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Tamer AbouAhmed

Director of Finance / Financial Controller

Objective

To find a challenging position in an organization that meets my competencies, capabilities, skills, education and experience where I can add value to the work environment together with achieving goals and targets both for self-contentment and for the Hotels Group - Owners.

SUMMARY

Experienced dynamic finance professional with proven track record in the hospitality sector for 14 years, including 7 years in senior leadership roles and easily approachable to the team, I started my career with an excellent focus on finance; I have a strong In-depth knowledge of deluxe international self-accounting in line with USALI 11th Edition. 

I am result oriented, self-motivated with a positive attitude, having the ability to think literally and with pro-active approach and a strong drive for results.

Provides leadership and coaching including strategic guidance to the executive committee in relation to in identifying new ways to increase the top line revenues and bottom line by cost containment, revenue enhancement, profit improvement opportunities and safeguarding of the hotels assets.

MAIN DUTIES & RESPONSIBILITIES

Records:

Maintain proper and complete accounting records of the hotel and ensure that the accounts, records and transactions of the hotel are accurate and correct at all times.

Safeguarding of assets: 

Implement all necessary controls to safeguard the assets of the hotel.

Financial reports: 

Prepare and interpret the financial statements and reports of the hotel on a timely basis to owning company and corporate office.

Management information: 

Provide financial information to management as tools for maximizing profits and planning for future reports which should stimulate management action.

Budgets and forecasts: 

Compile, together with the other executives, budgets and forecasts covering all activities of the hotel, compile treasury/cash flow forecasts for the business.

Electronic data processing systems: 

Ensure that the hotel’s computer system and their software are fully utilized, well safeguarded and properly maintained.

Controls and procedures: 

Ensure that the established controls and procedures in respect of the controller’s areas of responsibilities are being complied at all times.

Cashiers: 

Ensure that there are, at all times, proper procedures and controls for the guest cashiers and other cashiers in the hotel.

Purchasing, receiving and stores: 

Ensure that there are, at all times, proper procedures and controls for purchasing, receiving, stores and requisitioning.

Stock takes: 

Ensure that physical inventories of all supplies are being taken on a monthly basis and of all operating equipment on a quarterly basis.

Credit and collection: 

Ensure that the hotel complies with the established credit and collection procedures.

Human Resources: 

Ensure that human resource policy and recruitment processes are consistent and streamlined, responsible for all contracts and any other legal records.

Work History

Sep 2016Present

Director of Finance

Kempinski Hotels - Tangram Erbil

Erbil – Kurdistan Iraq

Facilities: 5* Hotel with 12 floors that will offer 118 rooms and suites rooms, 4 Restaurants & Bar, Coffee shop, Fitness, business Center, Conference hall, Swimming Pool, 150 Employees.

Job and Responsibilities:

  1. Responsible for supporting, mentoring and developing all finance staff.
  2. Responsible for the preparation of accurate and timely Management Reporting.

  3. Responsible for the preparation of the reporting to the Owning Company.

  4. Responsible for preparing and submitting an accurate monthly full year forecast.

  5. Responsible for developing the annual Business Plan as well as 5 Year Plans.

  6. Responsible for conducting monthly P&L and Credit Meetings.

  7. Responsible for reviewing the cash position of the hotel.

  8. Responsible for utilize and collaborate with resources across different departments and corporate office.

  9. Assisting the commercial team in seeking new business opportunities and evaluating the intrinsic value of new business proposals.

  10. Improve productivity and identify cost saving potential in order to improve the overall profitability of the hotel.

  11. Establish and maintain positive relationships with key shareholder (e.g., Owner authorities, CFO, Owner representative, Board of Directors)

Oct 2014Sep 2016

Financial Controller

Accor Hotels - Ibis Seef Manama

Manama, Bahrain

Facilities: 4* Hotel with 26 floors that will offer 304 rooms, 2 Restaurants & Coffee shop, Fitness Center, business Center, Conference hall, Roof top Swimming Pool,  110 Employees.

Job and Responsibilities:

Perform the functions of Financial controller lead the Pre-Opening of the IBIS Seef Manama; Compiling accounting policy procedures, Setting up Internal control systems in accordance with Accor Hotels Policies, Hiring staffs, Implementing hotel strategies that deliver guest services and financial results.

Achievements:

  1. Lead the Pre-opening reporting (Pre-opening expenses versus Pre-opening Budget) and zero based operating budget process.

  2. Successfully directed the set-up of the entire Finance Department including purchasing and IT sections.

  3. Successfully implemented the systems like SUN financials, Opera, Micros, Material Control, Smart call accounting system, Oasys payroll systems,  accurate interface implementation and reporting’s.

  4. Successfully opened the hotel in span of one month with a few staff.

  5. Operationally in charge for hotels, in the absence of the General Manager.

  6. Achieved "Very Good" GREEN rating in the first internal audit conducted by Grant Thornton audit in 2015 through strong compliance of FOCUS internal controls.

Jun 2013Oct 2014

Assistant Financial Controller

Constance Hotels - Constance Ephelia Resort & Spa

Mahe, Seychlles

Facilities: 5* Resort with 309 the Largest Resort in Indian Ocean, 8 Restaurants, 5 Banquet hall up to 500 Center, 800 Employees.

Job and Responsibilities:

Manages the day-to-day operation of the accounting office, developing and implementing property wide strategies that deliver services and financial results to meet or exceed the needs of the group's target.

Achievements:

  1. Adapted to new cultural environments where difficult working conditions exist (Seychelles).

  2. Encouraging training by identifying training needs and implementing training courses.

  3. Retrained the accounts team to achieve company targets & deadlines, a fully reconciled balance sheet for head office at the end of each period, delivered on target debt collection results of less than 45 DSO and achieved bonus target 2 quarters in a row.

  4. Introduced departmental expenditure controls which reduced cost of sales by 3% in 6 months.

  5. Generated up to 5% GOP increase within position of AFC in the largest Resort.

  6. Managing a team of 32 including 5 junior managers in addition 80% recruiting local.

Oct 2012May 2013

Deputy Financial Controller

Movenpick Hotels - Movenpick Hotel Sana'a

Sana'a, Yemen

Facilities: 5* Hotel with 338 Rooms, 4 Restaurants, 3 Boutiques, Spa, Fitness Center, Banquet hall up to 1000 Pax, 350 Employees.

Job and Responsibilities:

Assist the GM and VIP Financial Controller in the effective implementation of all Policies & Procedures. Interpret financial results and work with respective HOD to maximize operating results, providing them with tools for future planning.

Achievements:

  1. Financially leading organizations in difficult cash flow situations where the owners ran out of working capital.

  2. Resolved several issues with regards to government regulations & tax (Yemen).

  3. Introduced Payroll/Productivity concept (excel spreadsheets) which resulted in 2% reduction in payroll and benefit costs.

  4. Improved cost $ expense control procedures to deliver on Movenpick targeted profit conversion of 5% variance to forecast, Payroll cost for the year at 27%, Food cost 31% & Beverage cost 21% p.a.

  5. In the hotel coordinated a cash collection program which reduced debtors from 70 days sales outstanding to 46 in 3 months.

Jan 2011Sep 2012

Assistant Financial Controller

Anantara Hotels - Qasr AL Sarab Desert Resort

Abu Dhabi, UAE

Facilities: 5* Resort with 206 Villas, 6 Restaurants & Bars, 1 Boutiques, Spa, Fitness Center, Banquet hall up to 500 Pax, Desert Activity, 580 Employees.

Job and Responsibilities:

Manage the Accounting Department and maintain an effective and proper control for the protection of the Hotel assets, as well as involvement in the preparation and reporting of the financial statement.

Achievements:

  1. Implement all necessary controls to safeguard the assets of the hotel.

  2. Introduced purchasing and payroll control procedures to deliver monthly expenses and cost targets.

  3. Every individual in accounts department trained to do multiple tasks – two jobs minimum and Developed on boarding orientation for new Chief Accountant.

  4. Responsible for the preparing & presenting financial and management reports.

  5. Recipient of Minor International’s President Award of Excellence in Finance and Accounting for the years 2011.

  6. Task force 2 Month FC of Desert Island Resort by Anantara.

May 2009Dec 2010

Chief Accountant

Anantara Hotels - Qasr AL Sarab Desert Resort

Abu Dhabi, UAE

First member of the Finance team - Acting as Director of Finance

Job and Responsibilities:

Lead the pre-opening expense statement, cash flow, set-up the systems, preparing the operating budget, establishing operating bank accounts and insurance policies.

Achievements

  1. Successful Open of Qasr Al Sarab Desert Resort & Spa by Anantara.

  2. Successful run finance department one year without DOF.

  3. Managed OS+E and FF+E processes and pre-opening budget.

  4. Systems mapping, consolidation of Policies and Procedures and Training manual.

  5. Budget preparation, Owners Reporting – presentation, preparation and attending Board Meeting.

Oct 2007Apr 2009

Accounts Supervisor, Internal Auditor Supervisor, Credit Controller Supervisor

Marriott Hotels - JW Marriott  Dubai Deira

Dubai, UAE

Facilities: 5* Hotel with 344 Rooms, 12 Restaurants & Bars, 1 Boutiques, Spa, Fitness Center, 5 Banquet hall up to 1000 Pax, 640 Employees.

Oct 2003Sep 2007

Accounts Receivable Supervisor, Income Auditor, Night Auditor, General Cashier & Accounts Payable, Restaurant Cashier

Marriott Hotels - Marriott Taba Beach Resort

Taba, Egypt

Facilities: 5* Resort with 394 Rooms, 7 Restaurants & Bars, 2 Boutiques, Spa, Banquet hall up to 500 Pax, Diving Center, 350 Employees.