Finance Manager at Zahid Group/Hospitality Ventures Company (2020-10 – Present)
Finance Manager responsible for comprehensive financial reporting, budgeting, forecasting, and financial analysis to support strategic decision-making.
- Prepare and present comprehensive financial reports to senior management. Communicate financial insights and trends to financial stakeholders. Conduct in-depth financial analysis to support strategic decision-making quarterly basis.
- Preparing annual budget for the company by collaborating with department heads to develop and monitor budgets. Prepare and present accurate and timely financial forecasts based on actual results.
- Analyze the budget versus actual performance, identify key variances and provide insights. Held a monthly meeting with the stakeholders and proposed corrective actions to address financial discrepancies.
- Liaise with external/Internal auditors to complete statutory audits.
- Maintain accurate and up-to-date financial records using professional tools. Extract and analyze financial data from various sources to support reporting requirements.
- Identify opportunities for process improvement and efficiency in financial operations.
- Implement changes to enhance the accuracy and timeliness of financial reporting.
- Monitored and reviewed the intercompany accounts
- Responsible for overseeing all aspects of accounting transactions in the organization
- Oversee month-end closing processes and prepare monthly financial statements to management.
- Oversee monthly cost consumption, address variances, and implement internal controls.
- Ensure compliance with VAT/ZATCA rules with the coordination of our consultant
Chief Accountant at Akhereji Group/Elegant Hotels (2016-03 – 2020-08)
Chief Accountant with proven F&B hospitality experience with strong expertise in cost control, large-scale catering, and financial governance.
- Examined contractual commitments and business practices to support the organisation's acceptable level of performance.
- Produce FS on a monthly, quarterly, and annual basis.
- Managed and reported fixed assets and other data in order to handle month-end and year-end finances.
- Collaboration with auditors.
- Completed year-end closure procedures with controllers and external auditors.
- Prepared balance sheet and P&L reconciliations for each month.
- Simplified billing methods to speed up payroll and invoicing.
- Accurately documented all cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Analyzed monthly reporting to reconcile production
- Updated journal entries and accounts on an accrual basis software.
- Analyzed monthly balance sheet accounts for corporate reporting.
- Reviewed and processed employee expense reports and vendor invoices for payment.
- Investigated budget variances to identify causes and suggest corrective action.
- Prepared monthly bank reconciliations and submitted compiled reports to shareholders.
- Demonstrated proven cost control and optimization, ensuring efficient financial performance across multiple restaurant and catering operations.
- Extensive experience in large-scale catering event costing and bidding, delivering accurate financial proposals and competitive pricing strategies.
- Strengthened internal control systems and risk management frameworks for restaurant operations, enhancing financial compliance and operational efficiency.
Accountant at Alahan Trading (2012-05 – 2016-03)
General AR and AP accountant.
- Work as a general AR and AP accountant.
Finance Executive at Millat Tractors Limited (2008-06 – 2012-04)
Finance Executive responsible for financial operations, compliance, and reporting.
- Maintained full compliance across accounting operations by constantly verifying adherence.
- Reviewed activity reports and financial statements to accurately determine progress against objectives.
- Drove continuous growth by continually monitoring industry trends and identifying business opportunities.
- Monitored and reviewed financial controls, processes and procedures to enable best practice development.
- Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
- Developed and administered annual budgets following periods of strong analysis and research.
- Developed through forecasting and cash-flow management processes to maximize progression and profitability.
- Maximized progression functionality to drive accurate and timely financial information for weekly and monthly processes.
