Muhammad Ali Email & Phone Number

Bahrain

One of Fortune 500 Arabia Corporate companies, Diversified business operation of Retail & Distribution, FMCG, Hospitality, Contract Services, Supply Chain and Logistics.Financial management of FMCG, Hospitality, Beverages and E-commerce divisions. Actively monitoring daily finance operation and all accounting functions including compliance, budgeting, forecasting, working capital management and accounts receivable.Major responsibilities are:• Manage the divisional financial activities by implementing financial policies as per finance manual and conducting regular assessments of financial procedures.• Leading month end closing process of related divisions, completion of financial reports, timely submission of Monthly Management Reports (MMR) of four divisions to central finance.• Variance analysis of divisional performance against budget and formulate action plan to improve areas of concern with the divisional business heads.• Active liaison with External Auditor in preparation of quarterly and annual audit reports and financial statements.• Active liaison with Internal Auditors on periodic internal audit review by providing all related and relevant data and information to ensure compliance as per policies and procedures.• Participation in annual budgeting and monthly forecasting process in coordination with respective business heads.• Working capital management to ensure timely collection and depositing of cash and other mode of receipts with effective monitoring.• Comply with regulatory deadlines for financial statements, VAT returns and preparing other ad-hoc reports.• Reconciliation of GL and intercompany accounts to ensure proper record keeping and timely clearance of outstanding balances.• Managing healthy relationships with customers, suppliers, banks, auditors and other related authorities.

Bahrain

Swiss-Belhotel Seef Bahrain (4 Star Deluxe Hotel established since 2014)(144 Keys, 2 F&B Outlet, 1 Bar, 1 Ball Room, 5 Meeting Rooms)Swiss-Belsuites Admiral Juffair Bahrain (174 Keys, 3 F&B Outlet, 2 Bars, 1 Meeting Room)Responsible to ensure the financial stability and profitability of the Hotel by directing all accounting functions including compliance, budgeting, accounts payable, accounts receivable, cash flow, payroll, purchasing, costing & inventories management.

Bahrain

Responsible for daily finance operation and strategic planning of both 4 star hotels, Ibis Seef (304 Keys) and Ibis Styles Bahrain (95 Keys).• Established, coordinated and administered all financial systems, internal controls and the hotel’s capital expenditure plan. • Prepared and reviewed budgets, forecasts, operating results, financial reports and Govt. levy returns in compliance with government regulations. • • Supervised and Managed the activities of All Accounting department, IT, Procurement and Inventory control. • Ensured compliance of all accounting system, procedures and reports with established accounting and control standards and procedures in compliance with all government regulations and Accor FOCUS Policy. • Ensured compliance with corporate accounting policies and procedures, legal requirements and contractual obligations, utilizing internal controls, auditing and security procedures. • Monitored hotel expenses to stay within budget guidelines, as well as gather and report financial information to the General Manager. • Ensure that all accounting reports and financial statements are in accordance with the uniform system of accounts for the hotels as per Accor ME requirement, formats and instructions.• Ensure the accuracy, timely preparation and submission of all accounting reports, financial statements and tax returns. • Ensure the maintenance of all subsidiary records in connection with inventories, accounts receivables, accounts payables, operating equipment, fixed assets, etc. • Managed performance issues that arise within the Accounting department, as well as trainings, career coaching and counseling, performance evaluations and resolve problems of finance team members

Manama

Responsible for daily finance operation and strategic planning of both 4 star hotels, Ibis Seef (304 Keys) and Ibis Styles Bahrain (95 Keys).

Ibis Seef Manama, Bahrain

Started with Pre opening of Ibis Seef Manama, Bahrain. Opened January 2015,a hotel with 304 keys, 5 meeting rooms and 2 F&B outlets in Seef Manama, Bahrain. My responsibilities were:• Supervision of whole Finance team, Income Audit, Payable, Receivables, Cost Control, Stores & Purchase etc.• Training of all newly hired finance associates.• Development & control of Finance SOP as per Accor FOCUS policy. • Monthly Financial Reporting Pack for Accor & Action Tourism (ATH)• E-Reporting for Accor EDIFIS within 4 days after Month-end.• Timely submission of Interfile to Accor EDIFIS.• Reconciliation of All GL Accounts & Finalization of Financial Statements.• Control of all banking activity and monthly reconciliation of bank accounts.• Achieved "Very Good" rating from internal auditors assessment as per Accor FOCUS.• Monthly payroll management of all hotel associates as per budget.• Verification of Bank & Cash Payment Voucher, Income Audit Report & Daily GC Report.• Liaison with Auditors, Suppliers, Corporate Office and other Officials.• Power User of Sun System SS6, Infor Q & A (Vision Excel), Material Control FMC, Opera 5 (PMS), Micros 3700 (POS), Oasys 2009 (HRMS).

Faisalabad Serena Hotel.

Faisalabad Serena Hotel is leading hotel in 3rd largest city (Famous for Textile Industry) of Pakistan with 148 Room Keys and 3 Restaurants, Active Banquet operation with Banquet Halls. Faisalabad Serena Hotel Famous for its warm hospitality, enrich architecture with green courts. This property in owned and managed by Tourism Promotion Services Pakistan Ltd. with great vision of H.H Prince Karim Agha Khan for development of hospitality and tourism in Pakistan. TPS owns and manages 8 Hotels in Pakistan, one each in Kabul and Dushanbe. My major responsibilities were;• Submission of Monthly Reporting Pack for Corporate Office.• Analysis of departmental Profit & Loss Accounts.• Review of Balance Sheet with schedules and break ups.• Reconciliation of All GL Accounts & Finalization of Financial Statements.• Controls all banking activity and monthly reconciliation of bank accounts.• Effective liaison with internal and external auditors.• Prepares the month end JVs & gets them verified from Financial Controller.• Control of Fixed Assets Register & Depreciation Policy.• Checking of monthly payroll.• Checking of Bank/Cash Payment Voucher.• Supervision of Income Audit.• Checking of Daily General Cashier Report.• Liaison with Suppliers, Corporate Office and other Officials.• e-Filling of Sales Tax Return on PRA Website on monthly basis.• Use of Sun System MFF, Vision Excel, Material Control FMC.

Performed month-end and year-end closing functions. Analyzed numerous monthly bank reconciliations. Management of inventories, (Manually and through locally developed Software.) Prepared adjusting journal entries. Established and implemented corporate policies and procedures. Participated in accounting functions involving general ledger activity, accounts receivable, and accounts payable. Audit & Checking of Journal Entries, Sales and Purchase Registers, Payments & Receipts (Cash & Bank) on daily basis.Monitoring and supervision of withholding tax deductions, preparation and e-filing of WHT statements and sales tax statement on monthly basis.Preparation and submission of annual Income Tax return (e-filing).Developed and presented financial reports to management. Prepared profit and loss statements and balance sheets, reconciled budgets against actual expenditures.Participated in all aspects of accounting and financial management.

Performed month-end and year-end closing functions,monthly bank reconciliations. Inventories Management (Manually and through "Focus5"). Prepared adjusting journal entries. Established and implemented corporate policies and procedures. Participated in accounting functions involving general ledger activity, accounts receivable, and accounts payable. Preparation of Sales Statement, Calculation of Sales Commission. Audit & Checking of Journal Entries, Sales and Purchase Registers, Payments & Receipts (Cash & Bank) on daily basis.Controlled project financial forecasting, operational budgeting, resource planning, invoicing, pricing, ordering, and scheduling. Executed computerized budget management system improving quality of financial reports and overall departmental efficiency. Prepared monthly consolidated financial statements and analyzed results. Managed budgeting responsibilities including budget planning and variance analysis. Developed and presented financial reports to management. Prepared profit and loss statements and balance sheets, reconciled budgets against actual expenditures, prepared Zakat returns, and briefed auditors. Participated in all aspects of accounting and financial management.

Supervised Accounts & Admin department. Analysis of Accounts Receivable and Accounts Payable. Ensured and maintained ethical accounting practices. Audit & Checking of Journal Entries, Sales and Purchase Registers, Payments & Receipts (Cash & Bank), Conducted month-end transactions, reconciled bank statements, credit statements, and daily sales. Maintained the general ledger, Stock Ledgers, Sales and purchase registers, produced budgets, and prepared profit and loss, balance sheet. Prepared Sales Tax and Income tax returns. Negotiation with Local And International Suppliers, Import (L.C) Documentation, Costing of Goods Imported. Oversaw annual audit for site. Communicated externally with sales tax auditors and outside audit firms.Computer Troubleshooting.

Performed full charge bookkeeping and account management, assembled documentation for year-end audits, and responded to auditors' inquiries.Audited daily ledger, and cash and credit sales. Assisted Chief Accountant in daily financial processing, including monitoring of payroll data, cash receipts, billing, disbursements, expense accounting, and deposits. Developed policies and procedures for fiscal management. Prepared bank reconciliations, cash and Bank statements, taxation returns, and salary sheets.Conducted monthly stocktaking. Steadily increased responsibility, particularly with regard to financial matters, often given various analytical projects that were not associated with primary responsibilities to accomplish. Progressively entrusted to prepare complex financial statements, and interim/annual reports.

Assisting branch Manager on different daily tasks.

P.F.A, Public Finance Accountant, Accounting And Finance

Main Subjects: Information Technology, Financial Accounting, Financial Management, Financial Reporting.

Commerce, Commerce

Main Subjects: Financial Accounting, Advance Financial Accounting, Cost Accounting, Auditing, Economics, Economics of Pakistan, Business.