KAREEM KAMAL AL-JAUSSYI
ASSISTATNT / FINANCIAL CONTROLLER
EDUCATION
JARRASH PRIVATE UNIVERSITY-JORDAN
BACHELOR’S DEGREE 1994 - 1998
Business
Administration and Economics
WORK EXPERIENCE
RADISSON HOTEL GROUP (RHG) ASSISTANT FINANCIAL CONTROLLER
May 2015–Feb 2019
Job Purpose
Ensure that all financial aspects of the operations are controlled by maintaining focus over all receipts and disbursements. Prepares financial reports on a regular basis or as requested. Works co-operatively with the Executive Committee to maintain a high-level operational understanding and financial control.
Areas of Responsibility
Financial Analyst
Created budgets with strict guidelines and timetables, ensuring labor and materials costs were minimized by 10%.
• Developed detailed forecast models against budgets based on key indicators, increasing accuracy of short- and long-term earnings estimates.
• Produced financial reports evaluating completed projects, identifying current trends and evaluating variances.
• Compiled data to generate financial statements including cash flow, P&L, and balance sheet for review by management.
• Proficient in data mining methods, extracting relevant information for reports and presentations.
• Prepared ad hoc analysis and performance reports to assist management and sales team in evaluating special projects in a timely manner.
• Spearheaded plan to synchronize business processes and increase communications throughout various levels of the organization using IScala , Excel Connect, and SAP software.
• Prepared tracking sheet for F&B revenue generating per outlet analyst number of covers, avg Check, food ratios, beverage ratios, food revenue, beverage revenue and total revenue, all by service period, this data will help to create accurate forecasting and yearly budget,
• Analyst P&L vas forecast and budget by month to date, year to date and last year actual.
• Supervised and collaborated with staffs to build accurate accounting data for decision-making.
• Analyzed financial activities using Excel modeling (Vlookup, sumif, Pivot Tables, Formulas, etc) including the monthly close process, balance sheet account valuations and reconciliations, expense budgeting and forecasting, long range planning, and expense allocations to product lines.
Assist Financial Controller
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Manage and train 13 employees and set action plans for their future development.
• Handling LRIP and management fees.
• Prepare Forecasting P&L for upcoming period three month
• Prepare P&L for the month and Advice all departments with result.
• Report the P&L to the management company through the SAP system.
• Advise the owning company with the daily & monthly results.
• Communicate with the owing company for the NOP fund transfer.
• Maintain the owner accounts and expenses.
• Coordinate with the external audit company (PWC) & submit the annual financial statement to the owning co., hotel management, Dubai Municipality & Dubai Tourism.
• Work along the hotel management internal audit and prepare annual results.
• Check and update chart expense
• Maintain Balance Sheet (Liability and Prepaid Accounts)
• Pass all JV requirement for Expenses and Salary Register.
• Audit Payroll sheet and approve before releasing Wages.
• Following Company Stander and Procedure (SOP) for Closing Month end and Year
• Prepare Closing sheet
• Prepare and Calculate Management Fees
• Prepare Action Plan for the new Project.
• Pass all JV for revenue and tally Gust Ledger, Deposit Ledger and AR ledger
• Pass General Cashier JV
• Maintain all hotel contracts with third party. (Supplies, Services and maintenance)
• Maintain Hotel License expiry and hotel calcification
• Maintain bank account and reconciliation.
• Maintain Hotel Insurance coverage
• Supervise and assist Finance team in department.
• Setup , prepare and Maintain VAT records , quarterly payments to FTA
RADISSON HOTEL GROUP (RHG) ACCOUNTS PAYABLE
Jan 2014–April 2015
• Interface the invoices from FBM system on daily basis
• Check all interface invoices and updated if require some changes
• Post and update all invoices in back office finance system (IScala).
• Tally the PL and GL on daily basis.
• Reconcile supplier’s accounts.
• Process all payments by online bank transfer after managements approval
• Post payments on system and allocate the invoices according to bank statement payment deduction.
• Update bank statement.
• Post all manual invoice allocated with right chart account
• Make sure expense invoice been allocated to right department code
• Filing
• Prepare GM expense report
• Maintain suppliers ageing Post credit note
RADISSON HOTEL GROUP (RHG) INCOME AUDITOR
Dec 2012–Dec 2013
• Auditing All Source of revenue.
• Make sure all revenue rebate and adjustment been reviewed and approved as per Hotel Policy and Procedure.
• Verifying outlet revenue wither if its balance or not between Opera and Micros System and taking necessary action. To avoid future action.
• Implement new idea helping audit purpose and controlling.
• Analyzing PM room and reconciling all group billing.
• Tracking Banquet and Catering revenue.
• Maintain all revenue report and analysis report for outlet Year to Date
RADISSON HOTEL GROUP (RADISSON ROYAL)
SENIOR ACCOUNTANT
2011 – 2012
HOLIDAY INN ALBARSHA (IHG)
INCOME AUDITOR
2008-2011
LE ROYAL MERIDIAN HOTEL (STARWOOD GROUP)
INCOME AUDITOR
2007-2008
LE ROYAL MERIDIAN HOTEL (STARWOOD GROUP)
ACCOUNTS RECEIVABLE
2005-2007
ACHIEVEMENTS
RADISSON MEDIA CITY:
• Reduced Maintenance contract expenses 15% to last year by reviewing all contract
• Reduced payroll cost by reviewing all contract labor and converted to contract service to control the cost by requirement.
• Reduced F&B cost by 3% Vs last year.
• Set up and Implement Dubai municipality fees in 2012
• Organize and set up the Dirham Tourism in 2014 in Opera and back office systems to meet Dubai Tourism requirements.
• Implement the new VAT system and maintain the hotel system as per the FTA law and the hotel requirements.
• Create all the chart account (Output VAT, Input VAT, and payable VAT) in balance sheet and map it to the back office.
• Create and prepare SOP for the department existing and new tasks.
• Reduce the tasks on of payment process to suppliers by creating an interfaced sheet connected to the online bank system.
RADISSON ROYAL HOTEL DUBAI:
• Set the daily tasks for the Income Audit to meet the standards of RHG.
• Reset all the transaction codes of Opera System and Micros.
• Set up all related reports to Daily Revenue.
• Resolve the variance issues with interface between Opera and Sun Systems.
• Reconcile all the debit in AR accounts (Credit Facility)
• Train the night auditor.
HOLIDAY INN AL BARSHA:
• Part of the opening team.
• Set up the Opera System with all the transaction codes.
• Set up the Micros system.
• Coordinate with the KIT (System provider) for the interface between systems.
• Coordinate with Reservation Department to implement the system rate codes
• Train the front desk staff with the news procedures and follow up with their performance related to billing.
• Creating the SOP to secure the revenue generating standards.
• Creating all reports sheets required for the daily revenue.
• Building effective archiving system in Finance to reduce time and efforts.
System Skills
• I Scala Software (Back office finance reporting system)
• SAP software (Management system reporting and Budget, Forecast Report) for P&L)
• Opera
• Micros
• SCM ( F&B material)
• Microsoft Office.