Vikram Rai
Cluster Director of Finance
Dubai,Dubai
Summary
SNAPSHOT Profile Summary Overview Highly accomplished, results-driven Cluster Director of Finance over twenty (20) years of diverse working experience in Hotel Real Estate Investments & Asset Management, Business Development, Team Management, Hotel Industry, Financial Management, and Project Management. Looking forward to be a part of an organization in the roles of Cluster Financial Controller, Director Finance, Finance Head, CFO. Proficient in all aspects of accounting, including accounts payable and receivable, budget administration, and payroll. Experienced in a broad range of business activities, including finance and accounting, operations, and human resources. Well-versed in producing reports, evaluating department operations, and handling month- and year-end closings. Proven track record in hotel management, focused on financial planning, debt financing, and cash flow monitoring. Key Achivements Detail Successfully did pre-opening for 5 hotels in India & Middle East while implementing policies & procedures and financial accounting with planning for cash flow. Obtained international experience from India, Maldives & the Middle East in communication skills and the scope of strategic & operational management. Expert in communicating financial information to non- finance colleagues. Managing key financial services by using knowledge of databases, process optimization, financial management, payment processing, and critical business transactions. Maintaining conclusive success to meet the needs of hotel owners and delivering against critical business metrics. Obtained technical accounting, commercial and managerial experience through senior finance & commercially focused positions. Handled both automated and manual financial and accounting reporting systems.
Overview
26
26
years of professional experience
1
1
Language
3
3
years of post-secondary education
Work History
Cluster Director of Finance
Khamas Group of Investment
Dubai
08.2019 - Current
- Reporting to MD - Hospitality, CFO & Owner)
- Leading and forecasting the financial operations of the hotel while managing assets and preparing all financial reports in accordance with International Financial
- Reporting Standards (IFRS & USALI)
- As a financial advisor, granting financial support, guidance, and proficiency to the owners and hotel management team to maximize revenue & profitability., Management, Financial Reporting, Consolidation
- Financial Analysis, Financial Portfolio Forecasting
- Preparation of Financial Policies, Strategic
- Planning & Analysis.
Group Financial Controller
Gulf Court Hotel Business Bay
Dubai
11.2018 - 08.2019
- Pre-Opening Team (Reporting to Chief Financial Officer & Group General Manager), Enrolled with strategic planning, financial data, market trends, and implemented a method of controls to manage business risks
- Evolved and managed finance & accounting goals, assisted, and submitted reports on time
- Managed projects, policies, taxes, and established property strategy from a finance & accounting perspective
- Forecasted and delivered on the needs of stakeholders, owners and met the ROI (Return on investment) expectations as well as managed human resource activities.
Director of Finance
Bahi Ajman Palace Hotel
01.2013 - 10.2018
- Pre-Opening Team (Reporting to Chief Financial Officer & Cluster General Manager) led and managed the accounts department while collecting financial information to prepare monthly and annual reports., Ensured that financial records are maintained in compliance with accounting policies and procedures
- Managed and supported the budget, forecast activities, financial audit process, and ensured the analysis of revenues & expenses
- Developed efficient use of resources, provided strategic recommendations and solutions to business and financial problems.
Resident Manager
Coral Suites Hotel
Fujairah
05.2011 - 12.2012
- Handled customer complaints, launched service recovery procedures, and ensured the highest level of customer services in all operational departments
- Developed and implemented an effective benchmarking system for the continuous improvement of operations and to increase profitability
- Conducted meetings, presented reports to owner & management, and rendered information within the departments
- Introduced new concepts and ideas to develop guest services in all areas.
Financial Controller
Coral Suites Hotel
Fujairah
09.2008 - 04.2011
- Accountable for the property's overall accounting and financial management
- Liaised with the general manager, managing director, and owners in meeting the strategic goals
- Prepared and reviewed annual budgets, monthly forecasts, and operating results.
Unit Controller (Chief Accountant)
Al Manzil & Qmardeen Hotels LLC, EMAAR Group
04.2006 - 10.2007
- Prepared month-end financial reports and managed P&L statements
- Assisted the financial controller in the day to day operations of the department
- Recorded, classified, and summarized financial transactions and events in accordance with generally accepted accounting principles and financial reporting standards.
Payroll Officer
Only Royal Mirage Hotel
12.2004 - 03.2006
- Handled payroll calculation for 1,500 staff members
- Successfully changed the Payroll system from Scala to Oasys payroll system.
Cost Controller (Assistant Accountant)
Coco Palm Dhuni Kolhu Resort
12.2001 - 12.2004
- Handled day-to-day operations of the accounts department
- Accountable for cost control included planning, developing, controlling, and forecasting budget.
Accounts Assistant
The Leela Palace
Bangalore
03.2001 - 10.2001
- Overseen accounts payable and maintained procedural documentation.
Audit Assistant
Picardo & Co. Chartered Accountants
04.1998 - 03.2001
- Conducted the financial audit and prepared financial reports
- Conducted financial and tax audit for Leela Group of Hotels.
Education
Diploma - Asset Management
Hotel Real Estate Investments
Cornell UnivercityMBA - Business Administration (Finance)
Kerala Unvercity
IndiaChartered Accountants Firm -
Chartered Accountant
Mumbai, IndiaBachelor of Commerce - Finance & Economics
Mangalore Univercity
Mangalore 1995 - 1998
Skills
- TECHNICAL SKILLS
- Finance & Accounts
- Budgeting, Cost-Benefit Analysis, Cost Reduction
- Cash Flow Management, Fixed Assets
- Business Development
- Revenue development, Performance goals, Cost
- Management, Quality assurance & control Account
- Management, Training and development
- Technical support, Client acquisition, Project
- Management, Operations management
- Audit & Assurance
- Risk Assessment & Mitigation, Policies &
- Procedures, Continues Process Improvement
- Audit Planning, execution & finalisation, Internal
- Controls
- SKILLS
- Effective leader Strategies and goals
- Exceptional interpersonal communication
- Cross-functional team management
- Conflict resolution & problem solving
- Professionalism & strong work ethics
- Employee development Adaptability
- Customer service-oriented Proactive
- Deadline-oriented Efficient multi-tasker
- Attention to detail Goal-oriented
- Negotiation & persuasion
- Trustworthiness
- IT SKILLS
- MS Office
- Expert
- MS Word, MS Powerpoint, MS Excel, MS Outlook
- Work Related Packages
- Oracle, Net Suite ERP, Sun System, HR Net, IDS, Opera
- Micros POS, Fidelio Material Control, Pro logic , Sky
- Jana & Bayan
- PERSONAL DETAILS
- Availability/Notice Period: 60 Days
- Nationality: Indian
- Marital Status: Married
- Driving License: UAE
Accomplishments
- Won Best employee of all Coral Hotels for consecutive two years 2008 & 2009
- Employee of the Month from Al Manzil & Qamardeen (
- April 2007)
- Best New Employee of the year from One & Only
- Royal Mirage (2005)
- Best Employee for the month from Coco palm Resort & Spa (May 2003)
- Best Student of National Service Scheme in MSRS
- College, Shirva.
References
REFERENCE
Reference will be furnished upon request.
Work Preference
Work Type
Full TimeWork Location
On-SiteImportant To Me
Career advancementWork-life balanceCompany CultureTimeline
Cluster Director of Finance
Khamas Group of Investment
08.2019 - Current
Group Financial Controller
Gulf Court Hotel Business Bay
11.2018 - 08.2019
Director of Finance
Bahi Ajman Palace Hotel
01.2013 - 10.2018
Resident Manager
Coral Suites Hotel
05.2011 - 12.2012
Financial Controller
Coral Suites Hotel
09.2008 - 04.2011
Unit Controller (Chief Accountant)
Al Manzil & Qmardeen Hotels LLC, EMAAR Group
04.2006 - 10.2007
Payroll Officer
Only Royal Mirage Hotel
12.2004 - 03.2006
Cost Controller (Assistant Accountant)
Coco Palm Dhuni Kolhu Resort
12.2001 - 12.2004
Accounts Assistant
The Leela Palace
03.2001 - 10.2001
Audit Assistant
Picardo & Co. Chartered Accountants
04.1998 - 03.2001
Bachelor of Commerce - Finance & Economics
Mangalore Univercity
1995 - 1998
Diploma - Asset Management
Hotel Real Estate Investments
MBA - Business Administration (Finance)
Kerala Unvercity
Chartered Accountants Firm -
Chartered Accountant
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