsible for financial / investment operations for hotels, parks and entertainment zones in Bay la Sun District.

Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives

Ensure credibility of Cluster Units by providing timely and accurate analysis of budgets, financial trends and forecasts.

Direct and oversee all aspects of the Finance & Accounting functions of the cluster units.

Provide recommendations to strategically enhance financial performance and business opportunities.

Ensure that effective internal controls are in place and ensure compliance with IFRS and applicable federal, state and local regulatory laws and rules for financial and tax reporting.

Establishes finance operational strategies by evaluating trends; market segments, quality, customer-service strategies & employee productivity.

Implement SOPs and make sure that compliance with local authorities and handle Internal & external audit regulations

Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans.

Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.

Review cash disbursements to ensure propriety, reasonableness, and compliance with established procedures, and releases disbursements or investigates and resolves discrepancies.

Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, internal controls and the proper execution of all operational taxes.

Identifying emerging risk and opportunities, providing robust providing appropriate financial advice on the commercial activates and making suitable recommendations.

Review rates and recommends rate strategy to the General Manager; participates in sales strategy meetings.

3

Maximizes profitability of hotels through best practices and ensures strong controls and accounting standards are in place as per company Policy & Procedures to safeguard return to the owners.

Executive Assistant Manager, June 2017 to July 2019 Gulf Hotels Group / The K Hotel, Bahrain

Mokan Hotels, UK

Responsibilities:

Responsible for overall hotel performance including profit, guest service, quality and safety.

Directing and supervising Rooms division, F&B, Reservation, Security & Engineering department on daily basis.

Assist in establishing and creating hotel goals and strategies for both operational and financial success of the hotel.

Implementing and monitoring all department policies, service procedures and brand standards outlined by Gulf Hotels Group.

Managing the cost and ensure efficient hotel operation in order to maximize guest satisfaction index and employee satisfaction

Ensure that monthly financial outlooks for Rooms, F&B & other revenues are on time, on target and accurate.

Planning, coordinating and monitoring monthly F&B promotions and culture activates are in place. Overseeing operational financials & project development of Mokan UK hotels (Mokan is the Owning Company of The K Hotel)

Responsible for Mokan cluster accounting process in Bahrain and update financial reports to the Board members and Executive committee meeting on quarterly basis.

Monitor cash flow projections and term loan payment in UK & Bahrain.

Location selections with market opportunity, development opportunity, Identification of fund sources and selection of Professional Advisors. Identifications of the property and their corporate structures.

Financial Feasibility Study with property value and normal payback period.

Identify property opening date along with business climate for better cash flows.

P&L review and queries, balance sheet reconciliation & budget recommendations and revenue segmentations reviews & analysis.

Financial Controller - Sept 2011 to May 2017

Gulf Hotels Group / The K Hotel, Bahrain,

Pre-Opening finance setup done for The K Hotel in 2011 & Asdal Gulf Inn Hotel in 2015) and Property setup done for New Place Hotel Southampton UK in April 2017) Responsibilities:

Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.

Monitor hotel revenues and expenses and ensure the accurate recording in accordance with uniform accounting system guidelines.

Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.

Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations.

Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, rooms keys card, payroll, and employee records. 4

Maintain compliance with GHG Hotels Brand standards and regulations to ensure safe and efficient operation of the hotel.

Directs or prepares all financial reports in accordance with GHG Hotels requirements such as financial, statistical, quarterly & annual reports.

Monitor & submit tax returns, reconciling balance sheet entries on monthly basis and submit to the management.

Monitor finance staff performance and provide training wherever required for developments.

Liaising with statutory authorities including government institutions, banks and auditors.

Providing detailed justifications for the owner’s and audit queries.

Maintain and evaluate Capital expenditure budget, equipment and supplies; including vendor identification and contract negotiation, supply requisition and purchasing, and inventory control .

Organize and manage the monthly and quarterly financial reporting and audit process for the company.

Ensure availability of funds, all necessary reserves, such as expat salary / benefits, furniture and equipment, ministry payments and other payments are adequately maintained.

Ensure the safekeeping and updating of all leases and contracts and all other legal records and Documents which may affect financial status of the hotel. Director of Finance,

Marriott International (Renaissance Kota Bharu Hotel), Malaysia, From Feb’11 –Aug’11 Financial Controller

Safir International Hotel, Kuwait, Apr’09 –Jan ’11 Financial Controller

Courtyard by Marriott, Chennai, India, Mar’06-Apr’09 Financial Controller

Qatar National Hotels Company, Qatar, Jun’03 –Jan’06 Finance Manager

Best Western Pleasant Days, Chennai, India, From Jly’01 – May’03 Accounts Executive

Hotel Le Royal Meridian, Chennai, India Oct `98 - Jun'01 EDUCATION & PROFESSIONAL DEVELOPMENT

MBA, Finance – Madurai Kamaraj University, India, 1998 PGDCA, Computer Science–Madurai Kamaraj University, India, 1996 BSc,-Madurai Kamaraj University, India, 1995

DHOM –Hotel Operations & Managements in Cambridge International College, Britain, 2005. Software Skills: MS Office package, Opera, Micros, SUN System, Vision, Net View Point, Material Control, Oasys, SAP (FICO), Scala and Other Internet browser. PERSONAL INFORMATIONS

Date of Birth 08th March 1975

Nationality Indian

Status Married



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