Advise about strategies
Analyse operational excellence
Aid in research and development
Advise in operator selection
Counsel in hotel management agreements
Aid in financing for acquisition and construction processes
Was responsible for the financial and operational performance of 9 companies; 6 hotels, 2 marinas and 1 luxury goods retail company that runs 9 stores.
Directly reporting to the CEO and the Board of Directors. Supervised the finance, tax and accounting, budgeting and reporting, internal control and IT team of 45 people.
Executed the development of new hotel projects starting from the business plan preperation and financing arangements through project monitoring phases.
Performed operational controls for hotels and impact analysis for major operational decisions and reviewed their outcomes.
Supervised the annual hotel capital expenditure cycle.
Managed the operational cash flows at daily, annual and bi-annual levels.
Reviewed the accounting records made by the accounting team for management and statutory reporting purposes and finalized them for statutory filings and BoD presentations.
Carried out an effective tax planning process co-working with the tax consultants.
Reviewed the budgets prepared by the budgeting team and finalized them with BoD and monitored the forecasts versus actual performance.
Supervised the internal control procedures in terms of operational and statutory compliance.
Carried out the correspondences and negotiations with the hotel operator companies regarding the management of the hotels on the owning company side.
Has built an expertise in hotel management agreements in terms of contracting process.
Has built an expertise in franchise agreements for the retail of luxury garments in terms of contracting process and supervised shop openings.
Followed up the performance of the shops according to sales, inventory levels, discounts and sales premiums to personnel.
Executed the human resources function and union contracts negotiation.
Supervised the IT function.
Conducted the financial statements audit of a wide variety of clients and issued audit reports.
Focused mainly on hotel investor and operator companies, brokerage companies and investment funds.
Performed process reviews and internal control assessments for various worldwide hotel chains, banks and brokerage companies.