An ambitious finance professional with proven abilities in managing a wide gamut of activities with core strengths in Analysis, Internal Controls, Budgeting, Forecasting, Corporate Finance, Project Management, Pre-Opening of the Hotel/Restaurants, Payroll, Monthly/Yearly Financial Closing, Accounts Receivable, Accounts Payable, Income Audit, Cost Control and Financial Reporting. At present, associated with Wyndham Hotels Group working at Wyndham Dubai Marina Hotel as “Chief Accountant/Head of Finance”. Smart, enthusiastic, hardworking, self motivated, self driven, positive attitude, excellent in work execution, have strong work ethic, qualification, energy and passion to deliver the maximum. Like to be challenged and take pride in work. Most of all understand people and know how to work with them in a result-oriented team environment. Well versed in in MS Word, MS Excel and MS Power point, Sun System, Opera, FBM, FMC, Micros, Oasys and Civil soft Systems.
2020 - Present (4 Years)
Wyndham Dubai Deira, United Arab Emirates UAE
2019 - 2020 (1 Year)
Wyndham Hotels Group, United Arab Emirates UAE
Implemented Profit Assurance Plan to ensure that the team achieves the minimum profit targets by End of year despite the fact that the revenue is dropped two fold. Implementation of strict internal controls for smooth functioning of finance department Maintains accounting controls by preparing and recommending policies and procedure Maintains customer confidence and protects operations by keeping financial information confidential. To provide financial information to management as tools for maximizing profits and planning for the future. Reports which should stimulate management action Analysis equity and capital structuring to give management clear view of investments. Monitor asset, liability, and capital account entries by compiling and analyzing account information. Recommends financial actions by analyzing accounting options. Preparation and compilation of annual budgets brMuhamamd Abubakar brDubai, United Arab Emirates Email: muhammad.abubakar@hotmail.com Cell: 00971 50 4138819 br br br brAdvise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts. Review of Bank reconciliations Review of Assets and Liabilities Reconciliations Review of Payable and receivable accounts Analyze Store inventory on monthly basis and approve adjustment in trial basis. Linen, stewarding and housekeeping inventories on quarterly basis. Review of FTA, DTCM and Dubai Municipality Tax Payments Ensuring that all goods and services purchased comply with the company’s policies. Liaison with insurance company and supervisor all insurance matter. Keep and safeguard all hotel’s contracts and agreements. Monitor licenses and their renewal Prepare details, schedules and statements as are required by auditors prior to the conduct of audit Provide assistance to auditors in disbursement verification process2014 - 2019 (5 Years)
The H Hotel Dubai, United Arab Emirates UAE
The H is comprised of 6 award winning leased F&B outlets in the hotel and a 38 storey office tower adjacent building. As Head of Finance I handled all rental related matters that includes yearly contracts renewals, rental disputes and other legal issues. This gave me an in-depth knowledge of the local law for landlords and tenants. Lead legal meetings as hotel representative with appointed lawyers. Keep track of all legal proceedings and ensure that the lawyers and court are provided with necessary information and the owner’s interests are safeguarded. Successfully managed legal cases of over 28 million I took over the acting assistant director of Finance position. That included sue cases against the hotel by the tenants. Handle all insurance contracts and related matters. Insurance claims of over USD 85k recovered. In 2016 achieved savings of USD 275k by negotiating the contracts and prices of food & beverage items with the suppliers. Implemented Profit Assurance Plan to ensure that the team achieves the minimum profit targets by end of year despite the fact that the revenue is dropped two fold. Implementation of strict internal controls for smooth functioning of finance department Maintains accounting controls by preparing and recommending policies and procedure Maintains customer confidence and protects operations by keeping financial information confidential. To provide financial information to management as tools for maximizing profits and planning for the future. Reports which should stimulate management action Analysis equity and capital structuring to give management clear view of investments. Monitor asset, liability, and capital account entries by compiling and analyzing account information. Recommends financial actions by analyzing accounting options. Preparation and compilation of annual budgets Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts.2012 - 2014 (2 Years)
Crowne Plaza Hotel, Oman
Preparation of P&L statement and Balance Sheet. Monthly review of department wise P&L with HOD’s. Preparation of month end closing including month end JV’s. Preparation of Bank reconciliation. Review of petty cash claims, Supplier Payments and Income & Cost reports before passing to ADOF/DOF. Support to ADOF/DOF for forecast and budget preparation. Distribution of monthly financial statement to Management and Owners. Uploading the financial data to EFPM (Online reporting System). Managing and supervising the team of accounts payable, general cashier/paymaster, Income Audit, Cost control and Accounts Receivable. Preparation of intercompany invoices. Perform any special tasks assigned by the ADOF/DOF.2010 - 2012 (2 Years)
The H Hotel Dubai, United Arab Emirates UAE
Checks & review invoices, ensure all the documents, LPO’s are all signed. Verify prices, quantities against purchase order as required and bring any discrepancies to the attention of CA/ADOF. Process cheque request, bank transfer posting in the Sun System, allocate cost according to Hotel chart of accounts. Reconcile Accounts Payable aged analysis & ensure that the analysis is in balance with general ledger payable trade. Balance inventory accounts with F&B control and general stores. Payment of owner return, Utilities, management fee and intercompany payable are made promptly upon close of the books. Process of weekly staff petty cash claims, Vacation/EOS payments. Collection of FO/F&B cash and cheques and deposit to Hotel bank account on a daily basis. Provide sufficient change to operation department to run the operation. Random float checks in all house funds on a monthly basis.