
Wael Raafat Saudi
Director of finance looking for new challenge
Khamis Mushait, Saudi ArabiaWork Experience
Director of financeFull Time
Nivel Hotel
Aug 2021 - Present -4 yrs
Saudi Arabia , Khamis Mushait
- Job Details:Responsible for the property’s accounting and financial activities. · Responsible to represent the accounting department during daily morning meetings. · Responsible for hotel’s compliance with the local tax authority. · Responsible to support and liaise with the General Manager in meeting the strategic goals of the organization. . Responsible for preparing pre-opening budget & following up with the owner to collect budget amount. · Responsible for preparing and reviewing annual budgets, monthly forecasts, profit and loss statements and operating results. · Supervise staff accountants who handle Accounts Receivable, Accounts Payable and Payroll duties in the accounting department. · Responsible for verifying all financial reports and ensuring that all transactions are accurate and in compliance with local government regulations. · Responsible to liaise with the corporate office of the organization. · Able to prepare and submit management reports in a timely manner and also ensuring delivery deadlines. · Able to effectively implement all accounting policies and procedures. · Able to ensure a strong accounting and operational control environment to safeguard hotel assets. · Able to assist proactively with cost control requirements. · Able to assist with profit improvement opportunities for the hotel operations. · Able to develop specific goals and plans to prioritize, organize and accomplish the work. · Assist in the building of an efficient and professional team of employees within Finance and Accounting Department. · Monitor compliance with all Sales and Occupancy tax rules, and ensuring that taxes are charged and collected correctly. · File the local tax with the concerned authority on a monthly/regular basis. · Monitor and improve hotel’s operation costs, profitability and manage business risks. · Ensure revenues and expenses are recorded accurately. · Ensure property policies are administered fairly and consistently. · Oversee internal, external and regulatory audit processes. · Conduct regular weekly finance department meetings. · Any other tasks as and when required by the management.
Director of financeFull Time
Wyndham Garden Hotel
Nov 2019 - Dec 2021 -2 yrs, 1 month
Saudi Arabia
- Job Details:• Responsible for the properties overall accounting and financial management requirements. • Responsible to represent the finance department during daily morning HOD meetings. • Responsible for the local tax authority compliance of the hotel. • Responsible to support and liaise with the General Manager in meeting the strategic goals of the organization. • Responsible for preparing and reviewing annual budgets, monthly forecasts, operating results. • Responsible for verifying all financial reports and ensuring that all transactions are accurate and in compliance with local government regulations. • Prepare and submits management reports in a timely manner and also ensuring delivery deadlines. • Effectively implement all accounting policies and procedures. • Ensure a strong accounting and operational control environment to safeguard hotel assets. • Assist with the HOD’s in revenue enhancement possibilities. • Building of an efficient and professional team of employees within Finance and Accounting Department. • Monitors all local tax compliance that applies and ensuring that taxes are charged correctly and collected. • File the local tax with the concerned authority on a monthly/regular basis. • Monitor and improve hotels operation costs, profitability and manage business risks. • Ensures profits and losses are documented accurately. • Ensures property policies are administered fairly and consistently. • Achieves and exceeds goals including performance goals, budget goals, team goals, etc. • Oversees internal, external and regulatory audit processes. • Conduct regular monthly finance department meetings. • Establishes and maintains open, collaborative relationships with employees. • Participates in the employee performance appraisal process, providing feedback as needed. • Responsible to ensure disciplinary procedures and documentation are completed according to hotels standard. • Any other tasks as and when required by the management. Prerequisites: • Knowledge of Back office or accounting systems like Sun, payroll systems • Knowledge of Hotel Software or Property Management Systems like, OPERA, MC & FBM system • Excellent communication and negotiation skills. • Fluent in English, both oral and written. • Excellent financial/business decision making. • Analytical skills and very well organized.
Assistant Director of FinanceFull Time
Grand Rotana resort and Spa
Mar 2015 - Sep 2017 -2 yrs, 6 months
Egypt , South Sinai
- Job Details:Performed monthly closing process, including balancing of books, account reviews, intercompany transactions, drafting financial statements and produced global consolidation of financial statements. *Month-end, year-end close, analysis and reconcilement of balance sheet accounts. Analysis of cost centers compared to budget. *Coordinated internal and external financial auditing. *Helped and took over extra duties/responsibilities during terminations and whenever help is needed in various departments: AP, AR, GL, Payroll, Collections, etc. *Monitored cash flows for various projects and made improvements. *Managed accounting staff, including Payroll, Accounts Payable, Accounts Receivable, Cost, and General Accounting activities. *Oversaw financial reporting, financial systems maintenance, internal controls, regulatory compliance and tax reporting. *Collaborated with others to ensure sufficient execution of accounting transactions. *Maintained receivables through invoicing, collections, and reconciliations. *Monitoring of deposits and expenditures, and reconciliations. *Achieved year-end audited financial statements with no material weaknesses or deficiencies year over year from the external audit firm. *Involved in the budgeting process from development to monitoring and analysis. *Implemented procedures to streamline work flow between departments, and worked closely with Department Managers to ensure accuracy and timeliness. *Controlled gross margin by using unit profitability reporting to drive accountability to lowest level of management. *Improved labor productivity by implementing standard labor hours and tracking efficiency.. *Provided analytical support and decision-making tools to hotel leadership team and department heads to help achieve desired business results. *Maintained strong internal control environment to safe guard assets, improve profitability, and manage business risks. *Identified critical holes and lapses in accounting department and participated in planning to restructure accounting department and implement new process flows *Prepared reports and forecast for business activities and financial position * Monthly cash flow preparation.
Education
Bsc in Accounting and auditing
Cairo University (CU)Jan 1993 - Jan 1997 - 4 yr
High School - Thanaweya Amma
Al - Naqrashi Secondary Military SchoolJan 1992
Skills
- Sunsystem porgram for finance back office
- Vision sunsystem module
- Financial Systems
- Microsoft Excel
- Finacial reports
- FBM system for food and beverage stores and purchasing
- Budget Preparation
- Monthly forecast
- Cash Flow
- opera PMS
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Languages
Arabic
FluentEnglish
Advanced
Training & Certifications
Interpersonal skills
Grand rotana resort and spa·2015