Hazrat Bilal
Tabuk, Neom,Saudi Arabia
Summary
Offering strong analytical skills and a keen eye for detail with more than 8 years of experience combined with a solid foundation in financial management. Knowledgeable about budgeting, cost analysis, and data interpretation, with strong communication and teamwork abilities. Ready to use and develop skills in financial analysis, budgeting, and cost management.
Overview
9
9
years of professional experience
Work History
Budgeting & Senior Cost Controller
Joel Robuchon
Sindalah Island, Neom, Neom
04.2024 - Current
- Created and implemented cost control, wastage, discount, complimentary, and inventory management policies
- Developed and updated pre-opening budgets for seven luxury restaurants
- Developed and submitted the operating budget for all restaurants for the year 2025
- Developed and submitted the 5-years business plan for all restaurants for the year 2025
- Calculating the estimated expected food costs for all restaurants
- Leading the cost control, inventory, and procurement teams
- Prepared and submitted the chart of accounts to the Neom team
- Sourcing products from various suppliers and managing the procurement process
- Leading and managing the cost, inventory, and procurement teams
- Investigation and tracking of the high wastage and variance
- Preparing consolidated reconciliation and wastage reports for seven restaurants
- Creation and added items (SKU) and recipes in the inventory system
- Developing POS keys and linked them with correct recipes to deplete stock
- Supervision spot checks and stock takes
- Updating and preparing the budget post-opening
- Tracking SPH and preparing meaningful reports for top management
- Reviewing and preparing performance reports for each restaurant with recommendations
- Conducting menu engineering analysis and preparing consolidated reports for top management with the recommendation.
Cost Analyst & Inventory Controller
Majid Al Futtaim
05.2022 - 04.2024
- Collected, analyzed, and managed quantitative data and created meaningful reports to lead business improvements and cost reduction to maximize overall profits
- Analyze the data and recommending strategies and policies that guide the organization and improve competitive position
- Cost validation for new products/menu launching and creating a POS setup
- Responsible for month-end financial analysis of concepts/menu and recommendations
- Reviewing and analyzing the overall concepts monthly P&L and preparing the reports and presentations with cost reduction recommendations
- Supervise the month-end stock take for both countries and reconcile the data before the month-end closing
- Spot and month-end auditing of different sites
- Investigate the unwanted variance and submit the reports to the top management
- Ensure the payments to vendors and trace the due payments with the finance and inventory team
- Analyzing, calculating, and recovering expected losses when vendors are out of stock
- Responsible for preparation of monthly consolidated variance and wastage reports with justifications for KSA and Bahrain region and presenting them to the UAE team
- Responsible for the preparation of forecasts for KSA and Bahrain
- Supervise and manage 40 cost centers for KSA and Bahrain
- Supervise and manage the day-to-day inventory transactions for KSA and Bahrain
- Leading a team of 18 Inventory supervisors in KSA and Bahrain.
Reporting & Budgeting Analyst
Safari Group
03.2020 - 04.2022
- Preparation of projected cash flows for new and existing projects to get the bank facilities and present to the top management
- Monitor SAR 1,600M budget for various projects
- Review, analyze, and verify budget proposals
- Oversaw project's cashflows and expenditures
- Prepare, analyze, and review the budget year 2022 and present to the management committee and board
- Performed and analyzed the variance reports for all projects and presented to the CFO
- Meetings with respective departments for budget deployment and accuracy
- Play a major role in developing budget, forecast, and 3-5 years business plan
- Generated monthly reports and supported the CFO
- Monitor and review GL and recommendations to the accounts department
- Performed internal audits for the various projects
- Preparation of audit reports with recommendations and presented to the partners
- Engage with internal auditors and lead the internal auditor’s team during audit
- Ad hoc reporting, trending, and analysis, and financial projections.
Senior Accountant & Auditor
Vision Consulting
Islamabad
09.2018 - 11.2019
- Preparation of Trial Balance for the year-end
- Responsible for preparing financial statements for various clients for the year-end under the applicable IFRS
- Reconciliations of bank, debit, and credit card statements
- Bookkeeping on Xero and QuickBooks for different UK-based companies
- Preparation of sales tax (VAT) returns for UK-based companies as per cash and accrual concept under HMRC rules and regulations
- Preparation of personal tax returns for UK-based individuals
- Performed bank and credit card analysis to classify income and expenses for financial statements, VAT, and personal tax returns
- Monitor and review junior staff assignments
- Overall planning of audits, conducting initial planning meetings with clients to understand & co-develop expectations, after assessing the underlying audit risks in the light of the assessment of the client's overall control environment.
Audit Supervisor
Asad Ijaz & Co
Islamabad
04.2016 - 08.2018
- Involvement in planning, execution, and finalization of the audit assignment supporting team
- Preparation of trial balance and financial statements for audit
- Identify highly risky areas in the trial balance and trace those areas as per the materiality level
- Supporting the Executive or Manager by Attending meetings and interviews with the client's staff for internal control verifications and observation
- Perform audit procedures to verify company assets and liabilities such as confirmations and inspection of documents
- Lead and monitor junior staff
- Preparation of fixed assets registers and physical verification of fixed assets and additions
- Inspection, verifications & review of client cash flows as per international auditing standards
- Preparation of audit files and vouching of assets and expenses.
Education
Chartered Accountant -
ACCA
Skills
- Preparation of financial statements
- Budgeting and reporting
- Financial analysis and financial projections
- Pre-opening budget
- Operational budget
- Business Plan & financial projections
- Cash flow management
- Auditing and compliance
- Account reconciliation
- Bookkeeping
- Inventory management
- Cost management
- Periodic closing
- Submission of VAT returns
- Leadership
Languages
English
Proficient (C2)
Urdu
Proficient (C2)
Arabic
Intermediate
Timeline
Budgeting & Senior Cost Controller
Joel Robuchon
04.2024 - Current
Cost Analyst & Inventory Controller
Majid Al Futtaim
05.2022 - 04.2024
Reporting & Budgeting Analyst
Safari Group
03.2020 - 04.2022
Senior Accountant & Auditor
Vision Consulting
09.2018 - 11.2019
Audit Supervisor
Asad Ijaz & Co
04.2016 - 08.2018
Chartered Accountant -
ACCA
Similar Profiles
Murtza KhanMurtza Khan
Floor Supervisor/Head Cashier at Le-Sunset by Joel Robuchon (NEOM)Floor Supervisor/Head Cashier at Le-Sunset by Joel Robuchon (NEOM)
SHAO - QIANG JIANSHAO - QIANG JIAN
Fine Dining Server at L'Atelier De Joel RobuchonFine Dining Server at L'Atelier De Joel Robuchon
Jeremiah FarrellJeremiah Farrell
Line Cook (Internship) at L'Atelier De Joel RobuchonLine Cook (Internship) at L'Atelier De Joel Robuchon