Shibu. R

Finance Head

Swiss-bel Suites Admiral

Juffair, Bahrain

Current Contact Number in Bahrain +973-********

adzzzx@r.postjobfree.com

Applying for the post of Financial Controller

Professional Summary:

Detail oriented hotelier with 20 years of hospitality Accounting, Financial Controllership, Budgeting, Forecasting and Financial Analysis experience with combination of business experience and technical skills. Excellent in defining and implementing standard operating procedures. Adapt seamlessly to consistently involving accounting process and technologies. Recognized as an effective leader with excellent interpersonal and communication skills.

Key Skills:

● Financial Planning & Cash Flow Forecasting

● Financial Analysis

● Financial Reporting

● Financial Presentations

● Budgeting & Forecasting

● Government Fees/VAT Filing, Reconciliations and Audit

● Co-Ordination with External Audit

● Asset tracking

● Cost Analysis and Savings

● Expenses Control

● Accounting systems assessment

● Balance Sheet Reconciliations

● Negotiation

● Flexible Team Player

Academic Credentials:

Bachelor of Commerce (B.Com) Accounting Main from the University of Kerala, India

Other Skills:

Proficient with Infor Sun System ( Accounting Package)

Proficient with Focus ( Accounting Package)

Opera Version 5 ( Front Office Package)

Material Control Program Manager 8.6,Web Prolific ( Purchase & Store Package),

FBM (Purchase and Store Package)

Pay Trax – Web ( Salary Payroll Management System)

Knowledge of Micros/ Touche F&B POS Software

Knowledge of Sky Tel – Trans ( Telephone System)

Fully competent with MS- Office (MS-Excel, MS-Word, MS-Power Point),

Proficient with TAS Books 2, S.I.S. (Accounting Package)

Knowledge of Fidelio F&B, Fidelio Front Office.

Protel – Front office System

Jana – Material Control

Bayan- Payroll Management System

XN- F&B Pos. Software

Employment History:

Current Employment

March, 2022 Onwards: “Finance Head “with Swiss-belsuites Admiral Juffair, Bahrain ( 4* Hotel Managed by Swiss-bel

International )

Reporting to: - General Manager and Cluster Director of Finance Major Responsibilities:

Managing the Finance Department of the Hotel and ensuring work related to all the sections like Accounts payable, Receivable, Income Audit, Night Audit, General Cashiering, Payroll, Cost Controller, purchasing etc. are carried out according to the Hotel Policy.

Preparing financial analysis presentations for the management, corporate office and owning company with analytical comments and attending the meetings.

Maintain a high level of employee engagement with all operational areas of the hotel

Ensuring Govt. Levy & VAT is paid and filed on timely and accurate manner.

Supervise the entire Audit like the Government's periodic audit /Internal & External audit and ensure compliance with company/government established policies and procedures.

Monitoring inflow/outflow of funds while taking adequate measures to ensure utilization of funds towards accomplishment of objectives.

Preparing monthly and yearly Financial Report, with the budget comparison and reporting to Cluster Director of Finance & General Manager with the analytical comment.

Prepare Budget and Forecasts together with other executives covering all activities of the hotel including operating and Capital Expenditure budgets.

Keeping and safeguarding the hotel’s contracts and agreements

Feb, 2015 to 10th April 2020: “Asst. Director of Finance “with Al Raha Beach Hotel, Abudhabi, UAE (5*Hotel - Managed

by NCT & H)

Reporting to: - Director of Finance, General Manager. Major Responsibilities:

Manage the creation and facilitation of the monthly Financial Statement.

Manage Department with approximately 15 FTE’s (Accounts payable, Receivable, Income Audit, Night Audit, General Cashiering, Payroll, Cost Controller, purchasing etc.) including hiring, development and performance management.

Assist in the monthly analysis and preparation of the forecast with operational executive team for monthly reporting.

Oversee balance sheet accounts; ensuring reconciliations are correct with no material effect.

Assist with analysis and preparation of Capital and operational budgets.

Lead operational contract for all internal and external auditors.

Maintain a high level of employee engagement with all operational areas of the hotel

Ensure hotel compliance with Generally Accepted Accounting Principles ( GAAP)

Coordinates and maintains control of Finance, Payroll, utility billing, Accounts Payable, Receivable, Income Audit, Fixed Assets and special assessment activities to assure accuracy and timelines of resulting output.

Monitoring and maintaining controls on spending to ensure budgetary limits met.

Recommends and assists the Director of finance in development and implementation of financial and internal control procedures.

Following all necessary controls to safeguard the assets of the hotel.

Ensuring accurate financial reporting on a monthly basis and highlighting the performance of the business with key findings and observations.

Ensuring state Municipality fee, Tourism fee and VAT. is paid and filed on timely and accurate manner.

Supervise the entire Audit like the Government's periodic audit /Internal & External audit and ensure compliance with company/government established policies and procedures.

Preparing financial analysis presentations for the management, corporate office and owning company with analytical comments and attending the meetings.

Ensuring there are at all times, Proper procedures and control for purchasing, receiving,

(coordinating with purchasing to negotiate best price from the Venders) stores and requisitioning.

Ensuring the physical inventories of all supplies are being taken on a monthly basis and of all operating equipment on a quarterly basis.

Daily basis verifying all the payments including supplier, General cashier bank deposit, bank reconciliations, credit card payment reconciliations, AR payments postings etc. and ensuring all the transactions are accurate and properly coded and authorized as per the hotel policy.

Continuously monitoring and ensuring that all receivables are collected within the hotel’s credit periods.

Ensuring all the employee’s payments are properly calculated, authorized and paid on a timely manner.

Monitoring inflow/outflow of funds while taking adequate measures to ensure utilization of funds towards accomplishment of objectives.

June, 2013 to Feb, 2015: “Financial Controller “with Bin Majid Hotels

& Resorts ( for Two Hotels – Bin Majid Beach

Hotel and Mangrove Hotel), Ras Al Khaima,

United Arab Emirates)

Reporting to: - Group General Manager, Managing Director Major Responsibilities:

Oversee the smooth and efficient running of the Finance Department for both Properties.

Developed annual budgets in collaboration with both Properties Executive team.

Led monthly meeting with Managers to analyze spending and provide financial recommendations.

Worked with Managers to develop monthly/annual expenses plan goals.

Compiled financial reports pertaining to cash receipts, expenditures and Profit & Loss.

Maintained integrity of General Ledger, including the chart of accounts.

Prepared monthly and yearly Financial Report, with the budget comparison and reporting to Managing Director, Chief Operating Officer & Group General Manager with the analytical comment.

Implemented all necessary controls to safeguard the assets of the hotel.

Provided financial information to the Management as tools for maximizing Profits and planning for the future.

Conducted monthly P&L Meeting with HOD’s with the presents of Group General Manager and discussed related to Revenue & Expenditures, comparing with budgets & previous year’s figures and finding necessary solutions for maximizing profit in future.

Prepare Budget and Forecasts, together with other executives covering all activities of the hotel including operating and Capital Expenditure budgets.

Ensure proper controls for all F&B Cashiers and the disbursement made by the General Cashier are properly authorized and adequately supported by documentation.

Ensure at all the times, Proper procedures and control for purchasing, receiving, stores and requisitioning.

Ensure that all the physical inventories of all supplies are being taken on a monthly basis and of all operating equipment on a quarterly basis.

Verify and approve expenditures and Payments in accordance with established procedures.

Ensure that Bank Account statements are checked on daily basis and reconciled.

Ensure that all revenue due to the Hotel is properly accounted and reconciled.

Ensure all receivables are collected within the hotel’s credit periods.

Ensure that payments are made for all goods and services on a timely basis supported by proper documentation, properly coded and properly authorized.

Ensure that employee’s payments are properly calculated authorized and paid on a timely basis to employees.

Ensure that proper records are kept for all inventory items.

Keeping and safeguarding the hotel’s contracts and agreements.

Liaise with Internal and External auditors in compliance with the Company’s requirements

Feb, 2009 to June 2013: “Financial Controller “with City Seasons Group of Hotels (City Season Suites /Hotel), Dubai,

United Arab Emirates)

Reporting to: - General Manager & Group Director of Finance Major Responsibilities:

Oversee the smooth and efficient running of the Finance Department.

Maintain proper and complete accounting records of the Hotel. To ensure that the accounts, records and transactions of the hotel are accurate and correct at all times.

Preparing monthly and yearly Financial Report, with the budget comparison and reporting to Group Finance Director & General Manager with the analytical comment.

Ensure that all the payments related to Governments are made accurately and on a timely basis and all the documents are appropriately kept for government audit purposes.

Implemented all necessary controls to safeguard the assets of the hotel.

Provided financial information to the Management as tools for maximizing Profits and planning for the future.

Prepare Budget and Forecasts together with other executives covering all activities of the hotel including operating and Capital Expenditure budgets.

Ensure proper controls for all F&B Cashiers and the disbursement made by the General Cashier are properly authorized and adequately supported by documentation. To ensure that the float of the General Cashier is verified daily.

Ensure that there are at all times, Proper procedures and control for purchasing, receiving, stores and requisitioning.

Ensuring that the physical inventories of all supplies are being taken on a monthly basis and of all operating equipment on a quarterly basis.

Verify and approve expenditures and Payments in accordance with established procedures.

Ensure that Bank Account statements are checked on daily basis and reconciled

Ensure that all revenue due to the Hotel is properly accounted and reconciled.

Ensure that all receivables are collected within the hotel’s credit periods.

Ensure that payments are made for all goods and services on a timely basis supported by proper documentation, properly coded and properly authorized.

Ensure that employee’s payments are properly calculated, authorized and paid on a timely basis to employees.

Ensure that proper records are kept for all inventory items.

Ensure that all revenue and expenditure are properly recorded in the general ledger.

Keeping and safeguarding the hotel’s contracts and agreements.

Liaise with Internal and External auditors in compliance with the company’s requirements.

Previous Employment History

Oct, 2007 to Jan, 2009: Chief Accountant with Intercontinental Hotel Group (IHG) - Holiday Inn Express - Safa Park-185 Rooms and Jumeirah- 250 Rooms, Dubai, United Arab Emirates)

Reporting to: - General Manager & Regional Finance Director Worked in Pre-opening for “2” properties – Holiday Inn – Safa Park and Holiday Inn Jumeriah. (Three months worked in Holiday Inn – Safa Park and transferred to Holiday Inn – Jumeriah, since pre opening and continued until January 2009). Major Responsibilities:

Maintaining all books of Accounts up to Finalization - Preparing Trial balance, Monthly Income Statement, Monthly Profit & loss Account, Balance Sheet and Reconciliation, Cash flow etc.

Prepare Budget, review Financial and Management Reports on variances from budget and provide analytical comments to the management.

Maintaining Fixed Assets, Inventories, Accrued, Prepaid Expenses and Service End Benefits.

Payroll, Inter Hotel accounts reconciliation and scrutinizing General Ledger.

Reviewing the Daily Sales/Income Report/Collection/ Discrepancies from Night and Income auditor.

Daily Banking, Credit Card collection, Cash Salaries and Petty cash expense disbursement, Daily General Cashier Reports verification and Daily Bank Reconciliation.

Verifying the Credit Facilities, Credit limits, & Follow up for the payments and AR account reconciliations,

Supervision of Accounts Payable for Processing invoices, Reconciling Statements, Monthly Ageing Report and processing payments as per the credit period.

Liaising with External and Internal Auditors.

Dealt with Dubai Municipality-Revenue Section for paying Municipality Fee and Audit.

Suggest measures for exercising effective cost control and reducing overhead.

Stores & inventory, controlling the overall functioning of Main stores.

Responsible for monthly Payroll and distribution of Salaries.

1st March 2000 to Aug 2007: Chief Accountant with Plaza Group of Hotels (Emirates Plaza Hotel, (100Rooms+17

Night clubs) Abu Dhabi, United Arab Emirates)

Major Responsibilities:

Maintaining all books of Accounts up to Finalization - Preparing Trial balance, Monthly Income Statement, Monthly Profit & loss Account, Balance Sheet, Cash flow etc.

Prepare Budget and review Financial and Management Reports on variances from budget and provide analytical comments to the management.

Fixed Assets, Inventories, Accrued/ Prepaid Expenses and Service End Benefits.

Payroll, Inter Hotel accounts reconciliation and scrutinizing General Ledger.

Daily Sales/Income Report/Collection/ Discrepancies from Night and Income auditor.

Preparing Band Accounts for various Outlets.

General Cashier for Banking, Credit Card collection, Cash Salaries and Petty cash expense disbursement, Daily General Cashier Reports verification and Daily & monthly Bank Reconciliation.

Liaising with the Banks for finance related matters such as Car Loans, Overdraft etc.

Accounts Receivables for Verifying Credit Facilities, Credit limits, & Follow up for Statements Reconciliation, Weekly Ageing Report and Collection.

Supervision of Accounts Payable for Processing invoices, Reconciling Statements, Monthly Ageing Report and processing payments as per the credit period.

Liaising with External and Internal Auditors.

Dealing with Abu Dhabi Tourism Authority for paying Tourism fee and Audit.

Suggest measures for exercising effective cost control and reducing overhead.

Stores & inventory, controlling the overall functioning of Main stores.

Sept.1997 to Feb. 2000: Accountant with Howard Johnson Diplomat Hotel (120 Rooms+21Nightclubs), Abu Dhabi,

United Arab Emirates.

Major Responsibilities:

Overall responsibility of Accounts Receivables, Accounts Payables, Bank Cash & Petty cash, preparing monthly closing Reports, Profit and Loss account and forwarding the same to the Financial Controller for his verification and approval.

Preparation of monthly Debtors and creditors analysis.

Scrutiny of Creditors, Debtors and General Ledger on a regular basis.

Aug.1996 to Aug. 1997: Accounts Assistant / Night Auditor/Income Auditor with Majestic International Hotel &

Resorts. Abu Dhabi, United Arab Emirates.

Major Responsibilities:

Responsible for checking the night audit report. Ensuring the F&B sales by checking cashier sale summary sheet, cross checking of Banquets functions on daily basis.

Coordinating with the operational departments for any void check or cancellation.

Verification of proper authorization and signature on any allowance, discount given or paid out by Front office to the guest.

Responsible for preparing daily Revenue reports, posting of sale entry and verifying every day guest balance.

Preparation of Accounts Receivables, Payables, Bank Cash and Petty Cash.

Responsible for bifurcating all check out folios and tally it with the night audit report.

Verifying the Room rates, number of nights, extra charges if any, with the LPO.

Responsible for posting all folios in Debtors Ledger and follow up on Receivables.

Tallying the Guest Ledger Transaction.

Verifying Housekeeping occupancy report with Front office

Tallying of revenue reconciliation statement with Guest Ledger Transaction before night audit.

Verifying the Suppliers invoices as per the LPO and posting them in Creditors ledger and settling as per their due dates.

Personal Data:

Date of Birth 30/05/1972

Nationality Indian

Marital Status Married

Children Two (2)

Languages Known English, Hindi, Malayalam & Tamil

Shibu. R

Bahrain

+973-********

Contact this candidate