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About Muhammad Haider

  • Academic Level Master’s Degree
  • Age 28 - 32 Years
  • Gender Male
  • Industry Finance
  • Nationality Pakistani

About me

Business acumen offering more than 10 years of experience in accounts & finance profession in diversified industries including hospitality/hotels, real estate, event management and media tech company.

Specialized in new project management from start up to establish & implement new policies, procedures and SOP’s, and to achieve organizational goals.

Self motivated and dedicated personality with proven success record. A highly successful finance team player with excellent knowledge of financial reporting and accounting.

Easy going nature and proven ability to coordinate with all stakeholders.

Education

  • 2009 - 2012
    Virtual University of Pakistan

    MBA Finance

    Master of Business Administration MBA Specialized in Finance

  • 2007 - 2009
    University of the Punjab

    B.com

    Bachelor of Commerce

Experience

  • 2020 - 2021
    Aryana Hotel 4* & Sahara Beach Resort & Spa 5*

    Financial Controller

    • Managed complete spectrum of accounts & finance department, and led the accounting team to establish and implement finance policies, procedures and SOP’s to obtain organizational goals. • Coordinated with HODs to prepare budgets and forecast to track profit & loss performance by each business unit • Analyzed costs, pricing, variable contributions, sales results and the company’s actual performance compared with business plans • Performed month end closure reports like profit & loss, rolling forecast and balance sheet • Successfully submitted monthly and quarterly municipality and VAT (Value added Tax) returns • Ensured that the guests have best possible experience by trouble shooting and resolving all billing related disputes • Prepared and managed revenue and expense budgets, cash flow and expenditure • Conducted and supervised weekly & monthly credit meeting to review outstanding payments • Engaged with company's internal & external auditors to comply with company's audit & statutory requirements • Finance department restructuring and implementation of finance policies and procedures as per IFRS standards • Managed all phases of accounts payable, receivable and department budgets, negotiating of annual contracts, cost and internal controls. • Prepared financial statements, analytical reports and comparative analysis • Provided direction to the night audit team to ensure proper revenue reporting • Reviewed all ledger details guest ledger, city ledger and deposit ledgers to validate proper payment and revenue posting • Forecasted cash payments and anticipating challenges arising from limited cash flow Achievements: • 2021 – Successfully achieved interim budget plan for Q1 and Q2 for FY 2021 • 2021 – Recovered bad debts of 300K from tours operators • 2020 – Saved 100K on service contracts by negotiating & updating terms with suppliers • 2020 – Reduced food and operational cost by 7% for Aryana Hotel & Sahara beach Resort

  • 2018 - 2020
    Sahara Beach Resort & Spa 5*

    Financial Controller

    • Led the team in pre-opening of Sahara Beach Resort & Spa 5* and managed contracts, licenses, policies & procedures, setting up chart of accounts • Prepared annual budgets and business plan based on detailed analysis of actual and forecasted business performance according the management guidelines • Prepared monthly & annually MIS like income statement, variance analysis and balance sheet • Prepared reconciliation with banks, vendors and sister concerns on monthly basis • Chased late payments, reporting bad debts and keeping a careful eye on the cash flow • Vast experience of debtors and creditors management, department budgets, negotiated annual contracts, and insurance policies • Engaged with company's internal & external auditors to comply with company's audit • Managed and processed payroll through WPS on timely basis • Managed and controlled overall purchase and procurement • Integrated the inventory tracking system with ERP based Intellectual Data system (IDS) and successfully reduced average inventory variance Achievements: • 2019 – Saved 200K in utilities and energy expenses at Sahara Beach Resort & Spa • 2019 – Reduced 30% of laundry cost by establishing & implementing new laundry polices • 2018 – Successfully completed B2B contracts and added 580K as additional revenue by following typical calculations of the contracts • 2018 – Saved 300K Pre-opening Project Cost in FF&E and OS&E during Pre-opening of Sahara Beach Resort & Spa 5* • 2018 – AED 100K increased in revenue by highlighting rental spaces and beach revenue potential

  • 2017 - 2018
    Aryana Hotel 4*

    Internal Controller

    • Appointed as internal controller by Kaloti Real Estate to look after the hotel procedures, optimize cost and operational efficiency • Implemented cost saving measures not limited to Food & Beverages department but other departments as well and saved a substantial amount of cost • Played a key personnel role by liaison between the owning company and the new hotel management • Assisted the management for new plans and project costing, risk and output calculations to ensure the smooth execution of plans and to optimize the profitability. • Assisted finance manager in budgeting, business plans, formulation of SOPs and financial policies • Provided direction and trainings to hotel operational staff related to finance , internal controls, labor management • Verified and audited payments of suppliers and vendors and make sure all the SOP’s and policies has been followed • Supervised the cash collection, reconciliation and submission process and make sure the cash has deposited in bank on time • Verified the commission % & payments of travel agents and online booking engines • Monitored hotel inventory procedures and verified physical and system inventory time to time • Pointed out the potential opportunities in the property like rental spaces and structural modifications to increase revenue • Assisted Finance Manager for preparations of external & municipality audit for FY’2017 Achievements: • 2017 – AED 90K saved in various service contracts by negotiating at best rates compared to prevailing market prices • Successfully achieved FY 2017 expense budget with 9.5% reduction in total expenses • 2017 – 20% saved in utilities by cost awareness program implementation, sensors installation • Awarded for “Creative & innovative work” in year 2017

  • 2014 - 2013
    Active Media

    General Accountant

    • Successfully lead accounting team of 2 to obtain organizational goals • Managed project costing and distribute funds in line with allocated budget for each project • Formulated various reports like project profitability, income statement, variance analysis • Managed complete spectrum of accounts receivables and payables • Took various measures such as upgraded the payment & invoices on time and systemized the daily recording of transaction in accounting books and enhanced the monthly reconciliation process from 20 to 7 days

  • 2013 - 2016
    Kaloti Real Estate

    Senior Accountant

    • Managed general accounting, debtors and creditors management, general ledger, bank reconciliations and finalization of accounts • Assisted Finance Manager in the formulation of SOPs and financial policies for business growth • Directed the entire cash flow operations regarding cheque (PDCs), cash management and deposit in bank on time • Managed & reconciled vendors’ account and cleared the payments by optimizing cash flow • Assisted in preparation of monthly payroll in compliance with WPS, computed leave salary and end-of-service benefits according to local labor law. • Formulated budgets and implemented systems / procedures, conducted the analysis, organized key reports to exercise financial control and enhance the overall efficiency of the organization Achievements: • 2016 – Played key role to acquired Aryana Hotel 4* & Residence Sharjah and added in portfolio of Kaloti Real Estate • 2015 – Successfully established and implemented purchase, control, issuance and consumption policies and procedures for building material • 2014 – Supervised and Managed AED 200 million project of acquiring new building and added in Kaloti Real Estate portfolio

  • 2009 - 2011
    Medialogic Pakistan

    Accounts Officer

    • Successfully examined and resolved the issues related to telecom corporate bills that led to refund of PKR 1,000,000 from the service provider • Managed payments to international suppliers • Prepared monthly bank reconciliation statement • Submitted monthly and annual sales and income tax Returns • Liaison with banks and managing all banking matters • Administered regional office expenses in line with allocated budgets and formulating weekly variance analysis

Expertise

Budgeting and Forecasting
Cost & Risk Management
MIS Reporting & Management Accounting
Financial Accounting and Financial Analysis
Revenue Recognition
Bookkeeping and reconciliations
Internal Audit and Internal Controls
Leadership
Interpersonal and Strong Communication Skills
Strategy and Innovation
Excellent problem solving
Analytical Skills
Areej Real estate, ERP IDS, Quick books, Oracle
MS Office (word, excel, PowerPoint)
Excel spreadsheets

Languages

English
Proficient
Urdu
Proficient
Arabic
Beginner

Honors & awards

Skills

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