Hossam El Din Ali
Cairo
Summary
Have over [29+] years of experience in hospitality industry, Professional Experience- Managing all Finance Operations, prepare & analysis financial reports &Statements. Managing finance team (Problem solving, reasoning, team motivating, finance dept. organizational)- Reviewing all ledger details, such guest ledger, city ledger and deposit ledgers to validate proper payment and revenue posting. Managing cash flow, cash payment forecasting, & bank accounts. Monitoring weekly & monthly forecast processing.- Build financial strategies by performing data analysis & formulating conclusions.- Build departments & yearly budgeting by previous period analysis & next achievement. Managing monthly profit / Loss meeting, costing analyzing & Revenue analyzing. Working on finance team relations to build healthy working environment between team members by respectful communications, clear expectations, productivity trainings, regular meetings, sharing events, Managing performance. Compliance with accounting policies and regulatory requirements, keep it up to date. Use latest technology software to enhance financial department operation. Working with Executive Committee team in hotel operation Quality driven
Overview
13
13
years of professional experience
1
1
Certification
Work History
Assistant Finance Manager
IHG Hotels & Resorts
Luanda
10.2021 - 11.2023
- Covered all DFBS duties during his absences
- Maintained accurate records of all financial transactions including billing information, invoices, payments received and made
- Coordinated with overseas finance team and analyzed and submitted consolidated forecasts to help management understand current positions and trends, both financial and operational
- Provided support for the development, implementation, and maintenance of internal control policies and procedures
- Assisted in developing and monitoring departmental budgets to ensure fiscal responsibility
- Developed long-term strategies for improving overall financial performance across the company
- Performed detailed analysis of current expenses versus prior year spending trends to identify opportunities for cost reduction initiatives
- Reviewed daily cash balances and prepared weekly cash forecasts
- Analyzed variances between actual results and budgeted amounts to determine root cause and corrective action plans
- Managed accounting and management records by outlining improvement areas, advised on cost savings and confirmed that internal controls safeguarded company's assets
- Supervised [26] finance team members, presented innovative ideas to improve company's business and accounting operations and delivered budgetary support to non-finance teams
- Assisted in preparing presentations for board meetings regarding financial performance indicators
- Developed monthly management reports for review by senior leadership team
- Participated in special projects related to finance operations as assigned by upper management
- Facilitated the annual audit process by providing requested documentation in a timely manner to external auditors
- Managed financial transactions involving general funds and contracts to reduce cashflow challenges
- Analyzed actual financial results vs budget to prepare variance reporting to functional groups
- Monitored cash flow to ensure sufficient liquidity
- Coordinated with other departments within the organization regarding budgeting matters
- Evaluated existing processes within the finance department and identified areas for improvement
- Collaborated with external auditors during annual audits to ensure accuracy of financial statements
- Reviewed and analyzed budget variances to ensure accuracy of financial information
- Negotiated contracts with vendors in order to obtain competitive pricing structures
- Provided guidance on accounting issues related to new business initiatives
- Conducted risk management assessments and created strategies to minimize potential risks
- Advised executive leadership on capital allocation decisions based on market conditions.
Financial Accountant
IHG Hotels &Resorts
Cairo
10.2018 - 10.2021
- Reviewed financial records, including income statements and balance sheets, to ensure accuracy
- Reconciled intercompany transactions between entities within the group and ensured timely resolution Maintained general ledger accounts by reconciling sub-ledger balances to the general ledger on a monthly basis
- Ensured compliance with established internal control procedures
- Developed reports for management detailing account activity, trends and forecasts
- Conducted financial analysis and research to advise senior management on forecasting decisions
- Analyzed business operations, trends, costs, revenues, financial commitments Assist senior leadership during executive decision
- Maintained accurate accounts for cash, fixed assets and other transactions
- Provided insight into how company performance can be improved through more efficient budgeting and forecasting processes
- Identified and resolved outstanding financial issues, resulting in increase in customer satisfaction ratings
- Assessed data and information to check entries, calculations and billing codes for accuracy
- Developed and maintained effective relationships with banks and other external service providers such as tax consultants
- Coded invoices and other records to maintain organized and accurate records
- Calculated monthly, quarterly and yearly dividends and sent out dividend checks to shareholders
- Developed and documented business processes and accounting policies to maintain and strengthen internal controls
- Participated in ad hoc projects related to improving overall financial reporting processes
- Mitigated losses and verified protocol compliance through skilled preparation and administration of clear and effective yearly budgets.
Internal Auditor
IHG Hotels &Resorts
Cairo
10.2010 - 10.2018
- Documented audit findings in formal reports presented to senior management team
- Assisted external auditors during annual audits by providing necessary information
- Investigated discrepancies that were uncovered during audits
- Performed analytical reviews on financial data to detect errors or discrepancies
- Ensured that all reports were filed accurately and timely according to applicable laws
- Analyzed data from audits, compiled it into reports and disseminated to proper personnel
- Completed comprehensive audits of financial and business control systems and operational frameworks
- Reviewed financial documents to ensure compliance with company policies and procedures
- Analyzed business operations and identified opportunities for improvement in internal control systems
- Performed testing of internal controls based upon strict regulations
- Coached new employees to inform and educate on processes, procedures and deadlines
- Supervised office and personnel during manager absences to keep workflows running smoothly
- Created training materials for staff members regarding proper accounting practices and procedures
- Presented audit results to management teams, delivering information in non-technical terms for easy understanding
- Performed audits of operational and financial areas to check compliance
- Managed and trained team members to enhance audit department performance and increase operational efficiency
- Supported efficient accounting operations with high-quality administrative support
- Analyzed balance sheets for mistakes and inaccuracies
- Oversaw full accounting cycle and prepared applicable financial statements
- Coordinated project materials and schedules, facilitated communication and prepared reports
- Investigated and resolved billing issues to maximize cash flow and minimize liabilities
- Cross-trained employees, enabling completion of priority tasks during personnel absences
- Maintained accurate accounts for cash, fixed assets and other transactions.
Education
Institute Of Commerce
Skills
- Financial Modeling
- Financial Management
- Financial Analysis
- Financial Reporting
- Financing Expertise
- Cash Flow Management
- Mentoring Budget & Forecasting
- Strategic Planning
- KPI Development
- Verbal and Written Communication
- Performance Reviews
- Coaching and Training
- Continuous Improvement
- Internal Controls
- Variance Analysis
- Proficient in [MS] Departments Support
Certification
Harvard E-Learning Certificates in Several Finance Filds (Budgeting, Coaching, Decision Making, Goal Setting, Leading & Motivating, Presentation Skills, Team management)
References
- Youseri A El Ghany, Yousri@Yf-Consultants.com, +971569373477
- Nuno Noves, Nuno.neves@Ihg.com, +9689060818
Timeline
Assistant Finance Manager
IHG Hotels & Resorts
10.2021 - 11.2023
Financial Accountant
IHG Hotels &Resorts
10.2018 - 10.2021
Internal Auditor
IHG Hotels &Resorts
10.2010 - 10.2018
Institute Of Commerce
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