ANNAMALAI KUMAR
Finance Controller /Finance Manager
Dubai
Summary
Highly accomplished hotel finance controller with a solid track record of driving financial success in the hospitality industry. Possessing a comprehensive understanding of hotel financial operations, revenue management, and cost control, I am dedicated to optimizing financial performance and maximizing profitability.
Well-versed in accounting principles and regulations. Motivated to keep company financial operations compliant, accurate, and cost-effective. Ready to bring 20+ years of experience and take on challenging new role.
Throughout my career, I have effectively managed financial operations for luxury hotels, ensuring accurate and timely financial reporting, budgeting, and forecasting. I have a deep understanding of industry-specific metrics, such as RevPAR, ADR, and GOPPAR, and utilize them to provide strategic insights for revenue enhancement and expense reduction.
With expertise in financial analysis and performance evaluation, I have successfully implemented cost control measures, identified revenue growth opportunities, and optimized pricing strategies. I am skilled in evaluating and negotiating contracts with vendors and suppliers to minimize costs and improve the bottom line.
Furthermore, I possess strong leadership skills and have successfully led finance teams, fostering a collaborative work environment focused on achieving financial goals. I excel in developing and implementing internal controls and procedures to ensure compliance with industry regulations and company policies.
As a hotel finance controller, I am committed to leveraging my expertise,analytical acumen, and business acumen to optimize financial performance, strengthen internal controls, and support the overall success of your hotel.
Overview
22
22
years of professional experience
Work History
Finance Controller / Manager
Majid Al Futtaim Corporate Office
5 2023 - Current
- Handling Three Major Units of Business Financials in Corporate Office combined of 28 F & B Outlet/Store & Production Units & Business to Business using Sage & SAP accounting software
- Assisting Director of Finance on daily Operations
- Preparing Monthly P&L Statement & Balance Sheet Schedules, Cashflow, Dashboard Reports
- Consolidating Daily Margin Reports against Daily Revenue on all Business Unites and distributing the Dashboard for Internal Reports
- Providing Monthly Pricing on the Segment based on KPI
- Reviewing the variance Analysis & Identifying the core element with respective accounts
- Performing month end procedures -Closing JV & Analyzing the Performance -Preparing MIS –Various Reports for different Business Units & Head Office report
- Monitoring Daily Revenue Collection & Bank Deposits/Retrieval Checks etc
- Supervising payable operation for Vendor Payments as per Ageing
- Reviewing Monthly Payroll & Benefits of the Employee Payroll
- Controlling & Approving Operating Expenses & Capex on the LPO Process
- Controlling & monitoring Capex on the Fixed Asset Register and ensuring monthly Depreciations are factored on the respective P &L
- Preparing Presentation for Monthly Performance Review to the Top Management
- Coordinating with Internal Taxation & Audit Department for the Tax & Audit related Queries
- Mitigating the Risk by implementing Internal Controls and Safeguarding for Revenue and Expenditures of the Operation
- Preparing the SOP and developing the Team to standardize the operations effectively
- Maintaining Commercial & Finance Support with other Internal departments
- Assisting & developing the existing module for better Operations based on ABC Analysis
- Handling and advising for the Amendment on the Contracts & Policy and Procedures for better performance improvement.
Asst Finance Controller
Staywell Hospitality -Park Regis Kris kin Hotel
07.2019 - 04.2023
- Assisting Regional Fin Controller for Day-to-Day Operations
- Ensuring Daily Revenue basis on Opera & Sun System
- Providing Necessary Accrual figures for respective Accounts for accurate month end closing
- Controlling Daily Food Cost within the Budget
- Reviewing hotel SOP & advising the management team for the updates & amendments
- Handling Hotel AMC Contracts and Renegotiating with the supplier for better profit margin
- Analyzing & approving the departmental daily Store Item Request and LPO’s
- Providing training to the accounting staff for smooth operation and better achievements
- Following up for AR related outstanding dues on periodically with respective companies
- Conducting AR Meeting with Credit manager & Sales Team for effective collections
- Assisting Director of Finance & General Manager for daily Operations
- Preparing Monthly P&L Statement & Balance Sheet for MIS
- Reviewing the variance Analysis & Identifying the core element with respective accounts
- Preparing MIS –Various Reports for Owners Subsidiaries & Head Office report
- Assisting Regional Development Team for Collection and Operations Working.
Asst Finance Manager / Senior Accountant
ESAG Group - Real Estate Division
09.2017 - 06.2019
- Asset creation, VAT accounting, Handling Accounts Receivable, managing cash & cheque deposit & bank transfers, Tax invoice generation & VAT reconciliation using SAP accounting software
- Assisting Finance Manager for daily Operations
- Preparing Monthly P&L Statement & Balance Sheet
- Reviewing the variance Analysis & Identifying the core element with respective accounts
- Supervising payable operation
- Performing month end procedures
- Preparing MIS –Various Reports for Owners Subsidiaries & Head Office report
- Liaising with Legal Department for the New Contracts & Updates on Existing Contracts
- Handling Account Receivable Process on Leave Place
- Coordinating with Projects Dept for the Ongoing Projects
- Handling PDC Checks & Coordinating from PDC WH
- Monitoring Daily Revenue Collection & Bank Deposits/Retrieval Checks etc
- Liaising with Vendors for the Maintenance Payment as well AMC Providers
- Handling Refunds for the Vacated or Discontinues Contracts.
Financial Analyst & Operations
DAMAC Hospitality
02.2015 - 07.2017
- Consolidating Monthly P&L Statement & Balance Sheet for MIS
- Reviewing the variance Analysis & Identifying the core element with respective accountants
- Preparing MIS –Various Reports for Owners Subsidiaries & Head Office & Chairman’s report
- Assisting CFO & Internal Control Mangers for SOP & Procedures Implementation
- Analyzing Daily Revenue basis on Opera & Sun System
- Providing Necessary Accrual figures for respective Accounts
- Reviewing Internal Reports before dispatching to external & Head Office
- Coordinating with Revenue Department for Revenue Analysis & Forecast
- Contributing with new ideas & suggestions for business development plan & promotions to achieve budgeted profit
- Setting up the Cost per Room & Cost per Cover for F&B in order to control the expenses
- Conducting Internal Audit within the property
- Preparing Ad hoc Financial Analysis Reports for the Operation and Executive Team
- Consolidating & Preparing Monthly Critique with the respective Hotel Mangers
- Coordinating with Revenue Team and Updating Revenue Forecast on monthly Basis
- Preparing Corporate Allocation on monthly Basis based on CFO Advise
- Contributing support for Staffing & Outsourcing Manuals with HR Team
- Conducting Departmental Training Activities to improve the Service Culture
- Additionally, handling two properties for Daily Operations & Month end Closing schedule.
Chief Accountant
Holiday Inn Express Hotel-DIC
12.2013 - 01.2015
- Being a Head of the Finance Dept - Responsible for all Day-to-Day Operation of Accounts Department
- Providing MIS in accurate manner and Controlling Inventories& Reordering level and maintaining Stock, Supervising Accounts Payable & Accounts Receivables, Income Auditing & F &B Costing
- Assisting our Group Finance Controller & General Manager by providing full and accurate Financial Reports, forecasting and budget proposals within the hotel and in other areas where required
- Preparing P&L Statement & Balance sheet Reconciliation on monthly basis
- Preparing Daily Cash Flow & Weekly Bank reconciliations
- Analyzing Actual Expenses or Performance against budget and commenting on variances and actions
- Supervising Monthly Payroll Preparation & Income Auditing Process
- Preparing the Management Accounts reports to the Head Office & Owning Company
- Contacting Suppliers / Travel Agents/Companies and solving If any issues
- Conducting the monthly inventory and stores spot checks
- Assisting the general manager to plan and achieve the company targets and owners’ expectations
- Reviewing prices and recommending Price strategies to the General Manager
- Liaising with Internal and External Auditors for related queries
- Providing timely and accurate financial statements
- Conducting P&L Review meeting with other Departments Head & GM
- Ensuring all financial regulations are met as per Company SOP of internal control
- Assisting our Group Finance Controller in preparing capital reviews as required by the General Manager and Head Office
- Motivating & Training the Finance team members to ensure smooth operation and to ensure succession plans are in place
- Developing financial awareness within the HOD and Staff members
- Implementation of Internal Control Procedures, Planning & Conducting Internal Audits
- Responsible for all the functions in accounts department & Month end closing transactions
- Assisting and providing financial guidance in the formulation and implementation of Strategic plans, budgets and KPI's (Key performance indicators)
- Following up on all capital expenditures to ensure compliance with original justification and approval
- Having Knowledge of IHG systems and processes.
Corporate Accountant -Promoted
Kempinski Hotel SA-Geneva
11.2010 - 11.2013
- Promoted to the Operation of setting up Corporate Office - Dubai Branch
- Reporting to the Corporate Director of Finance & Vice President of Finance
- Successfully implemented Dubai Branch-Operation and handling Day to Day operation independently
- Preparing monthly P & L & Balance Sheet
- Distributing Departmental Expenses to the respective department as per monthly generated Income & Expense Report
- (S&M, Development, Techserve, Reg Operations’ IT & HR)
- Reconciling Balance Sheet Accounts against Back Office System with reconciliation software
- Coordinating with subsidiaries to reconcile and match inter-company/ Supplier accounts
- Maintaining the Fixed Asset Register & Running the Depreciations in FFA&E -Capex
- Maintaining Proper Schedules for Prepayments & Accrual
- Processing and Verifying invoices as per SOP, performing data entry, arranging and reconciling international Payments, Preparing the Payroll on Monthly Basis, Reconciling and ensuring accounts are up to date, executing Accruals and Prepayments, providing accounting assistance to all departments, producing monthly reports and managing month end closing
- Issuing Management Invoices & Distributing Back charging Invoices based on participating Hotels relevant to the incurred Expenses
- Ensuring Payment Collection on-time as per Aging
- And Following up Weekly collection calls, monitoring irregularities, conducting account research and analysis, preparing various reports, maintaining an accurate ageing report, identifying and executing necessary process further
- Managing Staff Expense Claim on Online Expense Point Software
- Analyzing the Technical Service Expense for new Pipeline Projects
- Maintaining Annual Maintenance contracts and assisting in regional work for reporting and Updating data’s on MPC Systems
- Assisting for Annual Budget & Year End Audit Programmed
- Assisting Hotel related duties for the regional office for the VP Finance & Regional Finance Manager.
Regional Accountant -Promoted
Kempinski Hotels Regional Office
07.2010 - 11.2010
- Analyzing the Technical Service Expense for Pipeline Projects
- Invoicing to Intercompany Hotels and following up the Payments
- Maintaining Regional Staff Payroll & Expense Claims
- Maintaining Annual Maintenance contracts and assisting in regional work for reporting and Updating data’s on MPC Systems
- Assisting for Annual Budget & Year End Audit Programmed
- Assisting Hotel related duties for the regional office for the VP Finance & Regional Finance Manager
- Handling Additional Tasks up on requirements.
General Accountant -Promoted
Kempinski Hotel Ajman
11.2008 - 07.2010
- Assisting the Chief Accountant/ Asst Financial Controller in managing company accounts
- Supervising Accounts Payable & Assisting Accounts Receivable
- Supervising Gen Cashier Transactions & Assisting for Bank Recon
- Verifying Invoice postings from store/receiving on daily basis
- Perform periodical Float Check/Inventory to control all hotel Floats/Assets
- Monitoring Cash Flow statements on a daily basis
- Reconciling Supplier Ledger & General Ledger Balance
- Maintaining Annual Maintenance contracts
- Performed as an outlet cashier in the Ramadan tent
- Handled Night Audit for Leave Place
- Undertaken the role of acting Credit Supervisor when required
- Managing intercompany accounts and Fixed Asset reports
- Assisting our regional Office related works
- Updating data on Corporate MIS -MPC Systems
- Attending Monthly P & L review
- Coordinating with Purchasing Department for AMC Review
- Assisting during the Auditing for Internal & External Auditors.
Pay Master
Seashell Hotel
05.2007 - 11.2008
- Handling daily cash collections and payments
- Banking the collection of Cash/Cheque/ Foreign Currency from Front Office and other outlets as per daily sales collection report daily
- Payments of Petty expenses as per Hotel Standard Operating Procedure
- Documentation of daily collection, banking and Payment
- Prepare on daily and periodical basis reports of Collection and banking, Foreign Exchange gain or Loss, and daily collection Excess/Shortage etc
- Disbursement of Cash Salary
- Routine Float checking in all outlets
- Handling Payroll for all staff salary on payday
- Invoice Booking in the Back Office System & Verifying against LPO
- Managing Payables for supplier payments as per the Invoice within the due date
- Preparing cheques for the staff vacation payment and petty cash etc
- Preparing Bank transfer (T/T) for International Payment.
General Cashier -Promoted
Le Meriden Al Aqah Beach Resort
04.2005 - 05.2007
- Handling Daily cash collections and payments
- Banking the collection of Cash/Cheques/Foreign Currency from Front Office and other outlets as per daily sales vs
- Credit collection report on a daily basis
- Payment of petty expenses as per the Hotel’s Standard Operating Procedure
- Documentation of daily collection, banking and payments
- Prepare on daily and periodical basis reports of collection, banking, Foreign Exchange gain or loss, and daily collection, excess/Shortage etc
- Disbursement of Cash Salary
- Routine Float Checking in all outlets
- Assisting Payroll Officer and Management Accountant for Month end processes.
Storekeeper / Receiving Agent
Le Meridien Al Aqah Beach Resort
11.2002 - 04.2005
- Daily receipts and issues of materials as per the Hotel’s Standard Operating Procedure
- Documenting daily receipts/issues and other information/reports required by the F & B Controller
- Maintaining stock at maximum availability level
- Handling inventory in Food and Beverage, General and Engineering Store
- Preparing purchase request/orders by maintaining par/minimum stock level
- Periodical Inventory in all stores, F & B outlets, Kitchen and other areas
- Prepare periodical Management Information Reports such as Inventory variance (Shortage/Overage Report), Short Expiry items report, Slow Moving/Nonmoving items reports etc
- Maintain Operating Supplies Cutlery, Crockery, and Glassware in the store
- Ensure High-level hygiene and sanitation is always maintained in the store.
Education
Certification – Hotel Real Estate and Asset Management -
E Cornell University
Ithaca, New YorkMaster of Commerce (M.Com) - undefined
Madurai Kamaraj University
Tamil Nadu, IndiaBachelor of Commerce (B.Com) - undefined
Monomaniam Sundaranar University
Tamil Nadu, IndiaHigher Secondary School Certification-Accounting Major - undefined
Holy Redeemers Higher Secondary School
Tamil Nadu, IndiaPursuing - CMA -
Emerge Management Studies
10.2024
Skills
MS Office Word/Excel/ PowerPoint
Power BI
SAP Accounting Software / SAGE
JD Edward /GIMA/GICA/HUBBLE
Micros / FMC
Fidelio / FO-Fidelio / OPERA
Sun - VISION / Lattice Back-office Software system
ACCPAC Back-office Software system
SCALA Back-office Software system
Filosof – Fibu – AP & GL Back Office
Filosof – Fakt - AR Back Office
Filosof- Anbu - Capex Back Office
Blackline – Reconciling Online Application
Expense Point – Employees Expense Claim Online Application
Computerqualification
Diploma in Computer Science (D.C.S), Aptech Computers, Tiruchendur, Tamil Nadu, India, 2001-2002
Achievementsandactivities
- Successfully Implemented & Streamline for Dubai Branch Corporate Office-MEA
- Nominated and won the Employee of the Month-LMAA for April 2004 & June 2006
- 'A' Grade' In B Certificate Examination of National Cadet Corps Examination (Naval wings)
- Certified First Aider -2014
- Participated in Athletics and Games, quiz in university and Hotel Level
- Gained experience as Night Auditor/Credit Supervisor/Payable Supervisor/Sr. Accountant
- Trained in Kempinski Corporate Office –Geneva
- Effective Management of Accounts, Reporting MIS, Corporate Reconciliation Procedures, Fixed Assets Register Maintaining, Handling Accounts Receivable between Branches, Preparations of payment Proposal Online for Accounts Payable, Month end closing Procedures, Softwares – Filosof – Fakturierung-Anbu-Fibu – Black Line / Expense Point
References
Mr. Joseph Kalaraikal, Cluster Finance Controller, ALOFT Hotels, Dubai, UAE, 050 710 54 72
Training
- Commitment to Excellence
- Grooming standards
- Guest satisfaction
- Fire & Safety
- First Aid
- Team building
Personal Information
- Passport Number: S 8779333
- Passport Place Of Issue: Dubai, UAE
- Nationality: Indian
- Driving License: U.A.E Valid License and International Driving permit
Timeline
Asst Finance Controller
Staywell Hospitality -Park Regis Kris kin Hotel
07.2019 - 04.2023
Asst Finance Manager / Senior Accountant
ESAG Group - Real Estate Division
09.2017 - 06.2019
Financial Analyst & Operations
DAMAC Hospitality
02.2015 - 07.2017
Chief Accountant
Holiday Inn Express Hotel-DIC
12.2013 - 01.2015
Corporate Accountant -Promoted
Kempinski Hotel SA-Geneva
11.2010 - 11.2013
Regional Accountant -Promoted
Kempinski Hotels Regional Office
07.2010 - 11.2010
General Accountant -Promoted
Kempinski Hotel Ajman
11.2008 - 07.2010
Pay Master
Seashell Hotel
05.2007 - 11.2008
General Cashier -Promoted
Le Meriden Al Aqah Beach Resort
04.2005 - 05.2007
Storekeeper / Receiving Agent
Le Meridien Al Aqah Beach Resort
11.2002 - 04.2005
Finance Controller / Manager
Majid Al Futtaim Corporate Office
5 2023 - Current
Certification – Hotel Real Estate and Asset Management -
E Cornell University
Master of Commerce (M.Com) - undefined
Madurai Kamaraj University
Bachelor of Commerce (B.Com) - undefined
Monomaniam Sundaranar University
Higher Secondary School Certification-Accounting Major - undefined
Holy Redeemers Higher Secondary School
Pursuing - CMA -
Emerge Management Studies
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