Summary
Overview
Work history
Education
Skills
Languages
Timeline
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Sanauddin Shakir

Sanauddin Shakir

Fujairah,United Arab Emirates

Summary

Financial Accountant with over 5 years of progressive experience in the hospitality sector, specializing in the hotel industry. Proven expertise in financial management, reporting, and strategic planning. Possessing an MBA, I bring a strong analytical mindset and a track record of implementing effective financial strategies to drive business success. Adept at optimizing revenue, controlling costs, and ensuring compliance with industry regulations. Proven ability to collaborate cross-functionally, providing valuable insights to support decision-making at the executive level. Seeking to leverage a blend of financial acumen and industry-specific knowledge to contribute to the success and growth of a dynamic hospitality organization.

Overview

4
4
years of professional experience
5
5
years of post-secondary education

Work history

Cluster General Accountant

Time Moonstone Hotel Apartments
Fujairah, United Arab Emirates
05.2023 - Current
  • Managed daily cash transactions with a high level of accuracy, ensuring compliance with established procedures.
  • Effectively managed petty cash funds, ensuring accurate recording and tracking of all transactions.
  • Systematically organized and prepared cash and cheque deposits for weekly submission to the bank.
  • Conducted detailed reviews of revenue categories to identify discrepancies and ensure accuracy in financial reporting.
  • Prepared comprehensive daily revenue reports, summarizing key financial metrics and performance indicators.
  • Conducted periodic audits to validate the accuracy of front office reports and compliance with accounting standards.
  • Managed the accounts payable function, overseeing the processing and payment of invoices within specified timeframes.
  • Maintained accurate records of vendor transactions and established strong relationships with key suppliers.
  • Implemented a systematic approach to prioritize and schedule payments to ensure timely settlement of liabilities.
  • Ensured timely payment of government taxes ( Municipality fees & TD fees ) to avoid penalties and maintain compliance.
  • Managed the prompt settlement of utility bills, including internet charges (e.g., Etisalat) and electricity fees (e.g., FEWA).
  • Developed and maintained a comprehensive accruals schedule, ensuring accurate recognition of expenses in the financial statements.
  • Managed prepaid expenses, tracking amortization schedules and adjusting entries to reflect accurate financial positions.
  • Conducted detailed analyses of the Profit and Loss statements to assess financial performance against organizational goals.
  • Conducted regular comparisons between actual expenses and budgeted figures to identify variances and areas for corrective action.
  • Created quarterly and yearly balance sheets to track financial trends and performance.
  • Prepared and presented comprehensive financial reports detailing P&L performance, including variance analysis and budget reconciliation.
  • Prepared monthly bank reconciliations and compiled reports for financial reviews.

Cluster Accounts Receivable

Time Onyx Hotel Apartments
Dubai, United Arab Emirates
09.2021 - 04.2023
  • Managed end-to-end accounts receivable processes, from invoicing to collections, ensuring timely and accurate transactions.
  • Reconciled customer accounts and resolved any billing discrepancies in a timely manner.
  • Conducted regular reconciliations of credit card transactions to ensure accuracy and completeness.
  • Proactively collected advance payments from arrival groups to secure reservations and streamline the check-in process.
  • Worked closely with the front office team to identify and address outstanding high balances for individual guests or groups.
  • Regularly prepared detailed accounts receivable aging reports, providing a comprehensive analysis of outstanding receivables.
  • Conducted monthly credit meetings with the management to present the financial status of accounts receivable aging.
  • Managed all aspects of bank-related tasks, including deposits, withdrawals, and account reconciliation.
  • Collaborated with credit card companies to address chargebacks, disputes, and other transaction-related issues.
  • Managed and oversaw the accounts receivable function for Time Onyx and Time Moonstone, ensuring accurate and timely transactions.
  • Contributed to the preparation of financial statements by providing accurate and up-to-date accounts receivable information.

General Accountant

Hotel F-One Park Front
Hyderabad, India
11.2019 - 06.2021
  • Played a key role in purchasing activities, including vendor negotiations, procurement, and order processing.
  • Implemented cost-saving measures by negotiating favorable terms with vendors and identifying alternative suppliers.
  • Effectively managed cash handling processes, including daily cash reconciliation and balancing.
  • Conducted regular cash counts to verify accuracy and maintained detailed records of cash transactions.
  • Collaborated with front office staff to address customer inquiries, resolve issues, and enhance overall customer satisfaction.
  • Assisted the front office in various tasks, providing support during peak periods or when additional assistance was needed.
  • Managed all bank-related tasks, including deposits, withdrawals, and account reconciliations.
  • Contributed to the preparation of financial reports by providing accurate and up-to-date information on cash transactions, purchasing activities, and bank-related tasks.
  • Collaborated with department heads to understand business objectives and provided financial perspectives to support strategic planning.

Education

Bachelor of Commerce -

Osmania University
Hyderabad
06.2013 - 07.2016

Master of Business Administration - Finance

Deccan School of Management
Hyderabad
08.2016 - 06.2018

Skills

  • Budget analysis
  • Expense reporting
  • Account reconciliation processes
  • Revenue generation
  • VAT returns
  • Accounts Payable and Receivable (AP/AR)
  • Payroll processing
  • Month-end processes
  • Bank Reconciliation
  • Financial Statements
  • Internal Audit
  • MS Office
  • Protel Software
  • Sun Systems
  • Prologic First


Languages

English
Advanced
Urdu
Native
Hindi
Native
Telugu
Advanced

Timeline

Cluster General Accountant

Time Moonstone Hotel Apartments
05.2023 - Current

Cluster Accounts Receivable

Time Onyx Hotel Apartments
09.2021 - 04.2023

General Accountant

Hotel F-One Park Front
11.2019 - 06.2021

Master of Business Administration - Finance

Deccan School of Management
08.2016 - 06.2018

Bachelor of Commerce -

Osmania University
06.2013 - 07.2016

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Sanauddin Shakir