ADITHYA NARAYANAN

Reporting Line : Chief Accountant

Company Over View: Etihad Intl Hospitality- FM Division is giving Facility Management,Soft Division,EIH have 200+ clients and over 6000 working in all the Emirates.St. Regis Resort Residences, Saadiyat Island,Sheikh Zayed Grand Mosque, Sheikh Khalifa Mosques in RAK, UAQ, Fujairah etc,SEHA Hospitals – SKMC, Al Rahba, Corniche,Fujairah etc

Financial Reporting & Analysis

• Prepare and present monthly financial reports, including Balance Sheet, Profit & Loss (P&L), and Cash Flow Statements.
• Generate ad hoc financial reports for management, auditors, and Head Officd.e as require

Accounting, Reconciliation

• Review and approve payment vouchers, journal entries, and financial transactions.
• Perform bank reconciliations, ensuring accurate cash flow tracking and reporting.
• Oversee VAT return filings (consolidated & standalone for EIH groups) and ensure Input/Output VAT reconciliation and RCM charges are accurate

Treasury & Cash Management

• Optimize working capital management, including receivables, payables, and cash reserves.
• Handle fund transfers, bank facilities, and loan repayments, ensuring timely settlements.
• Maintain banking relationships and negotiate better interest rates and financial terms.
• Manage Wakala Deposits (Fixed Deposits), ensuring optimal returns on surplus funds.
• Arrange and oversee Tender Bonds, Performance Bonds, and Financial Guarantees as required for business operations.
• Ensure timely renewal and release of bank guarantees to optimize cash flow and credit exposure.
• Arrange and manage audit requirement checklists for internal and external audits.
• Liaise with auditors and implement corrective measures based on audit recommendations.
• Assist in budgeting and financial forecasting for P&L and Balance Sheet.
• Monitor and analyze cost of sales, back chargeable, and consumables, ensuring budget alignment.
• Identify and implement cost-saving measures, including subcontractor negotiations to reduce expenses or extend AMC periods.
• Manage funds, cash flow planning, and financial resources to ensure optimal liquidity.
• Oversee fixed asset management, including tracking, depreciation, and disposal.
• Provide accounting training to junior accountants, enhancing team skills and knowledge.

Reporting Line: Group Finance Manager

Company Over View:ADUH Company is having interest in different Hospitality, Facility Management, Retail and Education etc.The St. Regis Saadiyat Island Resort, Abu Dhabi,It includes 280 Apartments, 30 Villas,Al Wathba, a Luxury Collection Desert Resort & Spa, Abu Dhabi,Lenoir Café – Sole Proprietorship LLC

Financial Reporting & Anaylsis

• Prepare and report Profit & Loss (P&L) and Balance Sheet (B.S.) to the Group Finance Manager.
• Consolidate P&L Notes as per IFRS, ensuring compliance with accounting standards.
• Consolidate hotel financial statements into Head Office books, performing general ledger reconciliation.
• Ensure monthly reconciliation of sister properties and intercompany transactions.
• Pass hotel retained earnings, sister company (operating) entries, and balance sheet reconciliations with valid documentation.
• Record retained earnings resulting from real estate transactions, including sale proceeds, property valuation adjustments, and amortization of real estate development costs
• Reconcile real estate retained earnings with capital reserves and property-related expenses.

Asset Management

• Oversee Fixed Asset Register, ensuring accurate tracking of all assets, including new acquisitions, disposals, and depreciation.
• Record and pass fixed asset depreciation entries and FF&E (Furniture, Fixtures, & Equipment) Reserve account entries.
• Monitor disposals of hotel assets, ensuring proper accounting treatment and compliance.
• Monitor Work in Progress (WIP) for major real estate and hotel development projects, with a project value exceeding 55 million.

Audit & Risk Management

• Provide accurate audit information and documentation to external auditors as part of the annual audit process.
• Coordinate and liaise with auditors to facilitate smooth and timely audits.
• Conduct internal audits to assess the effectiveness of internal controls, operational efficiency, and compliance with company policies and procedures.
• Conduct regular hotel audits, ensuring the accuracy of financial data, room revenue, and operational performance.
• Monitor hotel revenue streams, including food & beverage, and room sales to identify discrepancies or inefficiencies.
• Coordinate with external auditors to ensure accurate and timely hotel audits & Mystery Audit

Treasury & Cash Management

• Monitor and manage daily cash flows, ensuring adequate liquidity for business operations.
• Handle fund transfers, bank facilities, and loan repayments, ensuring timely settlements.
• Maintain banking relationships and negotiate better interest rates and financial terms.
• Manage Wakala Deposits (Fixed Deposits), preparing interest schedules and ensuring accurate accounting for deposit maturities.
• Oversee bank guarantees (Tender Bond, Performance Bond, Financial Guarantee) ensuring proper accounting and timely renewals.
• Maintain and record corporate loans, passing appropriate loan-related accounting entries.

Real Estate & Property Management (Owning Company)

1. Head Office Financial Reporting & Consolidation:

• Oversee the financial reporting of multiple real estate assets owned by the company.
  Prepare monthly, quarterly, and annual financial statements in compliance with IFRS and UAE regulations.
• Consolidate accounts for all owned properties, ensuring accurate intercompany transactions and eliminations.
• Conduct variance analysis between actual performance and budgeted financials.
• Ensure proper revenue recognition for lease income, service charges, and capital expenditures.

2. Fixed Asset & Property Accounting:

• Maintain and update the fixed asset register for all real estate properties and investment assets.
• Ensure accurate capitalization of costs, depreciation calculations, and asset retirement accounting.
• Monitor and reconcile property-related capital expenditures (CapEx) and operating expenses (OpEx).
• Conduct periodic physical asset verifications and reconcile with accounting records.

3. Treasury & Cash Flow Management

• Monitor cash flow for real estate investments, ensuring timely collections and disbursements.
• Manage banking relationships, including loan payments, mortgage financing, and escrow accounts.

Reporting Line : Financial Controller

Company Overview: Excelsior Downtown is the brand new 3 Star Hotel that opened its doors in the United Arab Emirates by MOBH, one of the Leading Hotels Groups in Middle East.

Accounts Payable

• Verify and process incoming invoices for goods and services provided by vendors.
• Prepare and process payments for approved invoices via bank transfers, cheques
• Review the city ledger for any outstanding charges and ensure payments are properly recorded.
• Assist with bank reconciliation by ensuring that all vendor payments are accurately recorded and reconciled with the general ledger.
• Review the city ledger for any outstanding charges and ensure payments are properly recorded.

Paymaster(Above 150 Employee in Payroll)

• Prepare and process monthly payroll for all hotel employees, ensuring timely and accurate payments.
• Verify and process overtime, bonuses, allowances, and other adjustments to employee salaries.
• Manage and ensure payroll budgets align with operational forecasts.
• Maintain accurate payroll records and ensure compliance with hotel payroll policies
• Ensure accurate processing of separation settlements for employees leaving the hotel (e.g., final pay, unused leave balances, gratuity payments).
• Reconcile payroll accounts with the general ledger to ensure accurate financial reporting.
• Update the payroll system (PAYTRAX) with employee bank details prior to salary processing to ensure correct salary disbursement.
• Post all deductions and additions to the payroll system, ensuring accurate payroll records are maintained.
• Upload salary payments to the banking system for staff, ensuring that payments are credited into the employee accounts.

Reliever of Income Auditor-Two Month

• Verify daily revenue reports, ensuring they match the corresponding documents from the FO.
• Review and verify that all revenue entries for rooms, food & beverage, and other services are properly recorded and match with supporting documents.
• Review and verify the city ledger and credit card transfers of the day, ensuring that all transfers are accurately recorded and in alignment with daily transactions.
• Pass verified city ledger transactions and credit card payments to the accounts receivable department for further processing.
• Ensure all reports, vouchers, and supporting documentation are properly filed and easily accessible for audit and reconciliation purposes.

Reporting Line : Finance & Business Supporting Manager

Company Overview: Holiday Downtown is the brand 3 Star Hotel that opened its doors in the United Arab Emirates by IHG, one of the Largest Hotels Chain in the World

General Cashier

• Conduct daily cash counts with a witness to ensure accurate tracking of cash transactions.
• Prepare General Cashier's Report (GCR) daily, attaching all relevant supporting documentation for verification and posting.
• Ensure proper segregation and handling of cash across different departments, maintaining adherence to cash management policies.
• Oversee and maintain the departmental cash float contracts, ensuring accurate allocation and timely adjustments.
• Responsible for creating and canceling cash floats as per the hotel's operational requirements.
• Conduct regular audits to ensure proper use and handling of cash floats across all departments.
• Handle and process monthly payments for utilities and services such as DEWA, DU, Dubai Municipality, Etisalat, TD Fees, and other regular expenses.
• Ensure that all payments are made on time and recorded accurately, with proper documentation.
• Reconcile due backs, petty cash, and manage any overages or shortages from all properties on a daily basis.

Paymaster

• Verify and review monthly attendance records received from various departments, ensuring accuracy before payroll processing.
• Ensure that all leave records, including annual leave and sick leave, are updated and accounted for in the payroll system.
• Prepare staff final settlement payments, including all supporting documents such as unused leave, gratuity, and other entitlements.
• Prepare annual leave application payments as per hotel policies and with supporting documentation.
• Process the entire staff salary for the month, ensuring that all deductions and additions are correctly applied.
• Upload salaries to the online banking system for timely payment.
• Update the payroll system (PAYTRAX) with employee bank details prior to salary processing to ensure correct salary disbursement.
• Post all deductions and additions to the payroll system, ensuring accurate payroll records are maintained.
• Prepare and submit payroll-related journal entries (JV's) to the financial accountant for accounting and reconciliation purposes.
• Coordinate with the finance team to ensure the salary payments are made accurately and timely.
• Upload salary payments to the banking system for staff, ensuring that payments are credited into the employee accounts.