Director Finance 5* Hotels Operations + Construction Projects + Financial Reporting + Audit
A dynamic individual with extensive experience in financial reporting, hotel operations, auditing, and construction projects, as well as establish financial policies through vision and revenue-generating operational leadership
Profile Summary: Detail-oriented, accomplished and solutions-focused Director Finance with +18 years experience including 16 Years in Hotel Operations of 2 Marriott International + 4 Pearl-Continental Hotels and 3.5 Years in Corporate Office of Hashoo Group [www.hashoogroup.com] for Management Audit, Transformation and Refurbishment of 2 Marriott International Hotels and 7 Pearl Continental Hotels, Financial Reporting of 1 Public Ltd Company & 5 Private Ltd Companies, Construction & Development Projects of 3 New 5* Hotels and 1 Apartments building. Skilled in financial Reporting, financial statements analysis, auditing/forecasting, financial management, audit procedures, risk management, construction projects feasibilities, Internal Controls, project management and negotiations. Adept in identifying and fixing accounting mistakes, supervise accounting staff, and process information quickly. Overhaul the aging report process. Possess strong financial acumen with well-developed leadership qualities to propel an organization forward and sustain the leading position in the industry; experience at initiating training and mentoring activities throughout global platforms. Qualified Fellow Member of Cost & Management Accountants of Pakistan. Avid team player with potent ability to turn conflict into opportunity. Proficient financial auditor, skilled at conducting pre-audit analysis with a pragmatic approach towards analyzing and gauging risk levels.
Career Contributions
Increased Hotels GOP, Reduced per occupied room cost, food & beverage cost percentage and overheads without comprising on standards through effective internal controls, audit, cost containment meetings, Profit Protection Plan and staff trainings. Also worked with M/s. McKinsey & Company on Transformation for increase in group profitability.
Prepared & implemented various Policies, Officers/ENT Checks Policy got appreciated & implemented in all Group.
Implemented internal controls, SOPs and SLAs in the tender, negotiation, workorder/contracts approvals and payment process to expedite and saved at least 15% of the total project costs without compromising on standards.
Saved USD1.1M and USD1M in two contracts by retendering as per implemented SOPs, SLAs and negotiation.
Implemented Oracle Based ERP General Ledger, Inventory, Purchase, Payable, Receivables modules.
Implemented online purchase system (Tejari system) in the Purchase Department. Implemented Wave in all hotels.
Got performance based 6 Promotions in 1st 7 years, worked on 9 designations in 6 main Hotels and Corporate Office.
Due to the impact of COVID-19 on hospitality industry, all projects were on hold therefore lost my Job on June 30, 2020. During last few months, I have worked on different consultancy assignments which includes Feasibility and review of new Hotel Construction and Development Projects, Internal Controls and Financial Review of Restaurants and Food Outlets, Financial Consultancy as a Head of Finance & CFO for day to day operations, Taxation, Internal Controls review, review and implementation of SOPs, review and implementation of new ERP Munshi10 for Hotels, dealing with Government departments for Taxation issues, filing of Sales Tax returns.
Led development of financial administration, improve internal controls, productivity and profitability by adopting best practices. Financial reporting of 1 Public Limited Company and 5 Private Limited Companies. Transformation implementation
Key Accomplishments:
Financial Reporting of 1 Public Ltd [Pakistan Services Limited] and following 5 Private Ltd Group Companies:
1- M/s. City Properties Pvt Limited, 2- M/s. Elite Properties Pvt Limited 3- Pearl Continental Air Pvt Limited
4- M/s. Pearl Continental Hotels Pvt Limited 5- Pearl Communications Pvt Limited.
Part of Mckinsey & Company Transformation team, increased profitability in 2 Marriott & 7 Pearl-Continental Hotels.
Implemented internal controls, SOPs and SLAs in the tender, negotiation, comparatives, workorder/contracts approvals and payment process. Performed project cost analysis and conducted cost containment meetings/ trainings to reduce/control expenses. Reduced Projects cost by 15% and in 2 contracts cost reduced by USD2.1M.
Critical Path Analysis, project site visits, liaison with construction consultants and banks. Projects financial feasibility.
Oversee construction of 3 New 5 star Luxury Hotels, renovation in 9 existing Hotels and construction of high rise building of 400 luxury apartments; assessed trend analysis on the monthly, quarterly, and annual basis.
1) Pearl Continental Hotel, Mirpur (Rooms 163) 2) Pearl Continental Hotel, Multan (Rooms 172)
3) Zaver-Pearl Continental Hotel, Hayatabad (Rooms 101) 4) High-rise building with 400 Apartments
Projects financial fesibilites and analysis. Advance the annual audit process including liaising with external auditors.
Strategized highly potential finance team to drive disciplined growth and strengthen controls and managed internal audit, internal controls, and financial analysis. Increase revenue and reduction in per occupied room cost, food and beverage cost and Overhead cost as compared to previous years without compromising on standards.
Key Accomplishments:
Planned, budgeted, and forecasted with periodical controls, fostered variance analysis and management reporting by assuring compliance. Optimized and investigated the planning, budgeting, forecasting, and supply chain.
Supervised funds flow and the inventory levels of the company. Analyzed provisions of the Income Tax Ord. and Sales Tax Act, checked internal controls, maximized profitability, and system development for effective operations.
Coordinated with government authorities including excise and taxation, EOBI, SESSI, and assured all the required returns/ statements are submitted. Administered significant working capital reductions and maximized cash flow.
Conducted staff training, assisted general manager and corporate office in making decisions. Financial Reporting, Implemented ERP, Increasaed Hotels GOP without comprising on standards through effective internal controls.
Increased Hotels GOP, Reduced per occupied room cost, food & beverage cost percentage and overheads without comprising on standards through effective internal controls, audit, cost containment meetings, Profit Protection Plan and staff trainings. Also worked with M/s. McKinsey & Company on Transformation for increase in group profitability.
Prepared & implemented various Policies, Officers/ENT Checks Policy got appreciated & implemented in all Group.
Implemented Oracle Based ERP General Ledger, Inventory, Purchase, Payable, Receivables modules.
Implemented online purchase system (Tejari system) in the Purchase Department. Implemented Wave in all hotels.
Got performance based 6 Promotions in 1st 7 years, worked on 9 designations in 6 main Hotels and Corporate Office.
Strategized highly potential finance team to drive disciplined growth and strengthen controls and managed internal audit, internal controls, and financial analysis. Increase revenue and reduction in per occupied room cost, food and beverage cost and Overhead cost as compared to previous years without compromising on standards.
Key Accomplishments:
Planned, budgeted, and forecasted with periodical controls, fostered variance analysis and management reporting by assuring compliance. Optimized and investigated the planning, budgeting, forecasting, and supply chain.
Supervised funds flow and the inventory levels of the company. Analyzed provisions of the Income Tax Ord. and Sales Tax Act, checked internal controls, maximized profitability, and system development for effective operations.
Coordinated with government authorities including excise and taxation, EOBI, SESSI, and assured all the required returns/ statements are submitted. Administered significant working capital reductions and maximized cash flow.
Conducted staff training, assisted general manager and corporate office in making decisions. Financial Reporting, Implemented ERP, Increasaed Hotels’ GOP without comprising on standards through effective internal controls.
Increased Hotels GOP, Reduced per occupied room cost, food & beverage cost percentage and overheads without comprising on standards through effective internal controls, audit, cost containment meetings, Profit Protection Plan and staff trainings. Also worked with M/s. McKinsey & Company on Transformation for increase in group profitability.
Prepared & implemented various Policies, Officers/ENT Checks Policy got appreciated & implemented in all Group.
Implemented Oracle Based ERP General Ledger, Inventory, Purchase, Payable, Receivables modules.
Implemented online purchase system (Tejari system) in the Purchase Department. Implemented Wave in all hotels.
Got performance based 6 Promotions in 1st 7 years, worked on 9 designations in 6 main Hotels and Corporate Office.
Hashoo Group  http://www.hashoogroup.com Hashoo Group Hotels http://www.hashoohotels.com
Pearl-Continental Hotels  http://www.pchotels.com Islamabad Marriott Hotel  http://www.marriott.com/isbpk
Implemented internal checks and internal controls, analyzed financial and operations policies and procedures.
Key Accomplishments:
Examined management audit and analysis, evaluated adequacy of internal checks and controls. Checked planning, budgeting, and forecasting with periodical controls, variance analysis, management reporting, and compliance.
Highlighted and reported operational and managerial inefficiencies to senior management. Prepared succinct and actionable reports, examined performance improvement and effectively communicating recommendations.
Reviewed assignments and ensured the authenticity of supporting documents; suggested appropriate practices and providing support in financial procedures and policies by keeping in view major industry trends in general.
Prepared internal audit plans, internal control reviews, SOPs, third party validation and gap analysis; improved and developed standard operating procedures for all areas; monitored client requirements and suggested solutions.